Bungalow on Lakeshore View in Sentosa Cove sold for $15.5 mil

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/ EdgeProp
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August 13, 2017 9:00 AM SGT
Updated, Aug 14, 2017, 6:01 p.m., to add date on which $15.5 million Lakeshore View transaction was lodged.
In Sentosa Cove, a bungalow on Lakeshore View was recently sold for $15.5 million, according to a caveat lodged with URA Realis on July 28. Based on the land area of 8,579 sq ft, the price translates into $1,807 psf. The sale was brokered by Steve Tay, a luxury bungalow specialist in Sentosa Cove and vice-president of resale at CBRE Realty. The buyer is believed to be a Chinese businessman who is a Singapore permanent resident (PR).
The house is just one of 19 on Lakeshore View that is on elevated ground, with views of the Serapong golf course, the saltwater lake and the sea beyond. The seller, a Hong Kong businessman, had spent $7 million building the house on Lakeshore View, and another $2 million on its interiors. The house has a builtup area of more than 8,000 sq ft.
As the house is a holiday home, it was designed with the highest specifications. The gourmet kitchen alone cost at least $500,000. The flooring throughout the house is of marble and natural stone imported from Italy. The living room comes with a 15m triple-volume ceiling and a customised display wall for collectibles and books.
A bungalow at Lakeshore View in Sentosa Cove was recently sold for $15.5 million ($1,807 psf)
View of the Serapong golf course and the lake beyond from the living room of the bungalow
“Sentosa Cove continues to be the only location in Singapore where Singapore PRs and foreigners can purchase landed property,” says CBRE’s Tay. Transactions in Sentosa Cove have picked up this year.
So far this year, based on caveats lodged, nine bungalows in Sentosa Cove have been sold for a total...