A trio of luxurious duplex penthouses at Turquoise, a 91-unit waterfront condo at Sentosa Cove, are now on the market for $23 million. The largest of the three penthouses spans 7,987 sq ft and comprises five bedrooms, making it the biggest among the ten penthouses in the 99-year leasehold development.
The penthouse boasts a wine cellar, kitchen, and living area on the lower level, as well as four en suite bedrooms, two utility rooms, and a balcony. The upper level features the master bedroom suite, complete with a private infinity pool, pool deck, and outdoor shower. This unit is priced at $12 million ($1,502 psf).
Next is a 3,746 sq ft, four-bedroom penthouse listed at $5.99 million ($1,599 psf). The upper level of this unit features a large open-air terrace with a built-in jacuzzi and unobstructed views of Sandy Island and Sentosa’s southern waterfront.
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The last penthouse for sale is a 3,111 sq ft, three-bedroom unit with a guide price of $5 million ($1,607 psf). All three penthouses are located on the sixth floor and boast private lift lobbies, wet and dry kitchens, floor-to-ceiling windows, open balconies, and attached ensuites for each bedroom.
Amenities for residents at Turquoise include a gym, barbeque pits, a swimming pool, a steam room, and 21 private berths. Developed by Ho Bee Land, the 99-year leasehold Turquoise was completed in 2010 and comprises 91 units spread across three six-storey blocks. Typical units are a mix of three- and four-bedroom apartments, with sizes ranging from 2,088 sq ft to 3,764 sq ft for penthouses and sky villas.
The developer still owns the largest penthouse, a 7,987 sq ft, five-bedroom duplex that is currently on the market for $12 million. Based on URA caveats, the second-largest penthouse, a 3,746 sq ft, four-bedroom unit, was purchased by a Korean national for about $9.5 million ($2,545 psf) in 2007 when Turquoise was launched. The three-bedroom duplex penthouse of 3,111 sq ft was purchased by an African national for just over $8 million ($2,579 psf) in the same year based on lodged caveats.
Michele Cabasug, senior associate VP at List Sotheby’s International Realty, noted that when the project first launched, foreign buyers were attracted to these waterfront homes as investment and holiday homes. However, the current market trend has shifted, with more buyers looking for a primary residence at Sentosa Cove.
When the project was first launched, 59% of the initial buyers were foreign nationals, with Singaporeans making up just 25.6% and PRs accounting for 12.8%. The remaining unit was purchased by a company. Today, Singaporean buyers make up 57.4% of the transactions at Turquoise, followed by PRs at 32.3%, and foreign buyers at 8.8%.
Cabasug also noted that the increased prevalence of working from home in recent years has improved buyers’ sentiments about purchasing a home in Sentosa, with some looking for a slower pace of life and others attracted to the island’s family-friendly environment.
Ho Bee Land was a first-mover in Sentosa Cove, developing Turquoise, The Berth by the Cove, The Coast, Seascape, and Cape Royale. It also developed the bungalows at Coral Island and Paradise Island, two of the four man-made islands at Sentosa Cove.