Mortgagee sale of sea-facing Sentosa Cove bungalow for $21 mil
The bungalow at Ocean Drive that is up for auction lies near F&B outlets as well as retail offerings at Quayside Isle and also One Degree 15 Marina Sentosa Cove. It is also only a 10-minute trip to VivoCity and also the CBD.
The master bedroom lies on the very first floor as well as includes straight access to an exterior patio. 2 extra en suite bedrooms, in addition to the kitchen area and eating area, are likewise found on the first storey of the house, every one of which open to a yard and also water feature. There is likewise an en suite bed room situated on the second floor.
Sentosa Cove bungalows and also condominiums have seen a renewal in purchase activity over the last year. The latest purchase of a bungalow along Ocean Drive got on Nov 2 last year, when a waterway-facing building sitting on a 10,629 sq ft, 99-year leasehold location improved hands for about $23 million ($2,164 psf).
The double-storey bungalow has four rooms and also 6 restrooms, with a complete built-up area of 5,252 sq ft. The property has a 99-year leasehold period which began with 2005. A key attribute of the house is the full-height glass windows of the living-room on the 2nd degree of the house, which uses an unblocked sight of the sea as well as the CBD sky line across the water.
The building was developed by an individual proprietor who was just one of the initial to acquire a bungalow development location in the North Cove of Sentosa Cove from Sentosa Development Corp. The property has modified hands 4 times ever since, the most recent remaining in September 2016, when it was sold for $28 million ($2,923 psf), according to caveats lodged.
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 transaction lodged for the property was in October 2009 when it was sold for $16.9 million ($1,763 psf).
A bungalow located along Ocean Drive in the exclusive Sentosa Cove household territory will be put up for sale by SRI on April 28. The property is a mortgagee sale and has a guide rate of $21 million, which converts to $2,192 psf based upon the building’s land area of 9,580 sq ft.
On Jan 12, a bungalow resting 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.