Kong Hee's $10m Sentosa Cove penthouse up for sale
Property hunters, are you:
Looking for a high-end address
Eager to live in Sentosa Cove
Want to wake up to panoramic ocean views
Keen to own bragging rights to an address that has "star power"
Have $10 million to spare
If you've answered yes to all the above, then consider City Harvest Church (CHC) founder Kong Hee's luxurious penthouse.
The 50-year-old has put his family home in Sentosa Cove up for sale, The Straits Times reported on Thursday (July 2).
He and Indonesian co-owner Wahju Hanafi are asking a cool $10 million for the duplex unit, more than the $9.33 million they paid in 2007.
Kong and five other church leaders have been accused of misusing $50 million of church funds to boost the music career of Kong’s wife Ho Yeow Sun and then falsified church accounts to cover up the misuse.
Mr Hanafi had told the court that he and Kong each paid monthly instalments of $17,000 for the Sentosa property. The $9.33 million purchase price in 2007 translated to $1,780 per sq ft.
ST quoted an investor who has visited the penthouse assaying:
“The home is decorated with quality furniture and top of the range equipment. It gives me the impression that the owner sure knows how to enjoy the high life.”
Here's what the new owner can get on the 5,242 sq ft duplex, based on the the online advertisement and a property agent's description:
Full resort-style condo facilities, including huge rooftop infinity pool.
The Oceanfront @ Sentosa Cove condominium. PHOTO: ST FILE
Spectacular views of luxury yachts entering the marina.
Overlooks the upmarket One Degree 15 Marina Club plus the city skyline.
Private lift to the 11th-storey penthouse featuring four rooms on the first level – a master bedroom and other rooms.
Duplex penthouse with pool/ jacuzzi.
View of fireworks during festivities.
Living and dining areas have giant crystal light fixtures and works of art
The show suite of Oceanfront@Sentosa Cove features designer furniture and is designed by Axis Architects/Planners. PHOTO: OCEANFRONT
Walk-in wardrobe that features two watch display cabinets for you to fill with luxe timepieces.
A spiral staircase in the dining area that leads to entertainment area on the second level and roof terrace with said infinity pool.
One agent said Kong would be able to vacate the unit as early as September, the same month he is expected to return to court.
That's when both the prosecution and defence will be making closing submissions ahead of a verdict.
So far, it seems none of the offers made so far have matched Kong’s asking price.
According to ST, the last time an Oceanfront penthouse was sold was in April 2010.
The single-storey 4,510 sq ft unit went for $7.5 million, or $1,663 psf.
A 4,112 sq ft single-storey penthouse on the 10th floor with a full sea view is on the market for $9.5 million.
The investor who saw Kong’s property, along with other units, said:
“The agent tried to persuade me to make an offer and sweetened the deal by saying that if I buy the penthouse, the owner would take me out to sea on his yacht.”
Sources: The Straits Times, The New Paper, CDL, Oceanfront
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