Mortgagee sale of sea-facing Sentosa Cove bungalow for $21 mil
The double-storey bungalow has 4 bedrooms and six restrooms, with a total built-up area of 5,252 sq ft. The residential property has a 99-year leasehold tenure which started from 2005. An essential feature of the house is the full-height glass home windows of the living room on the 2nd level of the house, which offers an unblocked sight of the sea and also the CBD skyline across the water.
The bungalow at Ocean Drive that is up for auction lies near F&B outlets as well as retail offerings at Quayside Isle and also One Degree 15 Marina Sentosa Cove. It is also only a 10-minute trip to VivoCity and also the CBD.
A bungalow located along Ocean Drive in the distinctive Sentosa Cove residential enclave will certainly be set up for auction by SRI on April 28. The property is a mortgagee sale as well as has an overview cost of $21 million, which converts to $2,192 psf based on the home’s land area of 9,580 sq ft.
On Jan 12, a bungalow resting on an area 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 a land area 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 modified hands for $18.4 million ($2,057 psf) on March 22.
Sentosa Cove bungalows and condominiums have seen a renewal in purchase activity over the previous year. The latest transaction of a bungalow along Sea Drive got on Nov 2 2021, when a waterway-facing building sitting on a 10,629 sq ft, 99-year leasehold site modified hands for about $23 million ($2,164 psf).
The home was established by an individual owner who was one of the initial to acquire a bungalow development site in the North Cove of Sentosa Cove from Sentosa Development Corp. The building has actually improved hands 4 times ever since, the most recent remaining in September 2016, when it was sold for $28 million ($2,923 psf), according to caveats lodged.
In November 2011, it had modified 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 master bedroom is located on the initial storey and also includes straight accessibility to an outside patio. Two added en suite rooms, together with the kitchen area and eating place, are likewise located on the very first floor of the house, all of which open to a yard as well as water feature. There is also an en suite room situated on the 2nd floor.
