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

Sentosa Cove bungalows and condos have seen a renewal in deal activity over the past year. The current 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 changed hands for about $23 million ($2,164 psf).

The property was developed by a private proprietor who was among the first to buy a bungalow enhancement location in the North Cove of Sentosa Cove from Sentosa Development Corp. The building has actually changed hands four times since then, the latest being in September 2016, when it was sold for $28 million ($2,923 psf), according to caveats lodged.

The bungalow at Ocean Drive that is up for bargain lies near F&B avenues and also retail offerings at Quayside Isle as well as One Degree 15 Marina Sentosa Cove. It is also only a 10-minute ride to VivoCity as well as the CBD.

The Watergardens Canberra Drive

In November 2011, it had changed hands for $25 million ($2,610 psf), while in January 2011, it was sold for $24 million ($2,504 psf). The earliest transaction lodged for the residential property was in October 2009 when it was sold for $16.9 million ($1,763 psf).

On Jan 12, a bungalow sitting on an area 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 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 modified hands for $18.4 million ($2,057 psf) on March 22.

The master bedroom lies on the first storey as well as comes with straight accessibility to an outside patio. 2 additional en suite rooms, together with the cooking area as well as eating place, are also found on the first floor of the house, all of which open up to a courtyard as well as water feature. There is likewise an en suite bed room situated on the 2nd floor.

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

The double-storey bungalow has 4 bedrooms and six bathrooms, with a total built-up area of 5,252 sq ft. The residential property has a 99-year leasehold period which started from 2005. A key feature of the house is the full-height glass home windows of the living room on the second degree of the house, which uses an unblocked sight of the sea and also the CBD skyline across the water.

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