CONTINUES NEXT PAGE

Deal watchRefl ections at Keppel Bay unit selling at 2007 prices PG4

Children’s roomSimple feng shui for healthy development PG6

Gains and lossesProminent family sells Sentosa Cove home PG8

IS THE COAST CLEAR?It may be time to revisit Sentosa Cove as condo

rents and prices could be bottoming

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M A K E B E T T E R D E C I S I O N SMCI (P) 046/03/2015 PPS 1519/09/2012 (022805)

THE WEEK OF JUNE 13, 2016 732

| BY FEILY SOFIAN |

In the real-estate market, few properties

can beat those with a water view when it

comes to the wow factor. Sentosa Cove re-

cently made headlines for contrasting rea-

sons — one property fetched sky-high prices

while others were sold at million-dollar losses.

It might be time to revisit Sentosa Cove as con-

dominium rents and prices in this upscale dis-

trict could be near their bottom.

Touted as the Monte Carlo of Asia and of-

fering the only true waterfront living in Singa-

pore, Sentosa Cove has seen falling condo rents

boosting rental volume. A total of 230 rental

deals for Sentosa Cove condos were concluded

in the first four months of 2016, up from 206

in the same period in 2015 and 167 in 2014,

according to the latest statistics by URA.

The average condo rent per transaction has

expectedly shrunk, to $8,576 between January

and April this year, from $8,875 in the same

period a year ago.

Interestingly, the higher rental volume in

Sentosa Cove bucked the trend for the Core

Central Region, where rental transactions for

private non-landed homes fell from 6,805 in

the first four months of 2015 to 6,489 in the

same period this year.

There are signs that condo rents in Sento-

sa Cove could be near a bottom. Although the

median monthly rent has declined 12% from

$4.51 psf at the peak in 3Q2013, it has hovered

in the $4-to-$4.10 psf region over the past five

quarters (see Chart 1 on Page EP2).

Those who dislike living in sparsely pop-

ulated projects might wish to narrow down

their choices to The Coast at Sentosa Cove,

The Oceanfront @ Sentosa Cove and The Resi-

dences at W Singapore Sentosa Cove. The three

developments were visibly brighter than oth-

ers, indicating a decent occupancy rate, when

The Edge Property team dropped by on a Fri-

day and a Tuesday evening. Many projects,

on the other hand, were cloaked in darkness.

The Coast, The Oceanfront and The Residen-

ces at W are also relatively closer to Quayside

Isle, a retail and dining destination fronted by

a marina. Condo units at The Coast overlook

both the open sea and the waterway. Mean-

while, a majority of units at The Oceanfront

are fronted by the open sea and the marina.

Most condo projects in Sentosa Cove have

shaved off around $1,000 in monthly rents since

3Q2013’s peak. The average monthly rent for

three-bedroom units (2,000 to 2,100 sq ft) at The

Coast, for example, has stayed flattish at between

$7,100 and $7,200 since 2Q2015, a sharp mark-

down from $8,050 in 3Q2013. At The Ocean-

front, the average monthly rent for three-bed-

room units (1,700 to 1,800 sq ft) dropped from

$7,383 in 3Q2013 to $6,400 in 1Q2016, while

that at The Residences at W (1,600 to 1,700 sq

ft) fell from $7,959 to $6,925 over the same pe-

riod. Prospective tenants who are keen on Sen-

tosa Cove could start house-hunting.

Among the property submarkets, Sentosa

Cove has been the hardest hit by the property

curbs and prices have been on a downtrend

since 2011. At actively transacted condo pro-

jects, prices dipped 26% from $2,071 psf in

2011 to $1,531 psf in 2016 to date (see Chart

2 on Page EP2).

Only nine caveats were lodged for con-

do units between January and May. Five of

the nine deals were transacted at a loss. The

most notable of these was the sale of two

units at Turquoise, at a loss exceeding $2.5

million each. Separately, another seller took

in a $1.1 million loss from the disposal of his

unit at The Coast.

Notwithstanding this, it is compelling to think

that Sentosa Cove condo prices may have sta-

SAM

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| BY HARRY SUHARTONO |

One of the biggest winners from an Indo-

nesian tax amnesty may turn out to be

the shares of real-estate developers, as

funds get channelled into investments

in the nation’s houses and apartments.

Bank Indonesia estimates about IDR560 tril-

lion ($57.07 billion) of undeclared income will be

repatriated as a result of the reprieve. In a coun-

try where less than 0.2% of people own stocks,

a chunk of this is likely to eventually be spent

on real estate, according to Manulife Aset Mana-

jemen Indonesia. The amnesty, together with a

relaxation of mortgage rules and falling lending

rates, may feed a resurgence in property stocks.

“Regulations are being sorted out, interest rates

are easing and liquidity may increase once the tax

amnesty happens,” says Alvin Pattisahusiwa, the

Jakarta-based chief investment officer at Manulife,

whose Indonesian unit oversees around US$3.3

billion ($4.46 billion). “One by one, the keys are

being turned.”

PT Summarecon Agung has led a rally in

real-estate shares over the past four weeks amid

signs the tax reprieve, first proposed in early 2015,

is getting closer. The amnesty programme is ex-

pected to spur an apartment market that Colliers

International said was subdued last quarter after

“dismal sales” in 2015. Homeowners will be able

to take out loans to purchase a second property

off the plan, the central bank announced May 24.

The Jakarta Construction Property and Real

Estate Index has jumped 6.4% from a two-month

low on May 10. That has pared its loss over the

last 12 months to 2.8%, compared with a 3.3%

decline in the Jakarta Composite Index. Summa-

recon Agung has surged 20% since May 10 and

PT Ciputra Development is up 13%.

Under the draft amnesty bill, a 2% to 6% tax

rate will be paid on declared assets and this will

drop to 1% to 3% if the money is brought back

from offshore. The reprieve, which will apply to

company and personal taxes, will last six months.

It is likely to be implemented in July, Soepriyat-

no, the deputy chairman of the house’s finan-

cial commission, told the Detik website May 26.

Bank Indonesia estimates the amnesty, which

is aimed at plugging a hole in the government’s

budget to fund infrastructure development, will

boost 2016 economic growth by 0.3 percent-

age point to as much as 5.4%. That compares

with a six-year low of 4.79% in 2015. Only 27

million Indonesians are registered taxpayers

and less than a million of them paid what they

owed in 2014.

Indonesians favour investing in property as they

believe it is safer in the long run, says Rainier Gu-

nawan, a principal for Ray White Indonesia in Ja-

karta. Some 466,250 Indonesians had brokerage

accounts at end-2014, according to the Indonesian

Stock Exchange, out of a population of 256 million.

“In recent months, purchases of properties for

investment reasons have ground to a halt,” says

Gunawan. “My clients are telling me they want

to wait for clarity on the tax amnesty regulation.”

Residential sales should rise by around 10%

this year as a result of the tax reprieve, mort-

gage rule and easier credit conditions, says An-

thony Yunus, a property analyst at Nomura

Holdings in Jakarta. It will be positive for devel-

opers, and those with the most exposure to the

residential market, such as Summarecon, Bumi

Serpong and Ciputra Development, will benefit

the most, he says.

Developers that have decreased the size of

houses and apartments to make them more af-

fordable will be the biggest winners, according to

Bernard Kie and Hasira de Silva, analysts at Fitch

Corporate Ratings Group in Jakarta and Singa-

pore. These include Summarecon, Bumi Serpong,

Lippo Karawaci and Pakuwon Jati, they wrote in

an emailed response to questions. The more ex-

pensive end of the market stands to benefit from

the tax reprieve.

“The key issue in the Indonesian residential

property market currently is that buyers of mid-

to high-end residential properties have large

amounts of undeclared income,” said Kie and de

Silva. “The imposition of the tax amnesty should

help overcome this and encourage buyers to de-

clare more of their income, thereby stoking fresh

demand.” — Bloomberg LP

EP2 • THEEDGE SINGAPORE | JUNE 13, 2016

E

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Prices at Sentosa Cove have hit a competitive level and are expected to stabilise

THEEDGE P R O P E R T Y COVER STORY

Tax amnesty seen unlocking gains in Indonesian property stocks

bilised. At $1,531 psf, the average condo price in

Sentosa Cove is on a par with those in city-fringe

projects. On May 6, a 2,433 sq ft, low-floor unit at

Caribbean at Keppel Bay, a 99-year leasehold con-

do that was completed in 2004, changed hands at

$1,583 psf. Subsequently, a 2,519 sq ft, high-floor

unit at Reflections at Keppel Bay fetched $2,462 psf.

Samuel Eyo, managing director of Singapore

Christie’s International Real Estate, thinks pric-

es are unlikely to drop much further, owing to

limited supply, and barring any new shocks. De-

velopers are also holding on tightly to their un-

sold units and opting to lease them out instead

of slashing prices. The only exception would be

distressed sellers at auctions.

Eugene Lim, key executive officer at ERA Realty,

notes: “A standout transaction this year was at

Seven Palms Sentosa Cove, where a buyer paid

$15.8 million ($3,721 psf) for a third-floor unit in

March. Hence, there are still high-net-worth in-

dividuals willing to pay high prices for the luxu-

rious lifestyle that Sentosa Cove offers, be it the

beachfront living or the panoramic views of the

South China Sea.”

Still, the condo market in Sentosa Cove could

be heading for an L-shaped recovery. According

to Eyo, the main drawback for Sentosa Cove prop-

erties is their 99-year leasehold tenure. There is

a host of attractive projects on the mainland that

compete for buyers. However, Sentosa Cove of-

fers a unique waterfront lifestyle like no other in

Singapore, he adds.

For now, Sentosa Cove might be a better fit for

owner-occupiers and tenants who value such a life-

style than for investors. For this group of people, the

risk of price and rental downsides has been signif-

icantly lowered.

FROM PREVIOUS PAGE

Median rent for Sentosa Cove condos has stayed flattish at $4-to-$4.10 psf per month over the past five quarters

CHAR

TS: U

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PERT

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5.00

4.50

4.00

3.50

3.00

2.50

2.00

1.50

1.000.50

0.00

1Q20

13

2Q20

13

3Q20

13

4Q20

13

1Q20

14

2Q20

14

3Q20

14

4Q20

14

1Q20

15

2Q20

15

3Q20

15

4Q20

15

1Q20

16

April 20

16

$ ps

f/mon

th

At an average price of $1,531 psf in 2016, the risk of further price downside has been significantly lowered

2,500

2,000

1,500

1,000

500

02010 2011 2012 2013 2014 2015 Jan to May

2016

$ ps

f

OVERSEAS NEWS

The Coast at Sentosa Cove (left) and The Oceanfront @ Sentosa Cove were visibly brighter than many projects in the vicinity, indicating a decent occupancy rate

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: SAM

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Chart 1

Chart 2

THEEDGE SINGAPORE | JUNE 13, 2016 • EP3

EP4 • THEEDGE SINGAPORE | JUNE 13, 2016

| BY METTA LEE |

A 1,733 sq ft, three-bedroom unit

at Reflections at Keppel Bay has

been listed on TheEdgeProper-

ty.com at $2.5 million, or $1,443

psf. The high-floor unit overlooks

the golf course.

The latest transaction in the project was on

May 23, when a 2,519 sq ft unit on the 21st

floor was sold at $2,462 psf. Meanwhile, the

last transaction for a 1,733 sq ft unit was in

March 2013 when a ground-floor unit changed

hands at $2,412 psf

The subject property’s asking price of $1,443

psf is similar to the developer’s sale price in 2007.

In that year, a 1,733 sq ft unit on a high floor

found a buyer at $2.53 million, or $1,459 psf.

Reflections at Keppel Bay is a 99-year

leasehold landmark condominium designed

by Daniel Libeskind. Completed in 2011, the

1,129-unit development is located within

500m of Telok Blangah MRT station on the

Circle Line.

There were seven rental contracts for 1,600

to 1,900 sq ft three-bedroom units at Reflec-

tions at Keppel Bay in April. Rents for these

contracts averaged $7,552 per month.

Based on the listing price of $2.5 million,

the average rent translates into a potential

gross rental yield of 3.6%.

For more information, call marketing agent

Albert Tan at 9674 2180.

Scan the QR code for

value deals at Reflec-

tions at Keppel Bay

and nearby projects

As TheEdgeProperty.com

is not party to the contract between the client and

agent, it is unable to verify information provid-

ed by the agent

THEEDGE P R O P E R T Y DEAL WATCH

Recent transactions at Refl ections at Keppel Bay

Table 1

TABL

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CONTRACT DATE UNIT SIZE FLOOR PRICE ($ MIL) PRICE ($ PSF)May 23, 2016 2,519 19 to 21 6.200 2,462April 26, 2016 1,119 7 to 9 1.600 1,429April 7, 2016 2,659 7 to 9 4.700 1,768March 28, 2016 872 10 to 12 1.480 1,697March 18, 2016 1,841 4 to 6 3.000 1,630February 29, 2016 1,367 4 to 6 2.000 1,463February 17, 2016 1,055 1 to 3 1.588 1,505January 4, 2016 1,550 7 to 9 2.500 1,613

SAM

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Reflections at Keppel Bay unit selling at 2007 prices

Recent rental contracts for 1,600 to 1,900 sq ft units at Refl ections at Keppel Bay

Table 2

LEASE COMMENCEMENT UNIT SIZE (SQ FT)DATE $ $ PSFApril 2016 1,600 to 1,700 7,800 4.50April 2016 1,800 to 1,900 6,589 4.00April 2016 1,600 to 1,700 7,400 4.00April 2016 1,600 to 1,700 7,700 4.70April 2016 1,600 to 1,700 8,271 5.00April 2016 1,600 to 1,700 8,300 5.00April 2016 1,700 to 1,800 7,200 4.40

MONTHLY RENT

Rents for 1,600 to 1,900 sq ft units in the project averaged $7,552 per month in April

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THEEDGE SINGAPORE | JUNE 13, 2016 • EP5

EP6 • THEEDGE SINGAPORE | JUNE 13, 2016

THEEDGE P R O P E R T Y FENG SHUI

Simple feng shui for your child’s room

Whether they are do-

ing their homework,

studying, sleeping

or passing the time,

children spend a lot

of time in their rooms. It is there-

fore important that the qi they ex-

perience inside is positive and vi-

brant, thus leading to healthy and

harmonious growth.

Good feng shui promotes a clean,

open area where qi, or natural energy,

can gather, and this eliminates the

problems of cluttered space that we

have come to associate children’s

rooms with. Therefore, your chil-

dren will feel empowered, energised

and loved in a space where feng shui

and open, clean design are nicely

balanced.

Children grow up fast these days,

and their tastes are always chang-

ing, especially through their expo-

sure to social media and the internet.

Concerned parents may also find it

increasingly difficult to maintain a

balance between practical and cre-

ative designs that appeal to both

their taste and their children’s pref-

erences. It can get more complicated

when your children are teenagers,

since they value their privacy highly,

and can be stubborn when it comes

to expressing their individuality

through their bedroom design and

arrangement.

Be flexible. Give your children

the freedom in image and colour

choices, or the type of furniture they

want, while you adopt some basic

feng shui techniques for the space.

The goal here is to find a win-win

situation where feng shui criteria are

matched with the overall theme of

the décor. To get you started, take

a moment and consider these im-

portant factors:

• Location. This factor always

takes precedence over direction,

so it is important to get it right.

Every year, a different sector of a

property represents a complete-

ly different outlook. The Heav-

enly Doctor sector governs over

health and encourages rest and

rejuvenation. The Fu Wei sector

enhances cognitive and thinking

skills, making it suitable for the

location of a desk or study area.

To find these sectors, have your

child’s Life Star number calcu-

lated by a consultant. Each Life

Star number has its own unique

Heavenly Doctor or Fu Wei direc-

tion that can used for the place-

ment of the bed;

• Form. A square or rectangu-

lar-shaped room ensures an even

and healthy circulation of qi. Hav-

ing these tried and tested shapes

for your child’s room ensures

healthy qi flow, which is inte-

gral to establishing a favourable

and positive space for their deve-

lopment. Leave those triangu lar-

shaped rooms or skewed walls

for a Tim Burton set;

• Interior. If the bedroom is locat-

ed in the attic or right beneath

the roof, try to level the ceiling.

If you are unable to do so, move

the bed to the side of the room

where the ceiling is higher. This

is because slanted ceilings cause

imbalanced qi, which can result

in disrupted and uneasy sleep;

• Colour. Colour is not a feng shui

element, and therefore will not

have any impact on the type of qi

in your child’s room. That said,

it has been proven to have a psy-

chological effect, so calming or

cheerful colours would be ideal;

• Furniture. The edges of furniture

and shelves are of minor signifi-

cance when it comes to influenc-

ing the qi in the room. Worrying

about these features generating

sha qi will only cause paranoia,

as they will have no negative ef-

fects on the occupants. Just make

sure there is nothing obstructing

the entrance to the room, as you

want to ensure a smooth flow of

qi from the main door into the

room;

• Arrangement. Avoid placing

your child’s bed or desk under

a beam to avoid suppressive qi

that can cause disrupted sleep,

as well as health and work prob-

lems. Avoid having the bed face

the door, since that puts it direct-

ly in the flow of qi, which can

also disrupt sleep; and

• Lighting. Since your children are

likely to be studying and reading in

their rooms, proper lighting is im-

portant. Natural light should only

be a concern if you are suffering

from a critical form of vitamin D

deprivation because, contrary to

popular belief, more sunlight will

raise the flow of qi. More win-

dows, on the other hand, would

be a great addition to the room,

as they can provide more access

for qi to enter the house.

When it comes to applying feng

shui principles to your child’s room,

approach it like you would your own.

A few minor changes and arrange-

ments can make a world of differ-

ence, without intruding too much

into your child’s privacy. Since feng

shui is more about location and ar-

rangement than colour, make an

agreement where you decide the lo-

cation of the bed and desk, but your

child determines the colour of the

walls and bedding. In the end, both

of you are aiming to design a com-

fortable room, regardless of style.

For a more thorough understand-

ing and application of feng shui per-

sonalised for you and the members

of your family, consult our feng shui

advisers.

Joey Yap is chief consultant of the

Joey Yap Consulting Group and found-

er of Mastery Academy Of Chinese

Metaphysics. Joey Yap Pte Ltd can

be reached via its Singapore region-

al manager Ng Khai Yeing at khai-

yeing@joeyyap.com.

| BY JOEY YAP |

It is important that the qi that children experience in their rooms is positive and vibrant, thus leading to healthy and harmonious growth

E

THEEDGE SINGAPORE | JUNE 13, 2016 • EP7

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EP8 • THEEDGE SINGAPORE | JUNE 13, 2016

| BY FEILY SOFIAN |

Sentosa Cove saw its second

landed home transaction

this year. A terraced house

on Ocean Drive was sold for

$6.8 million ($1,997 psf of land

area) in May. A look at the proper-

ty’s previous caveat shows that the

profit from the transaction is $4.1

million, or 152%.

The sellers are understood to be the

children of the late president Benja-

min Sheares. Based on caveats lodged,

the property appeared to have been

purchased directly from the develop-

er, Ho Bee Group, in February 2005

for $2.7 million ($793 psf).

According to the URA caveat, the

buyer is a Chinese national who is a

permanent resident here. Complet-

ed in 2006, the house overlooks the

waterway and features a berth, pri-

vate pool and sun deck. It sits on

a 3,401 sq ft site that has a 99-year

lease from 2004.

The property was held for 11

years, which means annualised

gain amounts to 9%. For context,

the annualised gain for all landed

homes averaged 6% over the past

decade, based on the URA Proper-

ty Price Index. Meanwhile, the an-

nualised gain for non-landed homes

averaged 5%.

The deal marked the second land-

ed home transaction in Sentosa Cove

this year. In April, another terraced

house on Ocean Drive changed hands

for $5 million, or $1,868 psf.

The number of landed home trans-

actions in Sentosa Cove fell from 27 in

2012 to four in 2014 and five in 2015.

The deal surfaced after the URA

uploaded new caveats on its website

on May 27 and 31.

Meanwhile, two landed homes in

District 10 were sold for a profit ex-

ceeding $3 million each on May 18.

A detached house on Maple Avenue

was sold for $9 million ($1,573 psf).

The seller had purchased the proper-

ty in 2007 for $5.2 million ($908 psf),

resulting in a profit of $3.8 million.

On Mount Sinai Avenue, a semi-

detached house also fetched a $3.8

million profit. The seller had pur-

chased the property in 2005 for

$1.7 million ($491 psf) and resold

it in May this year for $5.5 million

($1,602 psf). The annualised gain

works out to 12%.

In the non-landed housing seg-

ment, the highest profit of $2.6 mil-

lion accrued to a 2,874 sq ft unit at

Four Seasons Park. The property was

purchased in 2006 for $1,722 psf and

resold on May 20 at $2,610 psf.

The biggest loss, based on new ca-

veats uploaded by the URA on May 27

and 31, accrued to a 2,433 sq ft unit

at Turquoise in Sentosa Cove, which

was sold at a $2.5 million loss. The

seller had purchased the property in

2007 for $2,561 psf and resold it on

May 20 for $1,521 psf.

FACTS + FIGURES

THEEDGE P R O P E R T Y GAINS AND LOSSES

The terraced house on Ocean Drive was sold for $6.8 million, fetching a profit of $4.1 million

SAM

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New caveats uploaded on May 27 and 31

TABL

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Most profi table deals

Non-profi table deals

Tables compiled by Esther Hoon * Refers to strata area. Otherwise, area stated for landed homes refers to land area.

PROJECT DISTRICT AREA (SQ FT) DATE SOLD SALE PRICE ($) BOUGHT ON PURCHASE PRICE ($) PROFIT ($) PROFIT (%) ANNUALISED PROFIT (%) HOLDING PERIOD (YEARS)

NON-LANDED

1 Four Seasons Park 10 2,874 20-May-16 7,500,000 2-May-06 4,950,000 2,550,000 52 4 10.1

2 Sky@Eleven 11 2,271 20-May-16 3,715,000 9-Mar-07 2,314,000 1,401,000 61 5 9.2

3 Rivergate 9 1,496 23-May-16 2,880,000 29-Jul-05 1,658,070 1,221,930 74 5 10.8

4 Sommerville Park 10 2,325 19-May-16 3,120,000 3-Apr-97 2,068,000 1,052,000 51 2 19.1

5 Cairnhill Crest 9 1,733 20-May-16 3,150,000 24-Oct-05 2,140,000 1,010,000 47 4 10.6

6 Shelford Regency 11 1,281 18-May-16 1,825,000 22-Mar-05 818,000 1,007,000 123 7 11.2

7 The Esta 15 1,507 17-May-16 1,900,000 25-Jan-06 967,030 932,970 96 7 10.3

8 Citylights 8 893 11-May-16 1,400,000 23-Jun-05 584,800 815,200 139 8 10.9

9 Blossoms @ Woodleigh 13 1,206 20-May-16 1,555,000 30-Jan-07 750,758 804,242 107 8 9.3

10 Brookvale Park 21 2,400 16-May-16 1,980,000 2-May-02 1,238,000 742,000 60 3 14.0

LANDED

1 Terrace/Ocean Drive 4 3,401 16-May-16 6,800,000 14-Feb-05 2,700,000 4,100,000 152 9 11.3

2 Detached/Maple Avenue 10 5,726 18-May-16 9,009,000 11-Jun-07 5,200,000 3,809,000 73 6 8.9

3 Semi-Detached/Mount Sinai Avenue 10 3,401 18-May-16 5,450,000 3-Oct-05 1,670,000 3,780,000 226 12 10.6

4 Semi-Detached/Dunbar Walk 15 5,500 16-May-16 6,338,000 3-Jan-97 3,530,000 2,808,000 80 3 19.4

5 Detached/Crowhurst Drive 19 4,252 14-May-16 4,570,000 14-Nov-95 1,850,000 2,720,000 147 5 20.5

PROJECT DISTRICT AREA (SQ FT) DATE SOLD SALE PRICE ($) DATE BOUGHT PURCHASE PRICE ($) LOSS ($) LOSS (%) ANNUALISED LOSS (%) HOLDING PERIOD (YEARS)

1 Turquoise 4 2,433 20-May-16 3,700,000 26-Oct-07 6,230,400 2,530,400 41 6 8.6

2 Cuscaden Royale 10 1,399 20-May-16 2,600,000 1-Aug-07 4,262,753 1,662,753 39 5 8.8

3 Semi-Detached/Old Holland Road* 10 4,306 19-May-16 4,050,000 11-Nov-10 5,250,000 1,200,000 23 5 5.5

4 The Botanic On Lloyd 9 3,488 19-May-16 5,200,000 6-Jun-07 6,300,000 1,100,000 17 2 9.0

5 Terrace/Sembawang Walk* 27 2,745 4-Apr-16 1,258,000 28-Dec-13 2,200,000 942,000 43 22 2.3

6 Goodwood Residence 10 3,089 20-May-16 5,180,000 3-May-10 6,068,000 888,000 15 3 6.1

7 The Trillium 9 1,399 20-May-16 2,540,000 18-Oct-10 2,850,000 310,000 11 2 5.6

8 The Cornwall 10 1,927 18-May-16 2,820,000 21-Dec-07 3,100,000 280,000 9 1 8.4

9 Signature Residence 15 2,314 18-Apr-16 2,018,888 28-Dec-07 2,255,175 236,287 10 1 8.3

10 Sky@Eleven 11 2,713 18-May-16 4,200,000 23-Jun-11 4,422,190 222,190 5 1 4.9

Prominent family sells Sentosa Cove home

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