Mortgagee sale of sea-facing Sentosa Cove bungalow for $21 mil
Sentosa Cove bungalows and also condominiums have actually seen a renewal in purchase activity over the past year. The latest purchase of a bungalow along Sea Drive was on Nov 2 2021, when a waterway-facing residential property sitting on a 10,629 sq ft, 99-year leasehold site changed hands for around $23 million ($2,164 psf).
The master bedroom lies on the first storey and comes with straight accessibility to an outside patio. Two additional en suite bedrooms, together with the kitchen and eating area, are additionally found on the very first floor of the house, all of which open to a yard and water feature. There is also an en suite bed room situated on the second floor.
The bungalow at Ocean Drive that is up for sale lies near F&B avenues and also retail offerings at Quayside Isle and One Degree 15 Marina Sentosa Cove. It is also just a 10-minute drive to VivoCity as well as the CBD.
On Jan 12, a bungalow resting on a site of 8,632 sq ft at Treasure Island on Sentosa Cove was sold for $14.3 million ($1,657 psf). At the same time, a bungalow at Lakeshore View sitting on an acreage of 7,888 sq ft was sold for $17.6 million ($2,231 psf) on Feb 9. Most recently, a bungalow at Cove Way in the South Cove sitting on a land area of 8,944 sq ft improved hands for $18.4 million ($2,057 psf) on March 22.
In November 2011, it had actually changed hands for $25 million ($2,610 psf), while in January 2011, it was sold for $24 million ($2,504 psf). The earliest deal lodged for the property was in October 2009 when it was sold for $16.9 million ($1,763 psf).
The property was developed by an individual owner that was just one of the very first to acquire a bungalow development site in the North Cove of Sentosa Cove from Sentosa Development Corp. The property has actually changed hands 4 times since then, the current being in September 2016, when it was sold for $28 million ($2,923 psf), according to caveats lodged.
The double-storey bungalow has 4 bedrooms and also 6 bathrooms, with a total built-up area of 5,252 sq ft. The home has a 99-year leasehold period which began with 2005. An essential feature of the house is the full-height glass home windows of the living-room on the 2nd degree of the house, which offers an unblocked sight of the sea and also the CBD skyline throughout the water.
A bungalow located along Ocean Drive in the distinctive Sentosa Cove property enclave will be set up for sale by SRI on April 28. The home is a mortgagee sale as well as has a guide rate of $21 million, which translates to $2,192 psf based on the property’s land area of 9,580 sq ft.