Mortgagee sale of sea-facing Sentosa Cove bungalow for $21 mil
The bungalow at Ocean Drive that is up for bargain is located near F&B avenues as well as retail offerings at Quayside Isle and also One Degree 15 Marina Sentosa Cove. It is also only a 10-minute drive to VivoCity and the CBD.
A bungalow situated along Ocean Drive in the distinctive Sentosa Cove domestic territory will certainly be set up for auction by SRI on April 28. The property is a mortgagee sale as well as has a guide price of $21 million, which equates to $2,192 psf based upon the residential property’s land area of 9,580 sq ft.
The master bedroom lies on the very first floor as well as includes direct accessibility to an outdoor patio area. 2 added en suite bed rooms, along with the kitchen and also dining area, are also located on the very first floor of the house, all of which open up to a yard as well as water feature. There is additionally an en suite room located on the second storey.
Sentosa Cove bungalows as well as condominiums have seen a renewal in purchase activity over the previous year. The latest purchase of a bungalow along Sea Drive got on Nov 2 2021, when a waterway-facing building sitting on a 10,629 sq ft, 99-year leasehold location changed hands for about $23 million ($2,164 psf).
In November 2011, it had actually modified 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 property was in October 2009 when it was sold for $16.9 million ($1,763 psf).
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 tenure which started from 2005. A crucial function of the house is the full-height glass windows of the living room on the second level of the house, which offers an unblocked view of the sea and also the CBD sky line across the water.
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). 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 improved hands for $18.4 million ($2,057 psf) on March 22.
The home was established by an individual proprietor that was just one of the initial to acquire a bungalow enhancement location in the North Cove of Sentosa Cove from Sentosa Development Corp. The property has changed hands four times since then, the most recent remaining in September 2016, when it was sold for $28 million ($2,923 psf), according to caveats lodged.