Mortgagee sale of sea-facing Sentosa Cove bungalow for $21 mil
Sentosa Cove bungalows and also condominiums have seen a resurgence in transaction activity over the previous year. The latest purchase of a bungalow along Ocean Drive was on Nov 2 2021, when a waterway-facing residential property sitting on a 10,629 sq ft, 99-year leasehold location improved hands for about $23 million ($2,164 psf).
The master bedroom is located on the initial floor as well as comes with straight access to an exterior patio. 2 extra en suite bedrooms, along with the cooking area as well as dining area, are also situated on the very first storey of the house, every one of which available to a yard as well as water feature. There is also an en suite bed room located on the 2nd floor.
The bungalow at Ocean Drive that is up for bargain 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 just a 10-minute drive to VivoCity as well as the CBD.
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 residential property was in October 2009 when it was sold for $16.9 million ($1,763 psf).
The double-storey bungalow has 4 rooms and six shower rooms, with a complete built-up area of 5,252 sq ft. The property has a 99-year leasehold period which began with 2005. An essential feature of the house is the full-height glass home windows of the living-room on the 2nd degree of the house, which provides an unblocked view of the sea and the CBD horizon across the water.
The residential property was developed by an individual owner that was among the initial to acquire a bungalow enhancement site in the North Cove of Sentosa Cove from Sentosa Development Corp. The building has actually improved hands 4 times ever since, the latest 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 distinctive Sentosa Cove property territory will be put up for auction by SRI on April 28. The property is a mortgagee sale and also has an overview price of $21 million, which converts to $2,192 psf based on the home’s land area of 9,580 sq ft.
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). Meanwhile, 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.