Mortgagee sale of sea-facing Sentosa Cove bungalow for $21 mil
Sentosa Cove bungalows and condos have seen a rebound in transaction activity over the previous year. The current deal of a bungalow along Sea Drive was on Nov 2 2021, when a waterway-facing home resting on a 10,629 sq ft, 99-year leasehold location changed hands for around $23 million ($2,164 psf).
The double-storey bungalow has four rooms as well as six washrooms, with a total built-up area of 5,252 sq ft. The residential property 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 level of the house, which supplies an unblocked view of the sea and the CBD skyline throughout the water.
The master bedroom is located on the initial storey and features direct access to an exterior patio. 2 added en suite rooms, in addition to the cooking area as well as dining area, are also situated on the initial floor of the house, all of which open up to a courtyard and water feature. There is likewise an en suite room located on the second floor.
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 deal lodged for the building was in October 2009 when it was sold for $16.9 million ($1,763 psf).
The bungalow at Ocean Drive that is up for auction lies near F&B avenues as well as retail offerings at Quayside Isle as well as One Degree 15 Marina Sentosa Cove. It is also just a 10-minute trip to VivoCity and the CBD.
A bungalow located along Ocean Drive in the premium Sentosa Cove residential enclave will certainly be installed for auction by SRI on April 28. The residential property is a mortgagee sale and has an overview price of $21 million, which equates to $2,192 psf based on the home’s land area of 9,580 sq ft.
The building was established by an individual proprietor that was one of the first to purchase a bungalow improvement site in the North Cove of Sentosa Cove from Sentosa Development Corp. The building has actually improved hands 4 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.
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). On the other hand, a bungalow at Lakeshore View resting 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 improved hands for $18.4 million ($2,057 psf) on March 22.