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

The building was developed by an individual owner that was among the very first to buy a bungalow development location in the North Cove of Sentosa Cove from Sentosa Development Corp. The building has improved hands 4 times ever since, the latest remaining in September 2016, when it was sold for $28 million ($2,923 psf), according to caveats lodged.

In November 2011, it had actually 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).

The master bedroom lies on the initial storey and comes with direct accessibility to an outdoor patio. Two additional en suite bed rooms, along with the kitchen area and also eating area, are also situated on the initial storey of the house, every one of which available to a yard as well as water feature. There is likewise an en suite room located on the 2nd floor.

The double-storey bungalow has four bedrooms and six washrooms, with a complete built-up area of 5,252 sq ft. The building has a 99-year leasehold period which began with 2005. An essential 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 view of the sea and also the CBD skyline across the water.

Sentosa Cove bungalows and also condominiums have seen a rebound in deal activity over the last year. The current transaction of a bungalow along Sea Drive got on Nov 2 last year, when a waterway-facing residential property resting on a 10,629 sq ft, 99-year leasehold location modified hands for about $23 million ($2,164 psf).

Midtown Modern condominium

A bungalow situated along Ocean Drive in the premium Sentosa Cove domestic enclave will certainly be put up for sale by SRI on April 28. The home is a mortgagee sale and has an overview price of $21 million, which translates 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 is located near F&B outlets as well as retail offerings at Quayside Isle and One Degree 15 Marina Sentosa Cove. It is also just a 10-minute drive to VivoCity as well as the CBD.

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 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 changed hands for $18.4 million ($2,057 psf) on March 22.

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