Malaysia’s YTL Bags First Property Venture in Singapore

Sentosa Cove has awarded its Lakefront Collection to YTL Corporation for $50.2m or $378 per square foot.Sentosa Cove Lakefront CollectionThe Lakefront Collection is an en bloc sale of 15 bungalow land parcels.

YTL will develop 12 luxury villas on the site with another Malaysian township and residential developer, LP World.

This will be YTL’s first venture in property development in
Singapore, and the second Malaysian real estate company to invest and develop within Sentosa Cove.

The first Malaysian developer on Sentosa Cove, IJM Properties, is developing a cluster of eight terrace houses.

Source: Channel NewsAsia, 15 September 2006

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