UNDER THE HAMMER: Detached home at Paradise Island for sale at $12.9 mil
A 2½-storey detached home at 2 Paradise Island, in Sentosa Cove in District 4, will be put up for auction on June 26 for the first time by Edmund Tie and Co (ET&Co). This is a mortgagee sale with a guide price of $12.9 million ($1,830 psf).
The house was purchased from the developer in April 2007, at $7.54 million ($1,071 psf), based on caveats lodged with URA. “Since it has been 12 years, the new owner will need to do major renovations on the unit,” says Joy Tan, head of auction and sales at ET&Co.
