The source provides an extensive analysis of the luxury property market in Sentosa Cove, Singapore, focusing on the dramatic divergence between its two main segments: landed bungalows and condominiums. It identifies a S$20.8 million bungalow sale as a crucial data point, arguing that this transaction signals a necessary price correction driven by pragmatic sellers, rather than a market rebound. The primary reason for the stagnation in the bungalow segment is the government's 2023 policy of doubling the Additional Buyer's Stamp Duty (ABSD) to 60% for foreigners, effectively eliminating the market's core international demand. In contrast, the condominium market experienced a surge in volume after developers significantly slashed prices, demonstrating that demand remains but is highly sensitive to realistic pricing. Ultimately, the analysis concludes that for the bungalow segment to recover, owners must accept a structural repricing to compete with mainland properties, moving forward from the price expectations of a decade ago.