Surge in S’pore luxury market a boon for IOIProp

HLIB Research noted that prospects for the group are improving as all three markets – Malaysia, Singapore and China.

PETALING JAYA: The luxury residential market in Singapore is heating up, boding well for IOI Properties Group Bhd (IOIProp), which is scheduled to launch its ultra-luxury Marina View Residences before the end of the year, says Hong Leong Investment Bank (HLIB) Research.

It said recent strong demand for a new luxury residential project launch in Singapore underscores the strong purchasing power of the people, boosting confidence for IOIProp’s upcoming launch of the project.