Singapore's Sentosa luxury resort reportedly put on market at $158M
Amara Sanctuary Sentosa, a resort hotel located on Singapore's Sentosa Island, has reportedly been marketed for sale at an indicative price of S$200 million ($158 million).
Singapore's prestigious luxury resort on Sentosa Island is reportedly being put up for sale at a price of $158 million, according to recent reports. The 140-room hotel resides on leasehold land with a lease running until the end of 2075. The asking price is more than double the hotel's valuation when it was taken private by Amara Holdings in 2025.
This development occurs amidst challenges facing various parts of the island, including the Resorts World casino complex and luxury real estate market. Despite these obstacles, Sentosa remains a popular tourist destination, attracting millions of visitors each year with its beaches, high-end accommodations, and casino resorts. The island is also set for a major transformation under a 20-year plan announced by the Sentosa Development Corporation in July, which includes the construction of a transport hub linking Sentosa to another island and a multi-purpose venue called the Sensorium at Siloso Beach, featuring lifestyle amenities and indoor attractions.
Amara Holdings, which was founded in the 1930s as a construction firm by Teo Teck Huat, now owns a diverse portfolio of hospitality, commercial, and residential properties in cities like Bangkok and Shanghai. The company went public on the Singapore Exchange in 1997 before being acquired privately in 2025 by a consortium of prominent Singaporean families, the Teos and the Chengs, who are involved in the group's management.
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