Singapore has been hit badly by a real estate slump. However, since the government eased up on the curbs that had been placed on the sector, more and more developers are finding it easier to make their mark on the city-state offering great property options. Let’s take a look at a few of these developers.
CapitaLand has been named as Singapore’s biggest real estate developer. It is worth USD$10.38 billion and is said to account for a fifth of the Singapore market. It has invested in integrated developments, homes and serviced residences such as Alcott, The Crest Collection and Citadines. It has left its footprints in over 140 cities in more than 30 countries.
Global Logistics Properties
Global Logistics Properties is yet another major real estate developer in Singapore. Under the leadership of Yoshiyuki Chosa who is the president, GLP is currently worth USD$10.38 billion. It is the number two property development company in Singapore with its investments focused on developing logistics facilities. That enabled the company to spread its wings in Singapore as well as other countries, working with subsidiaries such as Japan Logistics and GLP Light year Investment Pte LTD among others.
Other developers in Singapore
Singapore has many great developers, including companies like City Developers, Capital Malls Asia as well as KeppelLand developers among others. Some other developers team up with foreign developers to fulfil the obligations and expectations of the project at hand. Such collaboration is exemplified in M + S Pte Ltd, which is a merger between a Malaysian investment fund, Khazanah Nasional and Temasek, a Singapore investment company. This collaboration has resulted in stunning projects like Marina One Residences, which is located in one of the most popular locations in Singapore. It covers a space of 3.67 million square feet and has been in development since February 2013. It is expected to be launched by the end of 2017 and should have around 1042 units spread over two towers with 34 storeys each. To view the Marina One Residences showflat location, contact a property agent to book an appointment.