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we ride it out
It might be technically possible. But in reality, it would be impossible to sell an entire state to another country.
lets just say it would be the new atlantis
That would be Florida.
Any part of Florida would be at no risk!
Yes. There are concerns that a tsunami could hit Florida. However, the tsunami threat in the Atlantic is much less than it is in the Pacific.
Singapore would get flooded utterly and nearly the entire island would be submerged underwater, along with large loss of life.
Florida
It would cause a large portion of Singapore's population to drown, cause widespread damage to property and generally throw the entire country into a state of chaos. The damage would be further worsened by the fact that Singapore is an Island, which would lead to it easily being flooded. In fact, if the tsunami was strong enough, the whole island could be completely submerged under the roaring waves.
I would say no, any more than you would capitalize "western Maryland" or "southern California", unless it's part of a proper name such as "University of South Florida". Florida is the name of the one entire state. As far as I know, the southern section of the state hasn't seceded and become a separate entity.
Florida
That would be Florida.