Mortgagee sale of sea-facing Sentosa Cove bungalow for $21 mil

The double-storey bungalow has four rooms as well as six shower rooms, with an overall built-up area of 5,252 sq ft. The home has a 99-year leasehold period which started from 2005. A crucial feature of the house is the full-height glass windows of the living room on the 2nd degree of the house, which uses an unblocked sight of the sea as well as the CBD skyline throughout the water.

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 purchase lodged for the home was in October 2009 when it was sold for $16.9 million ($1,763 psf).

On Jan 12, a bungalow sitting 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 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.

Sentosa Cove bungalows and also condos have seen a rebound in purchase activity over the past year. The most up to date deal of a bungalow along Sea Drive got on Nov 2 2021, when a waterway-facing residential property resting on a 10,629 sq ft, 99-year leasehold location modified hands for around $23 million ($2,164 psf).

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The building was created by a private owner that was among the initial to purchase a bungalow advancement location in the North Cove of Sentosa Cove from Sentosa Development Corp. The building has actually modified hands four times since then, the most up to date remaining in September 2016, when it was sold for $28 million ($2,923 psf), according to caveats lodged.

A bungalow located along Ocean Drive in the premium Sentosa Cove property enclave will be put up for auction by SRI on April 28. The building is a mortgagee sale as well as has an overview rate of $21 million, which converts to $2,192 psf based upon the building’s land area of 9,580 sq ft.

The master bedroom lies on the very first floor as well as features direct accessibility to an exterior patio. Two added en suite rooms, in addition to the kitchen area as well as eating place, are additionally situated on the very first floor of the house, all of which open up to a courtyard and water feature. There is additionally an en suite room located on the 2nd floor.

The bungalow at Ocean Drive that is up for sale is located near F&B outlets as well as retail offerings at Quayside Isle and One Degree 15 Marina Sentosa Cove. It is also only a 10-minute ride to VivoCity and the CBD.

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