On June 22, a five-bedroom, duplex penthouse at The Berth by the Cove will be up for auction. The 3,315 sq ft unit has an owner’s sale guide price of $4.8 million, which translates to $1,448 psf. Located in the residential enclave of Sentosa Cove, the 99-year leasehold condo has an outdoor rooftop terrace and a small pool.

On Wednesday June 22, Singapore Realtors Inc. (SRI) will be auctioning off a five-bedroom, duplex penthouse at The Berth by the Cove. Located on Sentosa Island’s prestigious Ocean Drive enclave, the 200-unit, 99-year leasehold complex features 15 low-rise blocks of six storeys each. With a guide price of $4.8 million, the unit is available for $1,448 psf.

The 3,315 sq ft unit has an existing tenancy that is set to expire in November. The lower floor comprises a lift lobby, dining and living areas, as well as four bedrooms, two of which are en suite. The upper floor features the en suite master bedroom, a walk-in wardrobe, and a 516 sq ft outdoor roof terrace with a small pool.

Residents can also enjoy comfortable walks around the flower-adorned paths and ponds.

The Altura EC Bukit Batok development is characterised by luxurious residential dwellings and impeccable amenities. It features a wide range of recreational and leisure facilities that offer ample opportunity for outdoor exploration and indulging in leisure activities. Residents can partake in activities such as jogging and cycling in the serene natural surroundings of Bukit Batok Nature Park, Bukit Batok Hillside Park, and Little Guilin. Relaxing walks around the flower-filled paths and ponds are also available. Those who prefer to stay active can have a go at the Civil Service Club @ Bukit Batok’s offerings, such as a gym, bowling alleys, swimming pools, and more.

Recent sales records of penthouse units in The Berth by the Cove, provided by URA caveats, show that the last two transactions for similar apartments in the complex occurred in 2021 and 2019. The first, a 6,028 sq ft penthouse unit, sold for nearly $7 million at a rate of $1,161 psf, while the second was a 3,369 sq ft unit that sold for $3.75 million ($1,113 psf).

Rents have also increased in recent times, with the median rent rising from $3.68 psf pm in 1Q2022 to $5.40 psf pm as of 1Q2023. EdgeProp Singapore data shows that landlords can expect an average rental yield of around 3.7% from the condo.

The Berth by the Cove’s amenity-rich location makes it more desirable. F&B outlets and retail offerings at Quayside Isle and One Degree 15 Marina Sentosa Cove are within easy access, while the CBD is a mere 10 minutes away by car. Other neighbouring condos include The Coast at Sentosa Cove, The Azure at Ocean Drive, and The Oceanfront @ Sentosa Cove, all of which have higher average prices than The Berth by the Cove.

The Berth by the Cove is a great opportunity for buyers looking to invest in a prime residential district. With its rental yields and its convenient and attractive location, the duplex penthouse is sure to draw in the crowds come auction day.