I can’t help but laugh at this.I think everyone has sort of miss a point in this. A luxury home? Whoever at Bloomberg who wrote this report don’t know Singapore or Singaporeans very well. Most Singaporeans don’t bother with luxury homes; we can’t even afford a normal flat! Even if a normal couple were to buy a flat in Singapore, they will usually have to take a 20-25 year loan from the bank. A luxury home? It’s not even in our equation; hell, it's not in our dreams!
So Singaporeans who take this report as proof on how high home prices are in Singapore; don't bother. Most Singaporeans can't be bother about prices of the homes in Sentosa Cove, they just worry about the prices of HBD flats.