Indonesian tycoon Jonathan Tahir struggles to sell US$12 million Singapore penthouse after 3 auctions
The five-bedroom suite at the St. Regis Residences, with a private pool and a 180-degree panoramic view, received no offers during its third auction by property consultancy Knight Frank on Thursday. That is even after the price was lowered by 14 per cent from earlier this year, to S$15.5 million (US$11.5 million).