A four-bedroom-plus-study duplex penthouse at Seascape, a condo in Sentosa Cove, will be put up for auction on July 20 with a guide price of $7.8 million. This is an owner’s auction and is being handled by Mok Sze Sze, managing partner of the auction house Singapore Realtor’s Inc (SRI) who will handle the auction.
The penthouse is 4133 square feet and the price guide is $1,887 per square foot for the floor. “It is a very attractive price for a penthouse with more than the size of 4,000 square feet in Seascape,” says Mok.
Based on caveats that were lodged by the developer, the most recent time a unit with more than 4,500 sq feet changed hands at the building was November 2021. A four-bedroom, 4,069 sq ft apartment located on the 4th floor purchased to a buyer for $9.98 million ($2,453 per square foot).
The lower floor of the penthouse features an expansive eating and living space and a huge balcony with views of the ocean as well as wet and dry cooking areas, an exclusive sun deck and pool as well as a room for helpers and two bedrooms with en suite bathrooms and an area for powder. The second floor is the master suite that includes a study as well as an exclusive balcony with another bedroom with an en-suite. The apartment also has an exclusive lift lobby.
Mok states that the penthouse being auctioned is leased until February 28, 2025. the owner would like for a buyer to purchase the property in the meantime, despite the lease. The future buyer with an immediate income from rental.
Seascape is a 99-year leasehold condominium along Cove Way, constructed in the year 2011, by Ho Bee Land and IOI Properties Group. They also co-developed the luxurious condo Cape Royal close door, which was finished in 2013.
The Seascape comprises 151 units. Seascape includes two residential blocks of eight stories that comprise an assortment of four and three-bedroom homes ranging from 2,164 sq ft to 4,069 square feet. Additionally, there are 18 penthouses for four bedrooms that range from 3,380 sq ft to 4,252 sq ft plus two 5-bedroom homes, which span 6,631 and 9,665 sq ft, respectively.
The most recent unit to change ownership at Seascape is an area of 3,380 square feet, duplex penthouse. It was purchased at $5.5 million ($1,627 per square foot) on the 28th of April. Based on caveats filed the seller purchased the property at the expense of developer for $9.6 million in November of 2011 that is the $4.1 million loss from the deal.
SRI’s Mok states that units at Seascape will appeal to those looking for the lifestyle of a resort, thanks to the area’s natural surroundings and unobstructed ocean views. The community offers residents a peaceful and tranquil environment, with facilities are only two minutes away. Retail and F&B services are offered in close by Quayside Isle, and one Degree fifteen Marina Sentosa Cove. The VivoCity shopping mall located at HarbourFront Walk is a 10-minute drive from the area.