Signs of upswing in Sentosa property market
65 units were transacted in 2017, more than double the 31 in 2016; deals expected to increase further in 2018
Singapore
A NASCENT recovery in Singapore's housing market is showing signs of reaching Sentosa, a tiny isle off the southern tip of the country that is both a playground for partying Singaporeans and home for rich expatriates.
Measuring just five sq km, Sentosa is a niche market. Offering a resort lifestyle just a bridge away from the city, Sentosa is the only place in Singapore where foreigners can buy landed property.
Once a Malay graveyard and a British military base in the colonial period, Sentosa was developed as a tourist attraction in the 1970s, when it was enlarged through land reclamation to merge with two neighbouring islets.
It was during the 2000s, when the government actively sought to persuade Asia's jetsetters to take up residence in Singapor…
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
German home building permits tumble 18% in February, extending rout
China national who had Singaporeans front plan to buy East Coast houses pleads guilty
Freddie Mac seeks regulatory approval to back home-equity loans
China national fined S$45,000 for having Singaporeans front plan to buy East Coast houses
Condo rents inch up after 7-month decline; volumes recover: SRX, 99.co
Apple to invest US$250 million into expanding Ang Mo Kio campus