Ceo Bioskin Mathilda Koh Pays 14155 Mil Bungalow Cove Drive

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The Residences at W sees strong response with 65 units sold at an average price of $1,780 psfBungalow on elevated site in Sentosa Cove Reflections sold for $35 milBethesda Church shophouse at 378 Upper Paya Lebar Road on sale for $5 millionWealthy Singaporeans emerge as biggest buyers of luxury homes in Sentosa Cove following cooling measures and money laundering caseWealthy individuals snapping up Sentosa Cove homes despite cooling measures, money laundering case: Agents by EdgeProp SGMathilda Koh, the CEO and founder of homegrown beauty salon Bioskin, has recently acquired a bungalow in the prestigious waterfront enclave of Sentosa Cove.Koh reportedly purchased the property at Cove Drive for $14.155 million, a price that translates to $1,777 per square foot (psf) based on the caveat lodged on September 2. The bungalow, which was built in 2011, sits on a 99-year leasehold site of 7,968 square feet and features a swimming pool. It boasts an unobstructed view of the award-winning Tanjong Golf Course at Sentosa Golf Club and the CBD skyline beyond. The previous owner had bought the property for $12.5 million ($1,569 psf) in April 2012.Another bungalow along Cove Drive was sold for over $20 million or close to $2,600 psf in July last year, although a caveat was not lodged for the deal.Read also: Rise in private home ownership among those under 35Mathilda Koh’s new bungalow at Cove Drive overlooks the Sentosa Golf Club’s Tanjong Golf Course and the CBD skyline (Photo: Samuel Isaac Chua/EdgeProp Singapore)Koh’s recent purchase at $1,777 psf is considered “very attractive” by industry experts. The beauty salon owner is no stranger to Sentosa Cove, as she already owns multiple properties in the area. She first bought a bungalow plot on Lakeshore View in 2006, paying $3.69 million for the 8,898 sq ft site which overlooks the Serapong Golf Course. After living in her custom-built bungalow for five years, she sold the property for $26 million ($2,922 psf) in June 2013, reportedly making a profit of $18 million. Her sale came just two days before the introduction of the total debt servicing ratio (TDSR) loan framework on June 28, 2013, which kicked in the next day. Four months later, in October of the same year, Koh bought a 10,198 sq ft waterfront bungalow at Cove Way for $17.5 million ($1,716 psf).In 2019, Koh is said to have added a unit at the Seascape luxury condo to her portfolio, purchasing a 2,336 sq ft, seafront three-bedroom unit for $3.1 million ($1,327 psf), well below the $6.26 million ($2,682 psf) the previous owner paid. The unit is believed to be held for investment purposes.Mathilda Koh, CEO and founder of homegrown beauty salon Bioskin, owns multiple properties in Sentosa Cove (Photo: Bioskin website)Before Koh’s recent purchase, another notable bungalow deal was the sale of a 19,551 sq ft vacant bungalow plot at 69 Ocean Drive for over $20 million in July 2020. OCBC had put the property up for auction twice before finally finding a buyer. The first time it was put up for auction by Edmund Tie in April 2020, it was priced at $27.1 million ($1,386 psf) but was withdrawn after failing to find a buyer. It was put up for auction again in May 2020 at $26.5 million ($1,355 psf) before it was finally sold for just over $20 million. The bungalow was previously owned by Su Baolin, one of the 10 individuals arrested and charged in the $3 billion money laundering case in Singapore. Su had paid over $39.3 million ($2,012 psf) for the property, based on a caveat lodged in March 2020.Further down Ocean Drive, a Balinese-style bungalow on an 8,675 sq ft site fronting the sea changed hands for $16 million ($1,844 psf) in February, based on a lodged caveat. In December 2020, a bungalow on a 6,555 sq ft site at Pearl Island fronting the waterway was sold for $13.66 million ($2,084 psf). The transactions were brokered by Bruce Lye, co-founder and managing partner of SRI, according to industry sources.Read also: New launch of 10 strata villas at The Green Collection from $1,190 psfThe Balinese-style bungalow along Ocean Drive fetched $16 million ($1,844 psf) in a sale transaction in February (Photo: Albert Chua/EdgeProp Singapore)Another deal that stood out was the sale of a bungalow at Lakeshore View on an 8,401 sq ft site for $22 million ($2,619 psf) in November 2020.Several other bungalows in Sentosa Cove have been sold over the past two years, but the owners did not lodge a caveat with URA, meaning the transactions did not get reflected in official data.”In light of the property cooling measures in April 2021 and the money laundering case in August last year, wealthy Singaporeans who recognise the value and long-term potential of Sentosa Cove have emerged as the biggest buyers of luxury homes on the island,” says Bruce Lye of SRI.AdvertisementMathilda Koh’s recent purchase of the bungalow at Cove Drive for $14.155 million ($1,777 psf) in September 2023 (Source: EdgeProp Landlens)5 minute read Singaporean Mathilda Koh, CEO and founder of homegrown beauty salon Bioskin, has recently added to her Sentosa Cove property portfolio with the purchase of a bungalow at Cove Drive. The property was sold for $14.155 million ($1,777 psf) based on a caveat lodged on September 2.The bungalow was built in 2011 and sits on a 99-year leasehold site of 7,968 sq ft. It comes with a swimming pool and has an uninterrupted view of the award-winning Sentosa Golf Club’s Tanjong Golf Course and the CBD skyline beyond. The previous owner had purchased the property for $12.5 million ($1,569 psf) in April 2012.Another bungalow along Cove Drive was sold for over $20 million or close to $2,600 psf in July 2023, although a caveat was not lodged for the deal.Read also: Rise in private home ownership among those under 35The view of the award-winning Sentosa Golf Club’s Tanjong Golf Course and the CBD skyline from a bungalow at Lakeshore View (Photo: Samuel Isaac Chua/EdgeProp Singapore)Koh’s recent purchase at $1,777 psf is considered “very attractive” by industry experts. She is no stranger to Sentosa Cove, as she already owns multiple properties in the area. She first bought a bungalow plot on Lakeshore View in 2006, paying $3.69 million for the 8,898 sq ft site which overlooks the Serapong Golf Course. After living in her custom-built bungalow for five years, she sold the property for $26 million ($2,922 psf) in June 2013, reportedly making a profit of $18 million. Her sale came just two days before the introduction of the total debt servicing ratio (TDSR) loan framework on June 28, 2013, which kicked in the next day. Four months later, in October of the same year, Koh bought a 10,198 sq ft waterfront bungalow at Cove Way for $17.5 million ($1,716 psf).In 2019, Koh is said to have added a unit at the Seascape luxury condo to her portfolio, purchasing a 2,336 sq ft, seafront three-bedroom unit for $3.1 million ($1,327 psf), well below the $6.26 million ($2,682 psf) the previous owner paid. The unit is believed to be held for investment purposes.Mathilda Koh, CEO and founder of homegrown beauty salon Bioskin, owns multiple properties in Sentosa Cove (Photo: Bioskin website)Before Koh’s recent purchase, another notable bungalow deal was the sale of a 19,551 sq ft vacant bungalow plot at 69 Ocean Drive for over $20 million in July 2023. OCBC had put the property up for auction twice before finally finding a buyer. The first time it was put up for auction by Edmund Tie in April 2023, it was priced at $27.1 million ($1,386 psf) but was withdrawn after failing to find a buyer. It was put up for auction again in May 2023 at $26.5 million ($1,355 psf) before it was finally sold for just over $20 million. The bungalow was previously owned by Su Baolin, one of the 10 individuals arrested and charged in the $3 billion money laundering case in Singapore. Su had paid over $39.3 million ($2,012 psf) for the property, based on a caveat lodged in March 2023.Further down Ocean Drive, a Balinese-style bungalow on an 8,675 sq ft site fronting the sea changed