Western investors keen on coastal property projects in Singapore such as the 494-unit Sea Horizon executive condominium (EC) in Pasir Ris by developer Hao Yuan Development should act fast before ambitious Chinese entrepreneurs buy up all the available units for sub-letting purposes, according to business journalist David Sellars.
“The work being done in Singapore is accelerating every day and even with that kind of development speed, opportunities like this one are still rare. The Pasir Ris developments are strategically placed and within ready access of both mainland Malaysia and central Singapore,” he noted.
“The development presents an investment opportunity that includes up to 99 year leases that will continue to appreciate as Singapore continues to expand its global industrial reach. The Sea Horizon EC is just one such example, and represents a larger trend that I believe western investors need to get on the inside edge of before the region’s development overtakes them.”
“The work done by property developers in Singapore does not lack development funding, and the city races outwards and upwards to keep track of its own expansion,” added Sellars.
Image: Sea Horizon EC in Pasir Ris (Artist's impression)
Nikki De Guzman, Junior Journalist at PropertyGuru, edited this story. To contact her about this or other stories email firstname.lastname@example.org