Five Bedroom Bungalow Sentosa Market 139 Mil
.Eagle-eyed property hunters can also keep tabs on edgeprop.sg for the latest listings and updates onSINGAPORE: A detached house located on Pearl Island in Sentosa, boasting five bedrooms and a basement, will be up for sale at an auction on July 31 by real estate agency SRI. The property, which is being sold by its owner, sits on a 99-year leasehold land and spans 7,287 square feet. The guide price for this property is $13.9 million, bringing the land rate to $1,908 per square feet.The bungalow, which is 2½ storeys tall, has a built-up area of about 8,000 square feet. It boasts five ensuite bedrooms, three additional bathrooms, wet and dry kitchens, a pool, a private yacht berth, a lift and a dining area. There is also a front car porch that can accommodate two cars. Residents can also enjoy floor-to-ceiling windows on the ground floor that provide ample natural light. The basement features a wine cellar, bomb shelter and an ensuite helper’s room, while the rooftop terrace offers stunning views of the surrounding marina waterways of Pearl Island. This marks the property’s second appearance at SRI’s auction, with the property being sold vacant this time around. It was previously listed in the auction back in August 2021 with a guide price of $25.9 million but was withdrawn as there were no bidders.AdvertisementAccording to Eric Liew, manager for auction sales at SRI, the property was purchased by its current owner back in November 2010 for $16 million, which equates to a land rate of $2,200 per square feet. As the owner is looking to invest in other opportunities, they are motivated to sell the property for the current guide price. The most recent transaction on Pearl Island took place back in December 2023 when a bungalow with a built-up area of 6,555 square feet was sold for $13.66 million or $2,084 per square feet.Besides this detached house, SRI will also be putting two other landed properties in Sentosa up for sale: a bungalow on Cove Drive with a built-up area of 6,926 square feet and another on Cove Grove with an area of 9,447 square feet. The six-bedroom bungalow on Cove Drive was listed at $24.5 million during SRI’s May auction but had its guide price revised to $19.9 million during the June auction. This time around, it will be listed with a guide of $17.9 million. On the other hand, the five-bedroom bungalow on Cove Grove first appeared at the May auction with a guide price of $39.8 million, which was later revised to $28.9 million during the June auction. Its guide price will remain the same for the upcoming July 31 auction.Sentosa Cove is an exclusive enclave that allows foreigners to purchase bungalows, but it is not just limited to them as locals have also been taking advantage of the lowered prices. As of July 16, there have been 99 transactions in Sentosa this year, with an average price of $1,827 per square feet. Out of the 99 transactions, Singaporeans and Singapore PRs made 95 (95%), while the remaining five were by foreigners. This is in stark contrast to the 95 transactions in Sentosa in 2023, which had an average price of $2,064 per square feet. Singaporeans and PRs accounted for 74 transactions (77.9%), and there were 20 transactions by foreigners and one transaction by a company. Interested buyers can explore the latest listings for Sentosa Cove properties on EdgeProp Singapore’s website.
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