An honorable member of the Coffee Shop Has Just Posted the Following:
Fruit and veggie tycoon Lim Chin Huat is believed to have sold a $22 million bungalow in Sentosa Cove last month in what is the first sale of a landed home on the island this year.
The apparent sale represents a bright spark in what has been an otherwise bleak market on Sentosa. Only four bungalows were sold there last year at a total value of $56.5 million, down from 18 deals worth $366.76 million in 2013.
The Straits Times understands that Mr Lim, the founder and director of Seasonal Produce, a Singapore-based supplier of fresh fruits and vegetables, sold the 9,268 sq ft property for a profit of $7 million on Feb 17.
Caveats lodged with the Urban Redevelopment Authority showed that the 99-year leasehold detached house in Treasure Island was snapped up for $2,374 per sq ft (psf) by a buyer with a Housing Board address.
Click here to view the whole thread at www.sammyboy.com.
04-03-2015, 11:40 AM
Sinkie with HDB address sold his Sentosa Cove bungalow for $22million
