Kong Hee's Sentosa penthouse back on sale at $11.5 million

Former City Harvest Church pastor Kong Hee's Sentosa Cove penthouse has been relisted for $11.5 million last week.

According to The Straits Times, the price of the 5,242 sq ft home is 15 per cent higher than its 2015 listing of $10 million.

Kong, now serving a 3 1/2-year jail sentence for misappropriating around $50 million of church funds, had bought the property with Indonesian tycoon Wahju Hanafi in 2007 for $9.33 million.

When the penthouse was listed in 2015, Kong had said that is was a "temporary home" for the family as they awaited the sale.

The unit was unsold, and was then reportedly taken off the market. It reappeared recently at a higher price.

Sally Soh, the owners' agent, said that her clients decided on the pricetag. The cost of the apartment, however, is still negotiable.

She added that three parties had since indicated their interest in the property.