Sentosa Homes

Landed homes, Sentosa Cove

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Classical two-storey bungalow and private swimming pool on Cove Drive, Sentosa Cove

Landed · Cove Drive · Sentosa Cove

Landed in Sentosa Cove, open to foreign buyers.

Sentosa Cove is the only landed precinct in Singapore a foreign person may own. Mainland landed is not available to them. This house sits on Cove Drive: golf-course frontage, a private pool, and owner-occupation.

Guide price

S$30,000,000

Negotiable

Indicative

US$23.5m

US dollar figure is indicative only.

Cove Drive, Sentosa Cove, Singapore

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The house

Two-storey detached bungalow, classical / neo-colonial

This is a two-storey classical bungalow on Cove Drive, Sentosa Cove. Foreign buyers may own landed here; they cannot on the Singapore mainland.

The house itself is quiet. Classical elevations, a private pool, and the golf course as the frontage — not the marina. Unfurnished, not tenanted. Guide price S$30,000,000, negotiable. About US$23.5 million, labelled indicative.

LDAU approval for a foreign person or PR is for owner-occupation. This house is not for renting out.

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.

Golf course view from the house, Sentosa Cove
Classical two-storey bungalow and private swimming pool on Cove Drive, Sentosa Cove

Duty

PR, landed, and the 5% versus 60% gap

A first residential purchase as a Singapore PR is 5% additional buyer’s stamp duty. The same purchase as a foreigner is 60%. Rates depend on who buys, and on whether the purchase is a first home.

If you already own a Singapore residential property, PR second-property ABSD is 30%. A company or other entity pays 65% on any residential purchase. Buy in your own name.

A small set of FTA buyers are treated as Singapore citizens for ABSD: 0% on a first home, if the IRAS conditions are met.

Sketch of published IRAS ABSD rates for residential property. Not a tax opinion.
BuyerFirst homeSecondThird and further
Singapore citizen0%20%30%
Singapore PR5%30%35%
Foreigner (no FTA treatment)60%60%60%
Entity (company, not in personal name)65%65%65%
FTA buyer treated as a citizen0%20%30%

FTA treatment (IRAS rules)

  • Switzerland, Norway, Iceland, Liechtenstein: nationality or PR of that country.
  • United States: citizenship only. A US green card is not enough.
  • The purchase must be in a personal name. Entity ABSD is 65%.

On this guide price

Worked on S$30,000,000. Illustrative only.

PR, first residential: 5% ABSD is S$1.5 million.

Foreigner, no FTA: 60% ABSD is S$18 million.

Buyer’s stamp duty (BSD) is separate. Confirm the live IRAS rates and your profile with a solicitor before any offer.

This table is a sketch of published IRAS additional buyer’s stamp duty treatment, not tax advice and not an opinion on your facts. Rates and FTA remission follow IRAS. They can change.

Who can buy

Landed, for a foreign person, only here

Sentosa Cove is the only landed precinct in Singapore where a foreign person — including a permanent resident — may own a landed house, subject to Land Dealings Approval Unit (LDAU) approval under the Residential Property Act.

Approval is for owner-occupation. The house cannot be rented out. There is no yield story on this page, and no short-let angle.

This lot faces the golf course. It is not a marina or waterfront house, and it is not sold as sea-view living.

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吴威俊 Edwin Goh · Singapore

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