Singapore offers ‘outstanding real estate’

Those looking to invest in the overseas property market may be wise to opt for a development in Singapore, after one expert has stated the city offers “outstanding quality”.

Dr Steven Choo, chief executive officer of the Real Estate Developers” Association of Singapore, said: “It is testimony to the outstanding quality real estate that our members consistently create and a ringing endorsement of Singapore’s presence as a global city of distinction in urban design and development.”

His comments come in response to four Singapore real estate developers winning awards at this year’s Fiabci Prix d’ Excellence Competition, which are reportedly considered to be the “Olympics” of the international property industry.

The Sail at Marina Bay by City Developments clinched the top spot in the residential high rise category, while the Far East Organisation won accolades in the office and specialised projects categories.

Similarly, UOL Group and Keppel Land also won two awards for their structures.

While the Singapore property market appears to be flourishing, Professor at Tsinghua University and adviser with the Chinese central bank’s monetary policy committee Li Daokui recently noted the Chinese real estate sector is currently facing “fundamental” problems.

SOURCE: Cityscapeintelligence.com