According to some media reports, fears have been raised that rapid sale of luxury residential flats in areas of Botanique @ Bartley that were popular with expatriates in 2014 may trigger a mass uprooting in Singapore of foreign property buyers.
2014 saw a few higher end apartments in areas such as Orchard Road and Sentosa Cove being sold at what was considered a large loss, regardless of the fact that historically, these have been areas popular to foreign property buyers more than anywhere else in the city-state.
Botanique @ Bartley Investment
Looking at data that was put together by Maybank, the sale of a four bedroom unit in Turquoise at Sentosa was the largest loss making transaction in July of 2014. The unit sold for $3.9 million, quite a loss when compared to its original amount of $7.1 million back in November of 2007. Adding to this is the fact …
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