Sevens Group acquires Treasure Island bungalow in mortgagee sale for $12.9 mil

The bungalow on Treasure Island has a 22m frontage along the waterway with a private berth along the waterway. Photo: PropNex

When a bungalow at 8 Treasure Island in Sentosa Cove was offered for mortgagee sale at an auction in March this year, Eric Cheng, founder and CEO of Sevens Group, a niche landed property developer, was riveted.

Cheng went down to view the property: It was a bungalow sitting on a 99-year leasehold site of 8,379 sq ft, with a built-up area of 9,362 sq ft. The 21⁄2-storey detached house comes with five en suite bedrooms, a basement and a 27m frontage with a driveway for seven cars. The house has a 22m frontage along the waterway and comes with a private jetty.

---

Related Stories

• Serene sanctuary on the fairway at The Green Collection
• Singapore has a better Bali on its doorstep, developer says
• Why this yacht club owner cum operator is worth a bet

---