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Thomas Henrik Zilliacus co-founder of YuuZoo puts penthouse at The Oceanfront for sale at $13 mil

Thomas Henrik Zilliacus co-founder of YuuZoo puts penthouse at The Oceanfront for sale at $13 mil

Thomas Henrik Zilliacus, the co-founder of the company as soon as referred to as YuuZoo Corp, has placed his penthouse at The Oceanfront at Sentosa Cove offer for sale. The asking cost is $13 million ($2,678 psf), according to a building listing by Simon Wong, associate vice-president of List Sotheby’s International Real estate. Wong nevertheless, declined to discuss the sale.

The 4,855 sq ft, four-bedroom, the triplex penthouse is just one of 29 “sky suites” at the 264-unit luxury waterside condo located at “the northern gateway to Sentosa Cove”, states a news release in July 2006 when The Seaside was first introduced by joint designers, noted firm City Developments (CDL) as well as TID (a joint endeavor in between Hong Leong Holdings as well as Japanese developer Mitsui Fudosan).

There are five 12- to 15-storey blocks at The Oceanfront, as well as the 14th flooring penthouse sits within the tallest of the towers situated purposefully at the mouth of the marina. Therefore, it regulates a panoramic sight of the One ° 15 Marina Sentosa Cove and also the Serapong Golf Links of the Sentosa Golf Club.

The penthouse was acquired in September 2006 for $6.53 million ($1,345 psf), according to a caveat lodged with URA Realis. An Inglis search shows that the system was acquired collectively by Zilliacus as well as his Japanese wife, Susana Watanabe.

Zilliacus, a Finnish business owner who was a citizen in Singapore, is the creator and also chairman of Mobile FutureWorks considering that 2000. In 2008, he co-founded social networks and also e-commerce company, YuuZoo Corp, which was noted on the Singapore Exchange in September 2014 using a reverse requisition of W Corp for $490 million.

YuuZoo’s shares have actually been suspended considering that March 19, 2018. The company announced on April 3, 2018, that it was under investigation by the Commercial Affairs Division (CAD) for feasible violations of the Stocks as well as Futures Act. Later that same month, Zilliacus surrendered from his message as YuuZoo Corp’s chairman with an instant effect.

The firm transformed its name from YuuZoo Corp to YuuZoo Networks Team Firm with results from August 16, 2018.

At the same time, at The Oceanfront, 32 devices have actually changed hands given that January at an average rate of $1,546 psf, based upon caveats lodged to date. The most up to date transaction were for a 1,507 sq ft, very first flooring device that was sold for $2.37 million ($1,553 psf), based upon a caveat lodged on Nov 23.

The greatest psf rate achieved at The Oceanfront and The Gazania, this year was for a ninth-floor system at block 291, the 15-storey tower, with sights of the sea and also the marina. The 3,025 sq ft, four-bedroom unit fetched $6.05 million ($2,000 psf) in April. The all-time-high at The Beachfront was for a 3,025 sq ft, four-bedroom unit on the 12th floor that was sold for $8.6 million ($2,843 psf) at the previous height in Nov 2010.

Read: Rex Tan: Changing the property game with a new app and team direction

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