An honorable member of the Coffee Shop Has Just Posted the Following:
Sentosa Cove bungalow 'sold for $22m' to fruit and veggie tycoon
By Cheryl Ong And Rennie Whang
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.
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04-03-2015, 12:20 PM
Fruit and veggie tycoon Lim Chin Huat is believed to have sold a $22 million bungalow
