A five-bedroom duplex penthouse located at the Berth by the Cove will be auctioned off at the Singapore Realtors Inc’s (SRI) auction on June 22. A private sale by the owner, the 3,315 square feet unit is listed with an estimated price that is $4.8 million, translating into $1,448 per square foot. In accordance with the property description, the property could be purchased with a tenancy which is scheduled that expires in November.
Grand Dunman architect tender for Grand Dunman, a Government Land Sales (GLS) site, has closed after SingHaiyi Group submitted the winning bid of $1.284 billion.
The lower level of the apartment has an elevator lobby with a private entrance which leads to the living and dining spaces. The kitchen, which is enclosed and includes a utility area that is connected to the dining space. Four bedrooms are located on the lower level: two are ensuite, and the other bedrooms share a common bathroom. The upper floor houses the master bedroom that has an en suite and a walk-in wardrobe as well as a 516 square foot outdoor roof terrace, which also has an in-ground pool.
The Berth by the Cove is 200-unit, 99-year leasehold condominium along Ocean Drive in Sentosa Cove The residential enclave located on Sentosa Island. The project, which was completed on the 1st of June 2006, was among a handful of condos on Ocean Drive, including The Coast at Sentosa Cove and The Oceanfront @ Sentosa Cove. Other condos with a view of the ocean situated in Sentosa Cove include Cape Royale and Seascape.
The Berth by the Cove comprises 15 low-rise units with six stories each. The common unit mix comprises two to four bedroom homes that span from 1,012 sq ft up to 2,271 sq feet. Penthouses are also available that range from 2,939 sq feet to 6,028 sq feet.
Based on URA limitations According to URA caveats, just two penthouse units changed hands over the last two decades. Other owners have hung their units after purchasing their units from the developer in 2005 and 2007. In August 2021 a 6,028 square feet penthouse was purchased for $7 million ($1,161 per square foot). A penthouse with 3,369 sq ft space was purchased at $3.75 million ($1,113 per square foot) in June of 2019.
A review of rental data from EdgeProp Singapore over the past twelve months shows that the condo is renting an average of $4.90 per sq ft each month (pm). This means that the majority of landlords can anticipate an implicit rental return of approximately 3.7%.
The rents for The Berth by the Cove have increased recently. Its median rate was $3.68 per square foot in the 1Q2022 period but it was $5.40 per square foot in 1Q2023. The rental data for the last twelve months shows that the average rent for The Berth by the Cove is $4.92 per sq ft, which is lower than its neighboring properties The Azure in Ocean Drive ($5.55 psf pm), The Coast at Sentosa Cove ($5.26 psf pm) as well as The Oceanfront @ Sentosa Cove ($5.53 per hour).
Based on the transactions of the past 12 months, the three developments also have greater price averages over The Berth by the Cove The average is around $1,628 per sq ft. Resales units at the Azure located at Ocean Drive average $1,817 psf and those at The Coast at Sentosa Cove cost around $1,791 psf and the median cost of The Oceanfront @ Sentosa Cove is $1,901 per square foot.
It is located in the Berth by the Cove is close to F&B stores and retail options in Quayside Isle as well as One Degree 15 Marina Sentosa Cove. Other facilities for leisure and recreation close by include Resorts World Sentosa Tanjong Golf Course, and malls such as VivoCity as well as Harbourfront Centre. The CBD is just a 10 minute drive from the CBD.