Mortgagee sale of sea-facing Sentosa Cove bungalow for $21 mil
The home was created by an individual proprietor that was one of the very first to buy a bungalow development site in the North Cove of Sentosa Cove from Sentosa Development Corp. The home has actually changed hands four 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.
A bungalow situated along Ocean Drive in the premium Sentosa Cove property enclave will certainly be installed for sale by SRI on April 28. The home is a mortgagee sale as well as has a guide price of $21 million, which translates to $2,192 psf based on the property’s land area of 9,580 sq ft.
The master bedroom lies on the very first storey and also comes with straight accessibility to an exterior patio. Two extra en suite bed rooms, together with the cooking area as well as dining area, are likewise located on the initial storey of the house, all of which open up to a yard and water feature. There is additionally an en suite bedroom located on the second storey.
Sentosa Cove bungalows and also condos have actually seen a resurgence in transaction activity over the past year. The latest deal of a bungalow along Sea Drive was on Nov 2 2021, when a waterway-facing home sitting on a 10,629 sq ft, 99-year leasehold location changed hands for around $23 million ($2,164 psf).
On Jan 12, a bungalow sitting on a site 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 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 changed hands for $18.4 million ($2,057 psf) on March 22.
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 purchase lodged for the property was in October 2009 when it was sold for $16.9 million ($1,763 psf).
The double-storey bungalow has four bedrooms as well as six restrooms, with a complete built-up area of 5,252 sq ft. The residential property has a 99-year leasehold period which began with 2005. A vital 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 sight of the sea and also the CBD skyline throughout the water.
The bungalow at Ocean Drive that is up for bargain is located near F&B outlets and retail offerings at Quayside Isle and also One Degree 15 Marina Sentosa Cove. It is also only a 10-minute ride to VivoCity and also the CBD.