Landed · Cove Drive · Sentosa Cove
A golf-course bungalow on Cove Drive, Sentosa Cove
Five bedrooms on 15,400 sq ft of land, facing the golf course.
Sentosa Cove is the only landed precinct in Singapore a foreign person may own, subject to LDAU approval for owner-occupation. Mainland landed is generally closed to them. This two-storey bungalow on Cove Drive has direct golf-course frontage and a private pool.
Guide price
S$30,000,000
Negotiable
Indicative
US$23.5m
US dollar figure is indicative only.
The house
A landed bungalow on Cove Drive, Sentosa Cove
Two-storey detached bungalow, classical / neo-colonial
This is a two-storey classical bungalow on Cove Drive, completed in December 2011. It stands on 15,400 square feet of land with about 7,534 square feet of built-up space, and it has five bedrooms, six bathrooms, a private pool and direct frontage onto the golf course.
The house faces the golf course rather than the water, so it is not a waterfront house and is not sold with a marina berth. It is unfurnished and has no tenant. The guide price is S$30,000,000, negotiable, which is about US$23.5 million.
How golf-course houses compare with waterfront houses in the Cove is explained in Sentosa Cove bungalows.
A foreign or PR buyer needs LDAU approval, which requires the owner to live in the house, so it cannot be rented out. A Singapore citizen buyer does not need LDAU approval.
- Type
- Two-storey detached bungalow
- Style
- Classical / neo-colonial
- Location
- Cove Drive, Sentosa Cove
- District
- 04
- Land
- 15,400 sqft
- Built-up
- 7,534 sqft (about 700 sqm)
- Bedrooms
- 5
- Bathrooms
- 6
- Pool
- Private swimming pool
- Aspect
- Direct golf-course frontage and views
- Tenure
- 99-year leasehold
- TOP
- December 2011
- Condition
- Unfurnished, not tenanted
- Guide price
- S$30,000,000 negotiable
Main hall
A double-volume hall, the formal centre of the house.
Level 2 bedrooms
Four ensuite bedrooms on the second storey.
Study
Study on level 1, convertible to a fifth bedroom or nanny room.
Staff and service
Two maid's rooms and a laundry.
Dining and kitchen
Asian dining and a wet kitchen.
Media room
A media and entertainment room, separate from the main hall.
Photographs
The Cove Drive bungalow, inside
Stamp duty
Stamp duty on this house
Additional buyer’s stamp duty (ABSD) depends on who is buying and how many homes they already own, and on a house at this price the difference is large. A Singapore permanent resident (PR) buying a first home pays 5%, while a foreigner pays 60%.
A PR who already owns a Singapore home pays 30% on a second one. A company or other entity pays 65% on any residential purchase.
Nationals of a few countries with free trade agreements (FTAs) with Singapore pay ABSD at Singapore citizen rates, which is 0% on a first home when the IRAS conditions are met.
| Buyer | First home | Second | Third and further |
|---|---|---|---|
| Singapore citizen | 0% | 20% | 30% |
| Singapore PR | 5% | 30% | 35% |
| Foreigner (no FTA treatment) | 60% | 60% | 60% |
| Entity (company, not in personal name) | 65% | 65% | 65% |
| FTA buyer treated as a citizen | 0% | 20% | 30% |
Who gets FTA treatment
- Nationals and permanent residents of Switzerland, Norway, Iceland and Liechtenstein.
- Citizens of the United States. A US green card is not enough.
- In every case the purchase must be made in the buyer’s own name.
At the S$30,000,000 guide price
Illustrative figures for a buyer’s first residential property.
Singapore PR · ABSD of S$1.5 million
Foreigner without FTA treatment · ABSD of S$18 million
Buyer’s stamp duty (BSD), which every buyer pays, adds about S$1.74 million at this price.
These figures follow the published IRAS rates and are not tax advice. Rates can change, so confirm your own position with a solicitor before making an offer.
Who can buy
Who can buy this house
Sentosa Cove is the only landed precinct in Singapore a foreign person may own, subject to LDAU approval for owner-occupation. Mainland landed is generally closed to them.
The Land Dealings Approval Unit (LDAU) grants approval on condition that the owner lives in the house, so a foreign or PR owner cannot rent it out. A Singapore citizen does not need LDAU approval.
The house stands on about 1,431 square metres of land, within the 1,800 square metre limit the Singapore Land Authority sets for foreign purchases in Sentosa Cove.
Buying
Questions on this Sentosa Cove landed bungalow
- What is this house?
- A two-storey classical bungalow on Cove Drive with direct golf-course frontage and a private pool. It has 15,400 sq ft of land, about 7,534 sq ft of built-up space, five bedrooms and six bathrooms, and the guide price is S$30,000,000, negotiable. The guide chapter on Sentosa Cove bungalows explains how this type of house compares with others in the Cove.
- Is this a waterfront house with a berth?
- No. The house faces the golf course, not the water, and it is not sold with a marina berth. Golf club membership is also separate from the house.
- Who can buy this house?
- Singapore citizens, permanent residents and foreigners. Permanent residents and foreigners need approval from the Land Dealings Approval Unit (LDAU), and the house’s land area of about 1,431 square metres is within the 1,800 square metre limit for foreign purchases in Sentosa Cove. The rules are set out in Singapore landed for foreigners.
- Can the house be rented out?
- Not by a foreign or PR owner, because LDAU approval requires the owner to live in the house. A Singapore citizen owner is not bound by that condition.
- What is the tenure, and when was the house completed?
- The land is held on a 99-year lease, and the house received its Temporary Occupation Permit (TOP) in December 2011. It is unfurnished and has no tenant. The remaining years on the lease are stated on the title.
- What stamp duty would a buyer pay?
- It depends on the buyer. At the S$30,000,000 guide price, every buyer pays buyer’s stamp duty of about S$1.74 million. Additional buyer’s stamp duty on a first home is nothing for a Singapore citizen, S$1.5 million for a PR and S$18 million for a foreigner without FTA treatment. The full table is in the stamp duty section on this page.
- How do I arrange a viewing?
- Contact Edwin Goh (CEA R044074H, PropNex Realty Pte Ltd) by WeChat, WhatsApp, email at edwingoh@sentosacovehome.com, or phone on +65 9004 5827. Viewings are arranged in advance because visitors must be registered at the Cove gates. The guide chapter on buying in Sentosa Cove sets out the steps from viewing to completion.
Viewing
WeChat, WhatsApp, a call, or email.
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吴威俊 Edwin Goh
吴威俊 Edwin Goh · Singapore
edwingoh@sentosacovehome.com
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