Mortgagee sale of sea-facing Sentosa Cove bungalow for $21 mil
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 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.
Sentosa Cove bungalows and also condos have seen a resurgence in deal activity over the previous year. The current deal of a bungalow along Ocean Drive got on Nov 2 last year, when a waterway-facing property resting on a 10,629 sq ft, 99-year leasehold site improved hands for around $23 million ($2,164 psf).
The bungalow at Ocean Drive that is up for sale lies near F&B avenues and retail offerings at Quayside Isle and also One Degree 15 Marina Sentosa Cove. It is also only a 10-minute ride to VivoCity as well as the CBD.
In November 2011, it had actually modified hands for $25 million ($2,610 psf), while in January 2011, it was sold for $24 million ($2,504 psf). The earliest transaction lodged for the home was in October 2009 when it was sold for $16.9 million ($1,763 psf).
A bungalow situated along Ocean Drive in the distinctive Sentosa Cove property territory will certainly be installed for auction by SRI on April 28. The building is a mortgagee sale as well as has an overview cost of $21 million, which translates to $2,192 psf based upon the building’s land area of 9,580 sq ft.
The residential property was developed by an individual owner who was among the first to acquire a bungalow advancement location in the North Cove of Sentosa Cove from Sentosa Development Corp. The property has changed hands 4 times ever since, the current remaining in September 2016, when it was sold for $28 million ($2,923 psf), according to caveats lodged.
The double-storey bungalow has 4 bedrooms as well as 6 restrooms, with a complete built-up area of 5,252 sq ft. The building has a 99-year leasehold tenure which began with 2005. A crucial attribute of the house is the full-height glass windows of the living-room on the second level of the house, which offers an unblocked view of the sea and also the CBD horizon across the water.
The master bedroom is located on the very first floor as well as comes with direct accessibility to an exterior patio. 2 extra en suite bed rooms, along with the kitchen area and also dining place, are additionally situated on the initial storey of the house, all of which open to a courtyard and water feature. There is also an en suite bedroom located on the 2nd storey.