Mortgagee sale of sea-facing Sentosa Cove bungalow for $21 mil
On Jan 12, a bungalow sitting on a site of 8,632 sq ft at Treasure Island on Sentosa Cove was sold for $14.3 million ($1,657 psf). On the other hand, 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 changed hands for $18.4 million ($2,057 psf) on March 22.
A bungalow located along Ocean Drive in the distinctive Sentosa Cove domestic enclave will certainly be put up for auction by SRI on April 28. The residential property is a mortgagee sale and has a guide cost of $21 million, which equates to $2,192 psf based on the building’s land area of 9,580 sq ft.
The double-storey bungalow has 4 rooms and also six shower rooms, with a total built-up area of 5,252 sq ft. The home has a 99-year leasehold tenure which began with 2005. An essential attribute of the house is the full-height glass windows of the living room on the 2nd degree of the house, which provides an unblocked view of the sea and also the CBD horizon across the water.
The bungalow at Ocean Drive that is up for sale lies near F&B outlets and retail offerings at Quayside Isle and also One Degree 15 Marina Sentosa Cove. It is also just a 10-minute trip to VivoCity and also the CBD.
The master bedroom is located on the initial floor and also features straight access to an outdoor patio area. Two additional en suite rooms, along with the kitchen area and dining place, are additionally found on the very first storey of the house, all of which open to a courtyard and also water feature. There is likewise an en suite bed room located on the 2nd storey.
In November 2011, it had actually improved hands for $25 million ($2,610 psf), while in January 2011, it was sold for $24 million ($2,504 psf). The earliest purchase lodged for the building was in October 2009 when it was sold for $16.9 million ($1,763 psf).
The residential property was established by a private owner that was among the very first to buy a bungalow enhancement location in the North Cove of Sentosa Cove from Sentosa Development Corp. The home has improved hands four times since then, the most up to date being in September 2016, when it was sold for $28 million ($2,923 psf), according to caveats lodged.
Sentosa Cove bungalows as well as condominiums have seen a return in deal activity over the previous year. The current transaction of a bungalow along Sea Drive got on Nov 2 2021, when a waterway-facing residential property sitting on a 10,629 sq ft, 99-year leasehold site modified hands for about $23 million ($2,164 psf).