Published in NST on July 6, 2018
LIST Sotheby’s Singapore is representing a house that is selling for S$20.8 million (RM64.84 million) or S$2,378 per square ft (psf) in Sentosa Cove, Singapore’s first oceanfront development and most exclusive real estate.
The two-storey bungalow on 65 Ocean Drive has a land area of 8,746 sq ft with a picturesque view of the sea.
List Sotheby’s Singapore said that the property is being sold fully fitted and unfurnished.
While it does seem like a high price to pay for the property, it must be noted that a bungalow (9,580 sq ft) on 181 Ocean Drive sold last September at a near-record price of S$28 million or S$2,923 psf.
The high price was reportedly supported by the extensive interior design and fittings.
According to List Sotheby’s Singapore, this property is located on the same row as to the subject property and also commands a view of the sea.
The firm told NST Property that in relation to a handful of comparable sales transactions in the first five months of this year, their prices were lower than the subject property.
“The reason is due to a relatively less superior orientation as some of the bungalows faced the inner waterway. The subject property will be able to fetch a premium as it has an unobstructed view of the Straits of Singapore.
“Moreover, its value is further enhanced by its quality finishes, unique layout and generous living space,” said the firm.
List Sotheby’s Singapore said the target markets for the 65 Ocean Drive property are both local and international buyers.
Foreigners are targeted as they can buy and own landed properties although government approval was still required.
A house with meticulous planning
From an architect’s view point, the 65 Ocean Drive property is a confluence on elements and styles.
It is a breathing sensitive space in the strong frame of raw wood, polished steel and fair-faced concrete.
The major rooms in the house open out to the rear to take opportunity of the boundless view of the sea.
Fronting the house is the waterway while the rear faces the sea.
In terms of spatial configuration, the design plays with triple, double and single height spaces.
The entrance to the house is through a triple height foyer, where the sky is visible through the glass skylight.
The open staircase concept allows residents a glimpse of the sea.
The living area has double height space with expansive glass panels from where one can enjoy the pool and the sea in the background.
The dining area, which opens out to the covered terrace, is linked by the timber bridge that cuts through the main staircase.
LIST Sotheby’s Singapore is representing a house that is selling for S$20.8 million (RM64.84 million) or S$2,378 per square ft (psf) in Sentosa Cove, Singapore’s first oceanfront development and most exclusive real estate.
The two-storey bungalow on 65 Ocean Drive has a land area of 8,746 sq ft with a picturesque view of the sea.
List Sotheby’s Singapore said that the property is being sold fully fitted and unfurnished.
While it does seem like a high price to pay for the property, it must be noted that a bungalow (9,580 sq ft) on 181 Ocean Drive sold last September at a near-record price of S$28 million or S$2,923 psf.
The high price was reportedly supported by the extensive interior design and fittings.
According to List Sotheby’s Singapore, this property is located on the same row as to the subject property and also commands a view of the sea.
The firm told NST Property that in relation to a handful of comparable sales transactions in the first five months of this year, their prices were lower than the subject property.
“The reason is due to a relatively less superior orientation as some of the bungalows faced the inner waterway. The subject property will be able to fetch a premium as it has an unobstructed view of the Straits of Singapore.
“Moreover, its value is further enhanced by its quality finishes, unique layout and generous living space,” said the firm.
List Sotheby’s Singapore said the target markets for the 65 Ocean Drive property are both local and international buyers.
Foreigners are targeted as they can buy and own landed properties although government approval was still required.
A house with meticulous planning
From an architect’s view point, the 65 Ocean Drive property is a confluence on elements and styles.
It is a breathing sensitive space in the strong frame of raw wood, polished steel and fair-faced concrete.
The major rooms in the house open out to the rear to take opportunity of the boundless view of the sea.
Fronting the house is the waterway while the rear faces the sea.
In terms of spatial configuration, the design plays with triple, double and single height spaces.
The entrance to the house is through a triple height foyer, where the sky is visible through the glass skylight.
The open staircase concept allows residents a glimpse of the sea.
The living area has double height space with expansive glass panels from where one can enjoy the pool and the sea in the background.
The dining area, which opens out to the covered terrace, is linked by the timber bridge that cuts through the main staircase.
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