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

The double-storey bungalow has four rooms and also six bathrooms, 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 feature of the house is the full-height glass windows of the living room on the second level of the house, which supplies an unblocked view of the sea as well as the CBD horizon throughout the water.

The home was developed by a private proprietor who was just one of the first to purchase a bungalow improvement location in the North Cove of Sentosa Cove from Sentosa Development Corp. The residential property has changed hands four times ever since, the latest 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). At the same time, 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 changed hands for $18.4 million ($2,057 psf) on March 22.

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 building was in October 2009 when it was sold for $16.9 million ($1,763 psf).

The Landmark Condo Chin Swee Road

Sentosa Cove bungalows and condos have seen a return in purchase activity over the previous year. The latest deal of a bungalow along Sea Drive got on Nov 2 last year, when a waterway-facing residential property sitting on a 10,629 sq ft, 99-year leasehold site improved hands for around $23 million ($2,164 psf).

A bungalow situated along Ocean Drive in the distinctive Sentosa Cove property enclave will be set up for sale by SRI on April 28. The residential property is a mortgagee sale and has an overview cost of $21 million, which converts to $2,192 psf based on the residential property’s land area of 9,580 sq ft.

The bungalow at Ocean Drive that is up for bargain is located near F&B avenues and 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.

The master bedroom lies on the initial storey as well as features straight access to an outdoor patio. 2 added en suite bedrooms, along with the kitchen area as well as dining area, are likewise found on the first floor of the house, every one of which available to a courtyard and water feature. There is additionally an en suite bedroom located on the second storey.

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