By Joyce Teo

The billionaire & The Sail penthouse

Even as the wind is being taken out of the sails in the high-end property market, one deal worth nearly $15.5 million was inked recently.

Dr Bhupendra Kumar Modi, global chairman and founder of Indian conglomerate Spice Corp, bought a whole-floor penthouse unit at The Sail @ Marina Bay for a cool $15.463 million last month.

The US$1.5 billion (S$2.2 billion) Spice Corp group makes cellphones and operates a chain of cellphone retail outlets and entertainment plazas in India.

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