Elegantly designed penthouse at Marina Collection priced from $8.9 mil

A luxuriously designed four-bedroom penthouse at Marina Collection, located on Sentosa Cove, is on the market for $8.9 million. Coupled with a shortage of manpower, the costs of extensive renovations have risen at least two-fold over the past few years and many more buyers are now looking for the convenience of a move-in condition, hassle-free luxury apartment. The property, with an asking price translating to $2,348 psf, is listed with Steve Tay Real Estate. Not only is the potential to acquire a prime apartment in Sentosa Cove, but homeowners are getting more than just the capital value of the penthouse – The home features several pieces of custom-made furniture and fittings specially curated to fit the unique layout, specified with a luxurious airy and brightly lit living space. This includes smart-control blinds to manage the brightness, and a show-stopping wine room which stores more than 300 bottles of wine. Most of the custom-made furniture and interior design elements are included in the asking price, with the owners spending approximately $1.5 million to renovate the penthouse.Jac Ong, senior associate director at STRE and the agent managing the sale of the penthouse, stresses that only a few unit stacks at Marina Collection enjoy unblocked views of the marina and the sea. There is also a private lift, with the living room featuring several pieces of luxury branded furniture and marble side-tables from Eichholtz. The open-concept kitchen includes a generously sized L-shaped island, with the dining area able to accommodate a Steinway grand piano. The architectural consideration of the layout is evident from the ease of flow throughout the home. The upper floor holds the owner’s private living quarters, with a small family area leading to a private balcony and swimming pool, the en suite master bedroom suite, and an en suite bedroom that has been converted into a study and gym.Sentosa Cove is garnering strong interest among local buyers and homeowners, and contrary to the outdated notion, the residential enclave has come into its own as a mature and self-sustaining neighbourhood. Resale caveats of non-landed transactions show that locals make up half of the buyers, with the remainder comprising foreigners and permanent residents. Since the start of 2022, there have been 174 caveated transactions, with the most recent being the sale of a 4,768 sq ft penthouse at Cape Royale for $10.86 million ($2,277 psf). Property cooling measures have resulted in a stronger rental demand for high-end luxury homes and penthouses, while there has been a rebound in the number of locals returning to the Sentosa Cove market. The allure of exclusivity and the lifestyle of Sentosa Cove is indeed proving to be alluring.

The allure of exclusivity and the lifestyle of Sentosa Cove is proving to be alluring, as a luxuriously designed four-bedroom penthouse located on the Marina Collection in Sentosa Cove is now up for sale for a whopping $8.9 million. That translates to approximately $2,348 psf, with the penthouse being listed with Steve Tay Real Estate, a new boutique agency helmed by veteran real estate agent Steve Tay.

The URA is also upgrading an existing development nearby, Woodlands Champions Way Condo, to offer a high-end lifestyle for residents. The development, to be constructed in two phases, will feature an array of luxury amenities such as an infinity pool, gym, spa, and clubhouse. Woodlands Champions Way Condowill also include a shopping mall and many restaurants that will further improve the area. Through these initiatives, the URA seeks to promote a vibrant, livable, and family-friendly community in the Woodlands Park area.

The advantages of the penthouse outshine just the capital value. Many of the custom-made furniture and interior design elements are included in the price, along with the owners having spent about $1.5 million to renovate the apartment. The large-panel floor-to-ceiling windows provide spectacular views of the marina and the sea beyond.

The architectural consideration of the layout is very efficient for the 3,789 sq ft duplex unit, while the open-concept kitchen and dining room highlight a wine room and grand piano. Adding to the luxurious feel of the penthouse is the custom-made furniture throughout, including armchairs by Italian designer Maxalto, and marble side-tables from Eichholtz.

Contrary to the outdated notion, Sentosa Cove is far from amenities, but rather has come into its own as a mature and self-sustaining neighbourhood. In fact, locals make up half of the buyers of resale transactions of non-landed properties in Sentosa Cove, with the remainder comprising foreigners and permanent residents.

Property cooling measures implemented in April have dampened buying interest from foreign buyers, but have resulted in a stronger rental demand for high-end luxury homes and penthouses, with many buyers seeing Sentosa Cove as a value opportunity.

For homeowners looking for the convenience of a move-in condition, hassle-free luxury apartment, this penthouse at Marina Collection is increasingly rare as supply dwindles. Check out the latest listings for Marina Collection properties.