{"id":78941,"date":"2018-02-05T12:25:10","date_gmt":"2018-02-05T05:25:10","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/sentosa-cove-penthouse-up-for-auction\/"},"modified":"2018-02-05T13:02:57","modified_gmt":"2018-02-05T06:02:57","slug":"sentosa-cove-penthouse-up-for-auction","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sentosa-cove-penthouse-up-for-auction\/","title":{"rendered":"Sentosa Cove penthouse up for auction"},"content":{"rendered":"


\nThe last owner paid $5.64 million, or $1,919 psf for the four-bedroom unit in 2011. (Photo: Edmund Tie and Co)
\nA two-level penthouse on the sixth storey of The Berth by the Cove will be placed under the hammer on 28 February at The Amara Hotel Singapore, revealed Edmund Tie and Co.
\nThe first Sentosa Cove property to be auctioned this year, the four-bedroom unit has a floor area of about 2,939 sq ft and offers unblocked views of the marina as well as the landed enclaves of Coral Island and Paradise Island. The property features private lift access, a double-volume ceiling in the living area and a private spa pool which is ensuite to the master bedroom.
\nThe last owner acquired the property for $5.64 million, or $1,919 psf in 2011.
\nThe Berth by the Cove is one of the few developments on the island that offers its residents berths for their private yacht.
\n\u201cThis is the first time in recent years that a unit under mortgagee sale is available at The Berth by the Cove. Overall, resale and rental transactions within this development and its surrounding projects, such as The Coast and The Oceanfront, has been healthy,\u201d said Joy Tan, head of auction and sales at Edmund Tie and Co.
\n\u201cMortgagee sales along this stretch of Sentosa represents an excellent opportunity for investors or occupiers to acquire a property in one of Singapore\u2019s most prestigious addresses.\u201d
\nAside from the Sentosa Cove penthouse, two other big-ticket mortgagee sale properties will also be offered in the upcoming auction, said Edmund Tie and Co. They are a four-storey, stand-alone JTC building at Joo Seng Road and a good class bungalow (GCB) at Belmont Road.
\nZoned for B1 light industrial under the 2014 Master Plan with a plot ratio of 2.5, the JTC building has a land area of around 30,554 sq ft and a gross floor area of around 76,370 sq ft.
\nThe GCB, on the other hand, carries a revised guide price of $22.3 million, or $1,365 psf, down 12.5 percent from its initial asking price of $25.5 million, or $1,561 psf last year.
\nIt is nestled on a 16,327 sq ft site, with a built-up of around 11,502 sq ft over two-storeys and a basement. Located within the GCB area of Cornwell Gardens, the property is near Dempsey Hill, Singapore Botanic Gardens and Holland Village.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Sentosa Cove penthouse up for auction<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The last owner paid $5.64 million, or $1,919 psf for the four-bedroom unit in 2011....<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-78941","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-kxf","jetpack-related-posts":[{"id":81488,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sentosa-cove-penthouse-sold-at-2-4-million-loss\/","url_meta":{"origin":78941,"position":0},"title":"Sentosa Cove penthouse sold at $2.4 million loss","date":"March 1, 2018","format":false,"excerpt":"\r The four-bedroom unit at The Berth by the Cove was sold for $3.25 million, or $1,105 psf. (Photo: Edmund Tie)\u00a0 A two-level penthouse at Sentosa Cove\u2019s posh The Berth by the Cove was sold on mortgagee sale at an auction on Wednesday (28 Feb) for $3.25 million, which works\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":84129,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/news-roundup-march-2018\/","url_meta":{"origin":78941,"position":1},"title":"News Roundup (March 2018)","date":"March 29, 2018","format":false,"excerpt":"\r Our top Singapore property stories. Geylang HDB flat with city views sold for $910,000 A 5-room HDB resale flat on a high floor in Geylang with sweeping views of the Singapore Sports Hub and city skyline was sold in January for a sky-high price of $910,000. The sale price\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2018\/03\/The-Berth-resized.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":108094,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sentosa-cove-condo-sold-at-50-loss\/","url_meta":{"origin":78941,"position":2},"title":"Sentosa Cove condo sold at 50% loss","date":"June 14, 2019","format":false,"excerpt":"\r Cushman & Wakefield data showed that resale property prices on the resort island fell to $1,367 per sq ft (psf) \u2013 a record low since luxury residential properties were first launched in Sentosa Cove in November 2004. The property cooling measures rolled out by the government in July 2018\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121723,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-sales-in-sentosa-cove-reach-new-record\/","url_meta":{"origin":78941,"position":3},"title":"Home sales in Sentosa Cove reach new record","date":"August 30, 2021","format":false,"excerpt":"\r Home sales in Sentosa Cove reach new recordSome analysts believe the high transaction volumes in Sentosa is a spillover from the growing demand for luxury homes within the Rest of Central Region (RCR), considering that prices on the island remain relatively lower compared to those on the mainland. Sentosa\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/08\/Sentosa-cove-apartments-1.jpg?fit=819%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":66046,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kong-hees-sentosa-home-relisted-for-11-5m\/","url_meta":{"origin":78941,"position":4},"title":"Kong Hee\u2019s Sentosa home relisted for $11.5m","date":"September 11, 2017","format":false,"excerpt":"\r There has been an increased interest in Sentosa Cove homes as prices have gradually moved closer to that of mass market condos. In a sign that the luxury condo market is picking up steam again, the Sentosa Cove penthouse unit of City Harvest Church founder Kong Hee was relisted\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22468,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-bungalow-sales-seen-in-sentosa-cove\/","url_meta":{"origin":78941,"position":5},"title":"More bungalow sales seen in Sentosa Cove","date":"August 10, 2016","format":false,"excerpt":"\r View of waterfront bungalows in Sentosa Cove. Sentosa Cove has witnessed an improvement in bungalow deals lately, with the bulk sale for the 10 remaining bungalows on Pearl Island, one of the district\u2019s five man-made islands, entered into, reported The Business Times. The transaction, which will be done via\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/78941"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=78941"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/78941\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=78941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=78941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=78941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}