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Sentosa Cove properties not selling well

12 Sentosa Cove luxury villas relaunched at a discount

Kalpana Rashiwala
The Business Times
Monday, May 26, 2014

XIMENG Land, controlled by mainland China parties, is relaunching the balance 12 luxury villas on Pearl Island in Sentosa Cove at $2,185 psf on land area. The price is inclusive of a 5 per cent discount to the $2,300 psf list prices for the units. A year ago, the developer's asking price was $2,400 psf.



I sincerely hope that the next downturn will see many property developers go bankrupt. That will teach them a lesson.
 
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