The Berth by the Cove is a 200-unit condominium with a 99-year leasehold along Ocean Drive in Sentosa Cove

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Altura price

A five-bedroom duplex penthouse in 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 of 3,315 square feet, the unit is listed with a guide price of $4.8 million, which is equivalent to $1,448 per square foot. In accordance with the property listing the property will be sold along with a tenancy that is scheduled to end in November.

Altura price amounting to $266 million, equivalent to $661.67 per square foot per plot ratio (psf ppr).

The lower level of the apartment has an elevator lobby that leads to the living and dining areas. The kitchen, which is enclosed and includes a utility room and is linked to the dining space. Four bedrooms are located on the lower level: Two have ensuite bathrooms and the other two share a bathroom. The upper floor houses the master bedroom with a private bathroom and a walk-in wardrobe and an outdoor 516 sq ft roof terrace that has an in-ground pool.

The Berth by the Cove is 200-unit, 99-year leasehold condo that is located along Ocean Drive in Sentosa Cove which is a residential enclave located on Sentosa Island. The development, which was completed in the year 2006, is among several condos that are located along Ocean Drive, including The Coast at Sentosa Cove and The Oceanfront @ Sentosa Cove. Other condos with a view of the ocean in Sentosa Cove include Cape Royale and Seascape.

The Berth by the Cove comprises 15 low-rise units with six stories each. The typical mix of units is between two and four bedroom units ranging from 1,012 sq ft up to 2,271 sq feet. There are penthouses too with sizes ranging from 2,939 sq feet to 6,028 sq feet.

Based on URA limitations Based on URA caveats, only two penthouses have changed hands over the last two decades. The owners of the other units have held the units they have since they purchased their units from the developer in 2005 and 2007. In August 2021 the 6,028 sq ft penthouse was sold for close to $7 million ($1,161 per square foot). Another penthouse that was 3,369 square feet unit, was purchased at $3.75 million ($1,113 psf) in June of 2019.

A look-up of rental information by EdgeProp Singapore over the past 12 months shows that the condo has an average rental of $4.90 per sq ft per month (pm). This means that landlords can expect to earn an implied yield on rental of approximately 3.7%.

The rents at The Berth by the Cove have risen recently. The median rate was $3.68 per square foot in the 1Q2022 period but it has risen to $5.40 per hour in 1Q2023. The rental data for the last 12 months shows that the typical rent for The Berth by the Cove is $4.92 per sq ft, slightly lower than its neighbors The Azure at Ocean Drive ($5.55 psf pm), The Coast at Sentosa Cove ($5.26 psf pm) as well as The Oceanfront at Sentosa Cove ($5.53 psf pm).

Based on the transactions of the past 12 months, these three developments also fetch more expensive price averages that The Berth by the Cove The average price is around $1,628 per square foot. Resales units at the Azure at Ocean Drive average $1,817 psf The those at The Coast at Sentosa Cove cost around $1,791 psf The cost at The Oceanfront @ Sentosa Cove is $1,901 per square foot.

The Berth by the Cove is close to F&B outlets and retail options in Quayside Isle as well as One Degree 15 Marina Sentosa Cove. Other leisure and lifestyle amenities close by include ResortsWorld Sentosa Tanjong Golf Course, and malls such as VivoCity as well as Harbourfront Centre. The CBD is just a 10-minute drive away.