Malaysian Property Developer looks at Singapore as a way to invest in a global market -itsReal

Crazy HIGH Pricing of real estate in Singapore attracts investors

clipped from www.theedgedaily.com KUALA LUMPUR: Malaysian property developers are scrambling for a slice of the Singaporean real estate pie to maximise global exposure albeit near home, when geographical diversification is deemed crucial for home-grown firms to sustain long-term earnings. The fact that Singapore, being a global financial centre where scores of expatriates call home, and its proximity to Malaysia, makes the island nation an ideal choice for Malaysian firms wishing to tap a readily available pool of international buyers at minimal cost, according to real estate experts. “It is very close by, and it is very natural for us to go to Singapore which is a global market,” said SDB managing director Teh Lip Kim.