Three-bedroom unit at The Berth by the Cove for sale at $2.6 mil

The Myst CDL Aries also features a range of luxurious facilities, from a swimming pool to a barbecue pit, to make the living experience even better for its residents. With its great facilities and strategic location, The Myst Condo is definitely the perfect place to call home.

A three-bedroom apartment in the Sentosa Cove enclave of The Berth by the Cove, is set to go under the hammer on May 24th. The owner’s sale has a guide price of $2.6 million and will offer immediate rental returns of more than 3%, an attractive draw for investors. The unit measures 1,668 sq ft and is currently tenanted, with the tenancy due to end in March 2025.

The 99-year building was the first of its kind in Sentosa Cove, and is located close to a range of F&B establishments, malls, and recreational facilities. The 15 low-rise blocks, each six storeys tall, offer a range of two- to four-bedders ranging from 1,012 sq ft to 2,271 sq ft, as well as penthouse units between 2,939 sq ft and 6,028 sq ft.

Joy Tan, Head of Auction and Sale at Edmund Tie, who is handling the sale, notes that “This makes the unit an ideal opportunity for investors looking for immediate rental returns.”

The property is on the second floor, with a private lift foyer and a balcony towards a tree-lined waterway. It also features wet and dry kitchens, a household shelter, and a separate balcony attached to the master bedroom.

Recent transactions of Berth by the Cove units suggest that this sale may achieve a decent return for the current owner. In March, a 1,173 sq ft unit changed hands for $1.9 million ($1,615 psf), netting the seller a tidy gain of around $77,000. Before that, three units had changed hands in December, sold for between $2.45 million and $3.15 million, or between $1,468 and $1,672 psf.

On the whole, The Berth by the Cove offers luxury living fit for a resort, with private berths for yachts available to residents. While there are a wide range amenities and leisure spots in the vicinity – such as Resorts World, Tanjong Golf Course and malls like VivoCity and Harbourfront Centre – the CBD is just a short 10-minute drive away.

For a chance to own a piece of waterfront living in the Sentosa Cove enclave, be sure to check out The Berth by the Cove on May 24th. With potential rental returns of up to 3%, and the promise of a convenient lifestyle, the unit is certainly worth the watch!