Mortgagee sale of sea-facing Sentosa Cove bungalow for $21 mil
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 residential property was in October 2009 when it was sold for $16.9 million ($1,763 psf).
Sentosa Cove bungalows as well as condominiums have seen a renewal in transaction activity over the past year. The latest purchase of a bungalow along Sea Drive got on Nov 2 2021, when a waterway-facing property sitting on a 10,629 sq ft, 99-year leasehold site improved hands for about $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). At the same time, 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 improved hands for $18.4 million ($2,057 psf) on March 22.
The master bedroom is located on the very first storey and includes direct access to an outside patio area. Two additional en suite rooms, along with the kitchen as well as dining place, are also found on the first storey of the house, every one of which open up to a courtyard as well as water feature. There is additionally an en suite room situated on the 2nd floor.
The bungalow at Ocean Drive that is up for bargain is located near F&B avenues and also 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.
The building was developed by an individual owner who was among the initial to buy a bungalow advancement site in the North Cove of Sentosa Cove from Sentosa Development Corp. The residential property has actually improved hands 4 times since then, the current remaining in September 2016, when it was sold for $28 million ($2,923 psf), according to caveats lodged.
A bungalow located along Ocean Drive in the exclusive Sentosa Cove domestic enclave will be put up for auction by SRI on April 28. The building is a mortgagee sale and also has a guide cost of $21 million, which equates to $2,192 psf based upon the building’s land area of 9,580 sq ft.
The double-storey bungalow has 4 rooms and 6 washrooms, with a total built-up area of 5,252 sq ft. The residential property has a 99-year leasehold tenure which started from 2005. A key function of the house is the full-height glass windows of the living-room on the second degree of the house, which uses an unblocked sight of the sea as well as the CBD horizon throughout the water.
