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Fragrance Group boss selling Sentosa Cove villa for S$24m

Koh Wee Meng had bought property for S$16.8m in 2011 from late Nina Wang's feng shui consultant

Kalpana Rashiwala

Published Wed, Mar 4, 2020 · 09:50 PM

fragrance group

Singapore

FRAGRANCE Group boss Koh Wee Meng is understood to be in the early stages of selling a sea-fronting bungalow in Sentosa Cove for S$24 million.

The price works out to S$2,464 per square foot based on the land area of 9,740 sq ft. The property, along Cove Grove and with views of the Southern Islands, is on a site with 99-year leasehold tenure starting late-June 2008, leaving a balance of about 87 years. The buyer is an Indonesian who is a Singapore permanent resident (PR).

Based on earlier media reports, Mr Koh had paid close to S$16.8 million or slightly over S$1,720 psf for the property back in 2011. He bought it from Tony Chan Chun Chuen of Hong Kong, the former feng shui consultant to the late tycoon Nina Wang and who had tried to claim her multi-billion-dollar estate by forging her will - a crime he was conv…