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Funtasy, Bintan resort-style homes pull in S'pore investors

Buyers unfazed by Indonesian rules on foreign ownership of property

[SINGAPORE] Funtasy Island, just 16 kilometres from Singapore's Sentosa Cove, has already sold 510 villas and condo apartments amounting to about $250 million. A significant 70 per cent of the buyers are Singaporeans, according to Michael Yong, director of Funtasy Island Development Pte Ltd.

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