Kong selling penthouse for RM28mil

  • ASEAN+
  • Friday, 03 Jul 2015

On the market: Kong’s penthouse (foreground building) is now for sale. — The Straits Times / Asia News Network

CITY Harvest Church (CHC) founder Kong Hee has put his luxurious penthouse family home in Sentosa Cove up for sale.

He and a co-owner are asking a cool S$10mil (RM28mil) for the duplex unit.

Kong and five others are alleged to have misused US$50mil (RM140mil) of church funds and then falsified church accounts to cover up the misuse. They are accused of funnelling millions from the church’s building fund to pay for the Crossover Project, to boost the music career of Kong’s wife Ho Yeow Sun.

In a trial spanning two years, the court heard that the 50-year-old pastor, who is facing three charges of criminal breach of trust, co-owned The Oceanfront penthouse with Indonesian tycoon Wahju Hanafi.

Hanafi testified that he and Kong each paid monthly instalments of S$17,000 (RM47,600) for the Sentosa property.

Kong lives in the penthouse in Ocean Drive with his wife, 45, and 10-year-old son Dayan. The S$9.33mil (RM26mil) purchase price in 2007 translated to S$1,780 (RM4,984) per sq ft.

An investor who has visited the penthouse described the property and its furnishings as “lavish and opulent”.

The investor, who asked not to be named, said: “The home is decorated with quality furniture and top of the range equipment. It gives me the impression that the owner sure knows how to enjoy the high life.” — The Straits Times / Asia News Network

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