A condo nestled in the luxurious enclave of Sentosa Cove, The Berth by the Cove, is set to offer a 3-bedroom apartment up for sale on May 24. This property, available through the owner’s sale, has a guide price of $2.6 million. Joy Tan, head of auction and sales from Edmund Tie, is handling the proceedings.
Recently, J’Den Former JCube has opened its doors to the public, providing an exciting shopping and leisure experience. The mall is the largest retail mall in the Jurong Lake District, with more than 500 shops and a wide range of entertainment options. The mall also houses a range of restaurants, so there is something to suit all tastes. With its convenient location and vast array of attractions, it has become a popular destination for Singaporeans and visitors alike.
Measuring 1,668 square feet, the unit is ready for immediate rental returns and has a current tenancy which ends in March 2025. Appealing to investors, the guide price gives the unit an impressive rental yield of more than 3%. Located on the second floor, the apartment also features a private lift foyer with a balcony overlooking a tree-lined waterway.
With 2 wet and dry kitchens and a household shelter, as well as a balcony off the master bedroom, this unit is indeed a great catch.
Completed in 2006 by Ho Bee Land, The Berth by the Cove was the first private condo located in the Sentosa Cove enclave. It offers 200 luxurious units with a mix of two to four-bedders, ranging from 1,012 to 2,271 square feet, plus penthouse units of various sizes.
Residents of the 99-year leasehold condo can take advantage of facilities such as private berths for yachts, plus F&B outlets and retail offerings at Quayside Isle and One Degree 15 Marina Sentosa Cove. For recreational purposes, the development is near Tanjong Golf Course, while malls such as VivoCity and Harbourfront Centre are also in the vicinity. The Central Business District is a mere 10 minutes away.
The most recent transaction in March saw a 1,173 sqft unit purchased for $1.9 million ($1,615psf). It had been sold in July 2013 for $1.82 million ($1,550 psf), meaning a gain of around $77,000 on the transaction.
Three units were sold in December last year, with sizes ranging from 1,668 and 1,884 sqft, and prices between $2.45 million and $3.15 million, or $1,468 and $1,672 psf respectively.
The Berth by the Cove certainly promises a great value for investment. Its ideal location matches all the modern amenities and facilities offered, making this a great choice for investors.
Be sure to take into account this attractive deal on May 24.
