Tuesday, May 5, 2015

Nature-loving Opp.



After precisely forty-seven months in the region one could hardly call it a surprise.
         Funtasy Island Eco-theme Park & Dolphin Villa Project.
         Off Batam, Indonesia; units priced at $758k. A Malaysian-Singapore PR owns 30% of the development, remainder two Indon businessmen. Altogether 621 units, 90% sold, 70% bought by Singaporeans.
         In addition to the Dolphin lagoon an aviary, stingray habitat and mangrove swamps. Twenty minute ferry promised to Sentosa (the forerunner hyper-fantasy island). None of the buildings as yet completed, project running 6-9 months behind schedule.
         On the other, northern side of the main island of Singapore the Sultan of Johor with his various partners is planning land reclamation by the narrow Causeway—separating Singapore from the Peninsular—for a much larger up-scale development.
         The Condo porn splash here far, far less sophisticated than the comparable in our weekend papers down in the great Southern land.
                                                                                                                                                                                                                Sunday Times, 2 May 2015


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