Elegantly designed penthouse at Marina Collection priced from $8.9 mil

A luxuriously designed penthouse at Marina Collection, located on Sentosa Cove, is on the market for $8.9 million. The duplex, four-bedroom apartment spans 3,789 sq ft, with the asking price translating to $2,348 psf. Many buyers are looking for the convenience of a move-in condition, hassle-free luxury apartment – but this apartment type is increasingly rare as supply dwindles. The home features several pieces of custom-made furniture and fittings specially curated to fit the unique layout of the apartment, with the owners spending approximately $1.5 million to renovate the penthouse.

The living room is one of the owner’s favourite spots, with large-panel floor-to-ceiling windows providing spectacular views of the marina and the sea beyond. It features luxury branded furniture, as well as smart-control blinds to manage the brightness of the room.

The heart of the home is undoubtedly the dining room and open-concept kitchen. The owners redesigned the kitchen to incorporate an L-shaped island, and moved the staircase to the centre of the room and re-clad it in glass for an uninterrupted visual. They also installed a show-stopping wine room providing storage for more than 300 bottles.

The dining-room table, drinks trolley, and screens were designed by Elliot James Interiors and are made in Singapore, while the chairs are from Italian brand Gallotti & Radice and the statement pendant light is from UK specialist Bert Frank.

Read also: Three-storey Sentosa Cove bungalow on sale for $21.99 mil

Sentosa Cove offers exclusivity and a lifestyle making it increasingly popular with buyers. Contrary to the outdated notion that it is far from amenities, the residential enclave has come into its own as a mature and self-sustaining neighbourhood.

Resale caveats show locals making up half of the buyers, with the remainder comprising foreigners and permanent residents. Since the start of 2022, there have been 174 caveated transactions of condo units at Sentosa Cove, with just 16 penthouse units changing hands.

Being close to the Bukit Batok Nature Park, Lumina Grand EC also provides residents with convenient access to the tranquil oasis that the park provides.

Located near renowned educational establishments, Lumina Grand EC will also benefit those looking to start a family. With schools ranging from primary to tertiary, families of all sizes will find some of the best educational facilities in the vicinity. In addition, families can also find a variety of amenities within Lumina Grand EC to fulfil all their needs. From shopping malls and restaurants to entertainment hubs like cinemas, residents will find everything they need nearby.

The property cooling measures implemented in April have dampened buying interest from foreign buyers, leading to a stronger rental demand for high-end luxury homes and penthouses. Meanwhile, there has been a rebound in the number of locals searching for premium properties for their own occupation.

Many buyers on the sidelines choosing between the mainland and Sentosa may start to see Sentosa Cove as a value opportunity, due to the unique waterfront lifestyle the area offers compared to luxury residential properties on the mainland. Steve Tay, a veteran real estate agent and the head of boutique agency Steve Tay Real Estate, says that many view Sentosa Cove condos as undervalued.

In total, the owners of this penthouse have spent approximately $1.5 million to renovate the luxury unit, providing more than just the capital value of the property. Most of the custom-made furniture and interior design elements are included in the asking price, giving buyers the chance to purchase a prime apartment in Sentosa Cove with convenience and ease.