Two markets wearing one district number: Sentosa Cove’s waterfront stock and the mainland Harbourfront/Telok Blangah strip. They price differently and should never be pooled.
What the numbers say
Condominium transactions, 12 months to July 2026 (URA caveats). Rental medians, Q2 2026 (URA contracts). HDB figures are 4-room resale registrations for BUKIT MERAH, 12 months to July 2026 (data.gov.sg) — HDB publishes by town, not by postal district.
| Measure | Figure | Sample |
|---|---|---|
| Median private condominium | $1,821 psf · $2,800,000 median price | 304 transactions |
| Median rent (all sizes) | $7,400 / month | 428 contracts |
| HDB 4-room, BUKIT MERAH | $932,000 | 403 transactions |
What moves price here
- The highest median rent measured anywhere — $7,400/month across 428 contracts, pulled up by large Sentosa Cove and Keppel Bay units.
- Sentosa Cove is a distinct market with its own foreign-ownership rules and its own liquidity profile. Mainland D4 does not follow it.
- Bukit Merah HDB is strong at a $932,000 4-room median — Telok Blangah’s flats benefit from the same location the condos are priced on.
Who it suits
Waterfront buyers, and mainland D4 buyers who want harbour access without Sentosa pricing or Sentosa’s resale constraints.
What to check before you commit
- Sentosa Cove’s separate approval rules if you’re not a citizen
- Resale liquidity — Sentosa stock can sit
- Which side of the causeway your comparable sits on
Figures pulled 2026-07-23 from URA caveat data and HDB resale registrations — completed transactions, not portal asking prices. Caveats lag the live market by a few weeks. Want the numbers for a specific project or block in District 4? Ask me and I’ll pull them.