Five Bedroom Bungalow Sentosa Market 139 Mil

Situated in the up-and-coming Tengah estate, Novo Place EC is a distinctive residence that offers contemporary facilities and convenient access to various educational institutions. This is especially attractive for families with children, as the vicinity boasts a diverse selection of schools ranging from early education centers to colleges and universities. In this article, we will take a closer look at some of the prominent schools near Novo Place EC and discover what sets each apart, making them alluring options for families. If you are interested in learning more about Novo Place EC, visit their website at Novo Place Hoi Hup.

here.Please rewrite the attached article:A magnificent detached house located on Pearl Island in Sentosa is set to be sold at the upcoming auction by SRI on July 31. The property, which boasts five bedrooms and a basement, sits on a 99-year leasehold and is being sold by its owner. Set on a sprawling plot of 7,287 sq ft, the guide price for this luxurious home is $13.9 million, with a land rate of $1,908 psf.The bungalow spans over 2 ½ storeys and covers an impressive 8,000 sq ft in built-up area. It features five en suite bedrooms, three additional bathrooms, a wet and dry kitchen, as well as a pool, private yacht berth, lift and dining area. The front car porch has space for two vehicles.On the ground floor of the bungalow, there are grand floor-to-ceiling windows, adding to the luxurious atmosphere of the property. The basement level features a wine cellar, a bomb shelter and an en suite helper’s room. Meanwhile, the rooftop terrace offers stunning views of the marina and waterways surrounding Pearl Island.The current owner of the property, who is selling to pursue other investment opportunities, is offering the bungalow with vacant possession. This marks its second appearance in SRI’s auction after being withdrawn from the previous one in August 2021 due to lack of bidders.Based on URA caveats, the property was last purchased by the current owner in November 2010 for $16 million, which is equivalent to a land rate of $2,200 psf. According to Eric Liew, manager for auction sales at SRI, the selling price reflects the owner’s motivation to sell.The most recent transaction on Pearl Island was in December 2023, when a bungalow at 2 Pearl Island was sold for $13.66 million, or $2,084 psf. SRI’s auction team is also marketing other landed properties on Sentosa, including a bungalow on Cove Drive and another on Cove Grove. The bungalow on Cove Drive was first listed in May this year with a guide price of $24.5 million, which was revised to $19.9 million at the June auction. This time, it will be listed at $17.9 million. The bungalow on Cove Grove has consistently been listed with a guide price of $39.8 million, but with no bidders in the previous auctions, it will remain at its current price for the upcoming auction at the end of July.The exclusive enclave of Sentosa Cove is the only area in Singapore where foreigners can own a bungalow. However, with the recent adjustments in property prices, even locals have been taking advantage of the opportunity to purchase properties in this prestigious location. So far this year, Realis has recorded 99 transactions in Sentosa, with an average price of $1,827 psf. Out of these, 94 were purchased by Singaporeans and permanent residents, while five were bought by foreigners. In comparison, in 2023, Sentosa saw 95 transactions with an average price of $2,064 psf, with Singaporeans and permanent residents accounting for 74 transactions and foreigners accounting for 20 transactions, and one transaction being made by a company. For the latest Sentosa Cove property listings, click here.