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

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).

Sentosa Cove bungalows as well as condominiums have actually seen a rebound in transaction activity over the past year. The most up to date 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 site modified hands for about $23 million ($2,164 psf).

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

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

The master bedroom is located on the initial storey and comes with straight access to an outdoor patio area. Two extra en suite bed rooms, along with the kitchen as well as dining area, are additionally found on the very first floor of the house, all of which available to a yard and also water feature. There is likewise an en suite bed room situated on the second floor.

The double-storey bungalow has four rooms and also 6 washrooms, with a total built-up area of 5,252 sq ft. The residential property has a 99-year leasehold tenure which began with 2005. A key function of the house is the full-height glass home windows of the living room on the second level of the house, which provides an unblocked sight of the sea and the CBD skyline across the water.

Leedon Green floor plan

The home was established by a private proprietor that was among the first to acquire a bungalow advancement location in the North Cove of Sentosa Cove from Sentosa Development Corp. The residential property has actually modified hands 4 times since then, the most recent remaining in September 2016, when it was sold for $28 million ($2,923 psf), according to caveats lodged.

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 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.

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