YTL’s Sentosa Cove development sees 50% take-up rate

Malaysia-based YTL Corporation is officially launching “Kasara – The Lake“, a collection of 13 luxury villas in Singapore’s Sentosa Cove.

Six of the 13 villas previewed have already been bought by buyers from Singapore, Europe and the Asia-Pacific region at prices ranging from S$14 million to S$22 million.

Villas range in sizes – from 9,000 square feet, with two good-sized parcels of more than 14,000 square feet.

Kasara is the only residential property in Sentosa Cove with views of the lake and the world-class Serapong golf course.

Margaret Thean, managing director of property consultancy DTZ, said the high take-up rate of the development during the preview demonstrates the optimism of market sentiment and confidence in Singapore’s luxury property sector.

She added that market sentiment will be further strengthened with the completion of developments around the Marina Bay Financial Centre and the two iconic integrated resorts later this year.

Source : Channel NewsAsia – 6 Jan 2010

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