Wednesday, June 16, 2010

Sentosa Cove home goes for $36 million

Despite much caution in the property market, a top-end bungalow at Sentosa Cove sold for a record-breaking $36 million, at $2,403 per sq ft. The home is understood to have a land area of 14,983 sq ft and a built-up area of about 17,000 sq ft.

The 99-year leasehold double-storey bungalow faces the waterway and has its own yacht berth and has been bought by a Chinese national, who is also a Singaporean permanent resident.

Compared to a nearby property sold in March at $19.38 million at $2,390 per sq ft with a smaller built up area of 8,105 sq ft, this bungalow certainly appears to be highly valued by its buyer.

As posted in by John

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