06 Oct '16, 10am

Sentosa Cove bungalow almost broke record of S$2,989 psf

A BUNGALOW in a prime seafront location on Sentosa Cove has been sold for a near-record price of S$2,923 per square foot (psf) on land area. The property works out to cost $28 million, and is located along Ocean Drive and consists of two storeys and a basement. It occupies 9,580 square feet of land with 99-year-leasehold tenure starting June 2005 - reflecting a balance lease tenure of 88 years. The record psf on land price for a Sentosa Cove bungalow transaction is still the S$2,989 psf fetched for 81 Ocean Drive in 2010; the absolute price in that deal amounted to S$28.2 million. This is only the second lodged caveat this year for a bungalow purchase in Sentosa Cove. The property has four bedrooms, a meeting room, a swimming pool (with views of the sea, CBD and container terminals), a koi pond and a roof terrace. The property is being sold by Hii Yii Ann, a Malaysian citi...

Full article: http://www.srx.com.sg/singapore-property-news/24792/sento...

Tweets

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