28 May '16, 5pm

Singapore's Sentosa Cove, where ultra-rich tax-evaders shell out $11 million for condos

Cape Royale is one of Sentosa Cove’s luxury condominiums. Sentosa Cove is a private, exclusive enclave in Singapore, meant for the wealthiest of the wealthy. Cooling measures, however, have hit it hard, and transaction prices have fallen drastically. Can HDB upgraders ever reach this Promised Land? We give you the Guru View. by Chang Hui Chew When we think of holiday homes, we often think of exotic tropical villas in places like Bali or Boracay, snow-capped cabins in Hokkaido, or country cottages in the English countryside. But of course, what is exotic to one individual is every day to another. For this edition of the Guru View, we will look at the enclave of Sentosa, one of the most expensive places for real estate in Singapore, and holiday homes to the wealthiest in the world. A quick background It is necessary to understand the background of Sentosa Cove, because like ...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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