Mortgagee sale of five-bedroom, dual-key unit at Marina Collection for $5.7 mil

/ EdgeProp Singapore |
The 3,272 sq ft apartment at Marina Collection will be put up for auction on Dec 15 (Picture: Samuel Isaac Chua/The Edge Singapore)
Join our  Telegram  channel and follow our  Facebook  for the latest update.
SINGAPORE (EDGEPROP) - A five-bedroom, dual-key unit at the luxury condominium Marina Collection, located in the Sentosa Cove residential enclave, will be put up for auction on Dec 15 by SRI. A mortgagee sale, the property has a guide price of $5.7 million, which works out to $1,742 psf based on its total floor area of 3,272 sq ft. The unit was first put up for auction by SRI on Nov 18 and has yet to find a buyer.
The property comprises a four-bedroom apartment and a separate studio apartment with its own entrance. Located on the first floor, the unit has views overlooking the marina. It also comes with a private lift lobby and a private pool. The four-bedroom apartment features a spacious living area that overlooks the pool and an outdoor deck. There is also a dining area, dry and wet kitchens, a service yard and a utility room. In addition to the master bedroom, there is another en suite bedroom, while two other bedrooms share a common bathroom. Meanwhile, the studio apartment has a bathroom and a kitchenette.
Completed in 2011, Marina Collection is a 99-year leasehold development by Indonesian conglomerate Lippo Group. Located along Cove Drive, adjacent to One Degree 15 Marina Sentosa Cove, it has 124 units spread across three 4-storey blocks.
Advertisement
resale transactions Marina Collection - EDGEPROP SINGAPORE
Eight units at Marina Collection have changed hands this year based on caveats lodged. The most recent sale was on Nov 10, when a 3,412 sq ft unit on the fourth floor was sold for $5.05 million, or $1,480 psf. On July 18, a 3,789 sq ft unit was sold for $7.15 million ($1,887 psf). This sale marked the highest transaction recorded at Marina Collection on a psf price basis since January 2020, when a 3,412 sq ft unit was sold for $6.5 million ($1,905 psf). Other units sold at Marina Collection this year measured between 2,185 sq ft and 3,940 sq ft, with prices ranging from $3.7 million to $7.1 million on an absolute basis or between $1,693 psf and $1,847 psf.
Marina Collection is located near F&B outlets and retail offerings at Quayside Isle and One Degree 15 Marina Sentosa Cove. It is just a 10-minute drive to VivoCity and the CBD.
price trends at Marina Collection - EDGEPROP SINGAPORE
Transacted price trends at Marina Collection (Source: EdgeProp Research)
Check out the latest listings near Marina Collection, Sentosa Cove

Follow Us
Follow our channels to receive property news updates 24/7 round the clock.
EdgeProp Telegram
EdgeProp Facebook
Subscribe to our newsletter

Our Site

Popular Projects

Condos

Landed

Commercial

Industrial

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

View More