Three Duplex Penthouses Turquoise Market 23 Mil

Turquoise, the exclusive waterfront luxury condominium at Sentosa Cove, has three duplex penthouses currently on the market for sale, going for $23 million each. The largest of the three penthouses is a 7,987 sq ft, five-bedroom duplex and is also the biggest of the 10 penthouses in the condo, with a 99-year lease. It boasts of a wine cellar, kitchen and living area, four ensuite bedrooms, two utility rooms and a balcony on the lower level. The upper level features a master bedroom suite with a private infinity pool, pool deck and outdoor shower. It is being let out at $12 million ($1,502 psf). The second-largest penthouse on sale is a 3,746 sq ft, four-bedroom unit listed at $5.99 million ($1,599 psf). This unit has a large open-air terrace on the upper floor with a built-in Jacuzzi and stunning views of Sandy Island and Sentosa’s southern waterfront on offer. The last penthouse, on offer, has an asking price of $5 million ($1,607 psf) and consists of a three-bedroom unit measuring 3,111 sq ft. These three penthouses are located on the sixth floor of the project, and have wet and dry kitchens, private lift lobbies, floor-to-ceiling windows, and open balconies, along with en suite facilities in each bedroom. The condo has 21 berths available to the residents, a gym, steam room, barbecue pits and a swimming pool. It was completed by Ho Bee Land in 2010. With 91 units, the project is made up of three 6-storey blocks. Typical units comprise a mix of three- and four-bedroom apartments. The three-bedders come in sizes ranging between 2,088 sq ft and 2,573 sq ft, while the four-bedders have sizes between 2,400 sq ft and 3,050 sq ft. Penthouses are available in sizes between 3,111 sq ft and 3,764 sq ft, while sky villas can meaure up to 6,900 sq ft and 7,987 sq ft. The project’s biggest penthouse is still under the ownership of Ho Bee Land. The 7,987 sq ft, five-bedroom duplex penthouse is currently on the market for $12 million. From URA caveats, the 3,746 sq ft, four-bedroom duplex penthouse was purchased by a Korean national for around $9.5 million ($2,545 psf) in November 2007, when the project was launched. The 3,111 sq ft, three-bedroom duplex penthouse was purchased by an African national in December 2007 for around $8 million ($2,579 psf), according to the caveats lodged then. Both these units were bought on the sixth floor, by foreign nationals. Back when the project was launched, there were a large number of foreign buyers who procured the waterfront homes for investment purposes and as holiday homes. Last year, the average price of units sold at Turquoise stood at $1,427 psf, across four recorded resale transactions. Michele Cabasug, senior associate VP at List Sotheby’s International Realty says that there are now more owner-occupiers in Sentosa Cove than holiday home owners. This is reflected in the current buyer profile at Turquoise. The project only saw about 25% Singaporean owners during the project’s launch. Today, that number stands at 57.4%. Meanwhile, 32.3% of the condo’s transactions were made by permanent residents, while remaining 8.8% were by foreign buyers. All in all, these penthouses offer very high rental yields, making them an extremely lucrative investment opportunity.

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