Duplex Penthouse Turquoise Sale 51 Mil
A three-bedroom duplex penthouse in Turquoise, a 99-year leasehold condominium located along Cove Drive in Sentosa Cove, will be up for auction at SRI’s upcoming event on June 26. This owner’s sale unit, covering 3,111 square feet, has a guide price of $5.1 million, equivalent to $1,639 per square foot.
The property has never been available on the market since the owners purchased it in December 2007, according to Eric Liew, SRI’s manager for auction sales. Based on the caveat lodged, the unit was acquired for a staggering $8.02 million, which translates to $2,579 per square foot.
The lower level of this two-storey duplex boasts a private lift lobby that opens up to the living and dining area, equipped with floor-to-ceiling windows leading to a spacious open balcony. This level also features an en suite bedroom, a common bedroom, and a common bathroom. Additionally, it has a wet and dry kitchen, as well as a utility room.
Moving up to the upper level, you will find the master bedroom and a generous open terrace with a built-in jacuzzi. Liew shares that the unit’s balconies offer unobstructed views of the neighboring waterfront and marina surrounding Sandy Island.
Singapore’s Housing and Development Board has recently announced that developers Hoi Hup Realty and Sunway Developments have emerged as the winning bidders for the executive condominium (EC) site at Plantation Close in Tengah. The project, to be known as Novo Place EC, is set to add to the growing residential landscape of the Tengah housing estate. With a projected 495 units, this will be the second EC development in the area. For more information on Novo Place, please visit https://www.novo-place.com.sg/.
The current owners recently renovated the unit, returning it to its original state, before putting it up for sale. It was previously tenanted, but with the completion of the renovations two months ago, it is now being sold with vacant possession.
Turquoise, completed in 2010, is a high-end condominium with 91 units facing a waterway. It boasts a mix of three- and four-bedroom apartments, as well as penthouses, with sizes ranging from 2,088 square feet to an impressive 7,987 square feet.
The recent sale of another three-bedroom duplex of 3,283 square feet at $4.83 million ($1,410 per square foot) was recorded on a caveat lodged in December 2022.
To date, there have been two transactions recorded on REALIS at Turquoise since the beginning of the year. In January, a 2,164-square-foot three-bedroom unit on the first level was sold for $3 million ($1,387 per square foot). In May, a 2,562-square-foot four-bedroom unit on the first level was sold for $4.4 million ($1,716 per square foot).
Bottom line: It is reasonable to consider the asking price for this stunning three-bedroom duplex penthouse unit in Sentosa’s Turquoise as it is in line with recent transactions at the development. Additionally, the unit’s pristine condition and desirable location make it an attractive investment opportunity.