SINGAPORE (Mar 19): A 2,411 sq ft, four-bedroom unit at Sentosa Cove condominium Turquoise will be put up for mortgagee sale at Knight Frank’s auction on March 20. The unit on the fourth floor has a guide price of $3.55 million ($1,472 psf) to $3.7 million ($1,535 psf). If it goes under the hammer, it will mark the fifth successful mortgagee sale at Sentosa Cove since the start of 2017.

The 91-unit Turquoise has seen 13 transactions over the past five years, of which seven were mortgagee sales. The most recent one involved the unit next to the subject unit. The 2,433 sq ft unit was auctioned for $3.59 million ($1,476 psf) on Jan 29. It was purchased at $6.29 million ($2,586 psf) in 2007, according to URA caveat data.

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