Property News · June 10, 2019

Seller incurs US$2.3 million, 50 per cent loss on unit at Seascape as Singapore’s Sentosa Cove continues to struggle


The loss-making deals continue at Sentosa Cove, a billionaire’s playground in Singapore that has become a lesson about the pitfalls of property speculation.The seller of a 2,336 square foot, three-bedroom home at Seascape incurred a S$3.17 million (US$2.32 million) loss on May 23, the most unprofitable transaction in Singapore during the week of May 21 to 28.The ground-floor unit was one of the first to be purchased when the seafront condo in Sentosa’s residential enclave was first launched for…

Source : South China Morning Post
Read more…Seller incurs US.3 million, 50 per cent loss on unit at Seascape as Singapore’s Sentosa Cove continues to struggle

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