Sleepless in Singapore

The property market in Singapore, described by a developer “to be in a (state) of slumber” and by a Singaporean analyst that it “could get worse”, may pose a challenge to some Malaysian developers who have gone over there in search of greener pastures.

Malaysian developers with projects there include the IOI Properties Group Bhd, YTL group, Selangor Dredging Properties Bhd (SDB), Sunway group and S P Setia Bhd.