Copper-cladded Sentosa Cove bungalow sold for S$32 million

Singapore

A SEAFRONT bungalow in Cove Drive on Sentosa, dubbed the Copper House, changed hands last month for S$32 million.

Covering an area of 18,053 square feet (sq ft), this translates to S$1,773 per square foot (psf). The property with a 99-year lease tenure - which commenced in November 2006 - offers views of the Southern Islands. Two adjacent plots of land of about 9,000 sq ft each were combined to form an amalgamated site. There are only a few such plots in Sentosa Cove.

The seller is Singaporean David Loh, a director with Singapore Exchange listed-Centurion Corporation, while the property was sold to Taiwanese citizen and Singapore permanent resident Hsu Chen. It is unclear whether the buyer is Taiwanese billionaire Hsu Chen, who shares the same name and co-founded candy mak…