Rich Indonesians in Singapore

Indonesians in droves are buying apartments in Singapore.

July 18, 2006

AROUND three months ago, the largest print media in Singapore reported that hundreds of apartment units and condominiums in Sentosa Cove were sold out. The housing complex was newly built on Sentosa Island, just 2 kilometers from the Singapore mainland facing the south. The cheapest costs S$10 million or around Rp56 billion.

It is not surprising, because the two-story facilities facing the beach are remarkable. In addition to a private swimming po

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