Despite a weaker economic environment dampened by issues in the US and Eurozone, Malaysian developer Selangor Dredging Bhd (SDB) remains optimistic towards Singapore’s private property market.
Yeoh Guan Jin, Communications and Corporate Affairs Manager at SDB, said Singaporeans and foreign buyers remain drawn to private homes in the city-state.
“Mind you, there are still many wealthy Singaporeans and foreigners with Singapore permanent resident status looking for private residential properties here,” said Yeoh.
He added that demand for homes in the country will remain healthy as Singapore continues to attract affluent buyers and expatriates. Its proximity is also a plus point for Malaysians looking for offshore properties.
“Our proven track record in (Malaysia’s) Klang Valley area and Singapore’s high transparency level will attract affluent Malaysians as well as foreigners to our project.”
In line with this, SDB has launched Village @ Pasir Panjang, its latest freehold development in Singapore’s west, leveraging on the area’s abundance of land for redevelopment purposes. Moving forward, the developer will be on the lookout for new redevelopment sites in the country.
Other projects by the company here include Okio Residences at Balestier Road, Hijauan on Cavenagh and Gilstead Two.
Romesh Navaratnarajah, Senior Editor of PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
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