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Singapore Development May Include Casino

18 August 2004

SINGAPORE – As reported by the Agency France-Presse: "Land-starved Singapore is relaxing its property ownership rules to sell an exclusive waterfront development to the international jet set, its developers said.

"Sentosa Cove, located on a resort island which is being developed into a major leisure complex possibly including Singapore's first casino, is now being pitched to the rich and famous in Malaysia, Indonesia and Hong Kong.

"…The developers hope that an 'international resort community' will emerge on Sentosa, injecting diversity to a property market dominated by condominiums and high-rise public housing estates.

"…In addition to the new waterfront property, a casino is also under consideration for Sentosa, a family-oriented resort with beach and golf facilities, an aquarium and jungle trails…"

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