Want to know what Facebook Co-founder Eduardo Saverin and 1MDB co-conspirator Jho Low have in common? They own ultra-expensive property in Singapore!
In a nation obsessed with property, some of our most expensive residential properties have some serious stories behind them. Here are some of the most interesting ones we could find!
34th Floor Penthouse at Twentyone Anguilla Park ($42.9 million)
Seated along Orchard Road is this unassuming building that houses a unit that is owned by someone being probed by the U.S Justice Department.
Yes, the 34th floor Penthouse unit is owned by the notorious financier Low Taek Jho of the 1MDB scandal. He picked up 2 units here, including the 7,718 sq ft penthouse in question. The other unit was a 3-bedroom apartment directly below the penthouse, bought for $11.53 million.
While he did have his super yacht seized by U.S officials, Mr Low is now reportedly living it up in Shanghai, and with the Singapore – U.S extradition treaty in force, he won’t be coming back to his apartment any time soon.
Unit at Sculptura Ardmore ($60 million)
It is quite crazy, but this freehold penthouse at the super-exclusive District 10’s Ardmore Park is supposedly bought by one of Singapore’s wealthiest men and Facebook co-founder, Eduardo Saverin.
He did marry Singapore-based Indonesian Chinese Elaine Andriejanssen, so it would be totally normal for them to have a home here. The 10,300 sq ft unit is one of only 34 units at the luxurious Sculptura Ardmore, and is renowned for its private lap pools and unique architectural style.
35 Ridout Road ($91,688,888)
The sale price is odd, but the buyer probably wanted to add a few 8s behind that $91million price tag to get rid of some of that bad blood from the family dispute that resulted in the sale of this home.
This bungalow was embroiled in a 10-year long legal tussle after the owner had passed away in 1997. It took a long time to get it sold, but it was finally bought over after a tender process that fetched this gigantic final price.
9 Cuscaden Road ($145 million)
Bought by Shun Tak Real Estate (Singapore), this bungalow costs the Hong-Kong listed conglomerate a whooping $145 million. This is the company’s first foray into Singapore, and what a statement buying this iconic property has made.
After all, the building was once owned by the famed philanthropist Tan Tock Seng. This 25,741 sq ft freehold site is zoned as a hotel, but it could also be used to build a residential project.
45 units at Nassim Hill ($411.6 million)
Out of all the business stories I’ve read, this property’s story is the mother of all Hail Marys. After all, not many people would be able to say that they bailed CapitaLand out of paying the government millions in penalties for being unable to sell off the units at their Nassim Hills development.
Someone in CapitaLand is either very lucky, or very blessed because just before the penalties took effect, Veteran banker and one of Singapore’s richest men, Wee Cho Yaw, swooped in for the win, buying all 45 unsold units for a cool $411.6 million.