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

Buyers unfazed by Indonesian rules on foreign ownership of property

Published Wed, Jun 18, 2014 · 10:00 PM
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[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.

Elsewhere, Bursa-listed Landmarks Berhad will be starting the sale of 300 serviced apartments in Phase 1 of the water resort city Treasure Bay Bintan later this year.

Treasure Bay Bintan's chief operating officer, Paul Leong, told BT that the target b…

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