04 Apr '17, 8am

Villa in Sentosa Cove: Sold

A PRIME waterway-facing bungalow in Cove Grove in Sentosa held by Ezra Holdings founder and chairman Lee Kian Soo is finally being sold, said sources. The private treaty deal is understood to have been entered into last week. An agent from Edmund & Tie Co Property Network is understood to have been involved in the transaction but the firm declined to comment when contacted by The Business Times. While details on pricing were not available, talk in the market is that as recently as two weeks ago, the owner was prepared to consider offers of around S$16 million or S$1,390 per square foot based on the land area of 11,515 sq ft. Early last year, when the property was put on the market, the price tag was reported to be S$26 million or S$2,258 psf. Since then the asking price has decreased steadily as Ezra's financial situation worsened. The mainboard-listed offshore and marine ...

Full article: https://www.srx.com.sg/singapore-property-news/35172/vill...

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