Tag Archives: kong hee

Kong Hee’s home on sale for $10m

The luxurious family home of City Harvest Church (CHC) founder Kong Hee in Sentosa Cove has been put on the market for $10 million, reported The Straits Times.

In an online advertisement, the 11th-storey unit is simply described as: “Duplex penthouse with pool/jacuzzi. Views span city, marina and sea. Full resort-style condo facilities.”

While the ad does not reveal the identity of the owner, a check with the Singapore Land Authority (SLA) shows that The Oceanfront penthouse is co-owned by Kong and Indonesian magnate Wahju Hanafi.

Kong and five others are accused of misusing $50 million of church funds and falsifying church accounts to cover it up. They allegedly funnelled millions from the church’s building fund to the Crossover Project, with the aim of boosting the music career of Ho Yeow Sun, Kong’s wife.

Purchased in 2007 for $9.33 million, the 5,242 sq ft duplex features a roof terrace with a huge infinity pool. It also offers views of fireworks during festivities, luxury yachts entering the marina and the city skyline, said a property agent.

The master bedroom and three other rooms can be found on the first level, while the living and dining areas boast works of art and giant crystal light fixtures.

It is understood the apartment is being marketed by more than one property agent. Several offers have been made for the unit, but none have matched Kong’s asking price.

The last time an Oceanfront penthouse was sold occurred in April 2010. The 4,510 sq ft unit changed hands for $7.5 million or $1,663 psf.

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Rich, famous living it up in Sentosa Cove

The appeal of a Sentosa Cove home lies in its exclusivity and the lifestyle it offers, according to a report by AsiaOne.

Among famous personalities drawn to its appeal is Addy Lee, celebrity hair stylist and CEO of Monsoon Hair Group, who owns a three-room apartment in the enclave.

Interestingly, his neighbour at The Oceanfront condominium is controversial City Harvest Church pastor kong hee, who’s accused of misappropriating church funds. Along with four other senior church members, he faces three or more charges for allegedly using the funds to finance his wife’s music career.

According to Lee, he’s never crossed paths with the pastor, although he has known his wife for over 10 years.

Meanwhile, Sentosa Cove is known for its serenity, luxury and exclusivity. It is the only neighbourhood in Singapore where residents can berth their yachts next to their backyard.

“The moment I open my window, I can see the sea, and it makes me very happy.. I’ve recently discovered the amazing sunsets I get,” said Lee.

“I feel very safe and peaceful living here. It gives me a lot of ideas for my work and businesses.”

One of the most talked about properties in Sentosa Cove is the Fish House, home to Australian-born Stephen Fisher. The two-storey property was recently named one of the most relaxing homes in the world by tech site Gizmodo.

Fischer, a hedge fund manager at First Degree Global Asset Management, bought the 7,800 sq ft land site for S$3.5 million in 2005. He then spent S$2.4 million to build a 5,800 sq ft house.

While Fischer was unaware of the recent recognition, he also wasn’t surprised. “The home was built for living in, not a showcase.”

“Water plays a big part in the design and we swim every day. We all laughed when we read the Gizmodo rating.”

“Where else can you live in a resort yet be 10 minutes from the CBD (central business district)? There are times when we don’t leave the island for days,” he added.

Designed by Singapore-based firm Guz Architects, the eco-friendly home is no stranger to the limelight. In 2010, it was recognised at the Architectural Design Awards organised by the Singapore Institute of Architects.

Commenting on Sentosa Cove’s exclusivity, Eugene Lim, Key Executive Officer at ERA, said: “A Sentosa home is a status symbol. It’s sort of a must-have if you are one of the who’s who.”

Source : CNA – 2012 Jul 3