Myth 138

Properties the best long term bet Many Singaporeans are laughing all the way to the banks with en bloc sales. And property investment is the big game in town. We are selling Sentosa Cove and other coastal developments at a high premium to the world's rich and famous. In the same breath we are preparing for global warming. And the forecast is that water level may rise by 4 metres or more. And we are going to built dykes around the island. Would Sentosa Cove still be there in 30 years when the water level rises? Would Sentosa Resort and our Marina Resort still be there and not be under water? Shouldn't these coastal developments be marketed for a 30 year lease?