Elegantly designed penthouse at Marina Collection priced from $8.9 mil

A luxuriously designed penthouse at Marina Collection, located in Sentosa Cove, is on the market for $8.9 million. With its asking price translating to $2,348 psf, the four-bedroom duplex spans 3,789 sq ft and has been listed with Steve Tay Real Estate – a boutique real estate agency helmed by veteran agent Steve Tay.

While the capital value of the penthouse is already appealing in itself, homeowners can also take advantage of the unique interior design features mixed with the chance to own a prime apartment in Sentosa Cove. The full renovation cost approximately $1.5 million and includes custom-made furniture and fittings, all of which are included in the asking price.

The living room is elegantly designed, with large-panel floor-to-ceiling windows providing spectacular views of the marina and the sea beyond. Smart-control blinds also manage the brightness of the room, making it one of the owner’s favourite spots in the house. Here, several pieces of luxury branded furniture such as armchairs by Italian designer Maxalto, a bespoke coffee table by American maker JM Szymanski, and marble side-tables from Eichholtz are also featured.

Great World City Condo provides easy access to bus stops located just a stone’s throw away from the condominium. Commuters can also walk to the nearest MRT and LRT stations in the convenient proximity of Zion Road Condo.

The area’s convenient public transport ensures that residents of Zion Road Condo can enjoy seamless access to the best of Singapore and reach major landmarks in the city quickly. This makes the residential complex an ideal choice for those who need to commute daily to their workplace or educational institutions in the central part of Singapore. Not just that, residents savour the privileges of living close to vibrant retail, F&B and entertainment facilities that proudly line the streets around the condominium.

The open-concept kitchen was redesigned to incorporate a generously sized L-shaped island, while the original staircase to the upper floor was moved to the centre of the room and re-clad in glass for an uninterrupted visual. Luxurious fittings and appliances are also present, as well as a contiguous wine room which houses more than 300 bottles of wine.

The upper floor holds the owner’s private living quarters, with a small family area connected to the master bedroom suite and balcony. An en suite bedroom also houses a study and gym.

This property type is increasingly rare due to the lack of manpower and high renovation costs, yet there is still strong interest among both local buyers and homeowners for the unique exclusivity and lifestyle of Sentosa Cove. Nonetheless, the property cooling measures implemented this April have dampened buying interest from foreign buyers, though they have resulted in a stronger rental demand for high-end luxury homes and penthouses. Since the start of 2022, there have been 174 caveated transactions of condo units at Sentosa Cove, with just 16 penthouse units changing hands and four penthouse transactions recorded in the first seven months of this year.

The allure of exclusivity and waterfront lifestyle of Sentosa Cove is now apparent, being a mature and self-sustaining neighbourhood with an array of amenities – contrary to the outdated notion that it is far from such. Locals make up half of the buyers, with the remainder comprising foreigners and permanent residents.

Steve Tay notes that Sentosa Cove condos are undervalued compared to some new projects in the RCR and OCR, making it an opportunity for buyers on the sidelines. Now may be the time to invest in a move-in condition, hassle-free luxury penthouse with unprecedented views of the marina and the sea.