Mortgagee sale of sea-facing Sentosa Cove bungalow for $21 mil
The double-storey bungalow has four bedrooms and also six washrooms, with a total built-up area of 5,252 sq ft. The building has a 99-year leasehold tenure which started from 2005. A key attribute of the house is the full-height glass home windows of the living room on the second level of the house, which supplies an unblocked sight of the sea as well as the CBD skyline across the water.
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 also One Degree 15 Marina Sentosa Cove. It is also only a 10-minute ride to VivoCity and the CBD.
Sentosa Cove bungalows and condominiums have seen a renewal in transaction activity over the last year. The most up to date purchase 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 location modified hands for around $23 million ($2,164 psf).
A bungalow situated along Ocean Drive in the premium Sentosa Cove residential enclave will be installed for auction by SRI on April 28. The residential property is a mortgagee sale and also has a guide cost of $21 million, which converts to $2,192 psf based on the home’s land area of 9,580 sq ft.
In November 2011, it had 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 property was in October 2009 when it was sold for $16.9 million ($1,763 psf).
On Jan 12, a bungalow resting on a site of 8,632 sq ft at Treasure Island on Sentosa Cove was sold for $14.3 million ($1,657 psf). Meanwhile, 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.
The property was developed by an individual owner that was one of the very first to acquire a bungalow development site in the North Cove of Sentosa Cove from Sentosa Development Corp. The home has actually changed hands four times ever since, the most up to date remaining in September 2016, when it was sold for $28 million ($2,923 psf), according to caveats lodged.
The master bedroom lies on the very first storey and features straight accessibility to an exterior patio area. Two added en suite rooms, together with the kitchen as well as eating area, are additionally situated on the very first floor of the house, every one of which open to a courtyard and also water feature. There is additionally an en suite room located on the second storey.