The hype of owning a Sentosa home for the affluent started in 2004. It was a symbol for the rich to show "they have arrived". Sales peaked in 2006 with 522 transactions. But the buzz died down after the Global Financial Crisis (2007-8). In fact, the government sold no new land parcel after 2008. From 2011, several rounds of ABSD introduced quickly killed the demands from … [Read more...]