A three-bedroom house located at the Berth by the Cove located within The Sentosa Cove enclave, will be put up for sale on the 24th of May. The property is a sale by the owner with a price guide that is $2.6 million, according to Edmund Tie’s director of auction as well as the sales manager, Joy Tan, who is in charge of the sale.
Marina View Residences land price will have 0.78 ha or 84,000 sq ft site enjoys a maximum GFA of 1.09 million sq. ft. It is expected to house 905 private residential units, at least 548,959 sq ft and 540 hotel units in 279,861 sq ft. There’s an optional 21,528 sq ft of commercial space and 21,528 sq ft of retail space.
The property is 1,668 square feet, which is a reference price that is $1,559 per square foot. The property is currently rented by the owner, and the owner wants for a buyer to purchase the property under the current tenancy that will expire on March 20, 2025. “This means that the property is an ideal investment to investors who are looking for instant rental income,” says Tan. Based on the price of the property’s guide the unit could offer investors a rent yield that is greater than 3%.
The property is located on the second floor, and comes with an elevator as well as a balcony that faces the waterway lined with trees. The property has both dry and wet kitchens as well as an outdoor shelter for the family, and the master bedroom is equipped with an additional balcony.
The Berth by the Cove is a 200-unit project located along Ocean Drive that was completed in 2006 by Ho Bee Land. This was the very first condominium that was private to be built within Sentosa Cove. It was designed as a home that offers waterside living in a resort-style style The development was an important milestone for luxury condos and residents had access to amenities such as private yacht berths.
The 99-year condo is comprised of 15 low-rise blocks with six stories each. The units that are typical at the condo are comprised of two to four bedders that range from 1,012 square feet to 2,271 sq feet. There are penthouses with a total of 2,939 square feet and 6,028 sq feet.
The development is located near F&B outlets as well as retail stores located at Quayside Isle as well as One Degree 15 Marina Sentosa Cove. Other leisure and lifestyle amenities near by include ResortsWorld Sentosa Tanjong Golf Course, and malls such as VivoCity as well as Harbourfront Centre. In addition, the CBD is a mere 10 minutes drive from the CBD.
Most recently, the unit that changed over in The Berth by the Cove was on March 1st when a 1,173 sq. ft unit sold for $1.9 million ($1,615 per square foot). Based on caveats filed by the buyer, the unit was purchased in July 2013 at $1.82 million ($1,550 per sq ft) that means the seller made a profit of $77,000 from the deal. Prior to that, three units were sold in December. The units, which ranged approximately 1,668 and 1,884 square feet, were purchased at a price of the range of $2.45 million to $3.15 million on an absolute basis, or between $1,468 and $1.672 in a psf basis.