Page 63 - Forbes - Asia (December 2019 - January 2020)

SPECIAL ADVERTISING SECTION

LOOKING FOR GEMS IN THE

GLOBAL REAL ESTATE MARKET

Property developers in Singapore and Malaysia offer discerning buyers premium living experiences in
the region’s sought-after locations.

Developers continue to redefine the Singapore city skyline.

Despite global economic headwinds, there is Meanwhile, Frasers Property is offering Malaysia is also well-positioned for growth.
value to be found in Asia’s real estate sector if homebuyers a rare riverfront living experi- The residential property market in the country
one knows where to look. ence along the historical Singapore River. recorded a higher value of transactions in the
In terms of individual markets, Singapore’s When completed, the Rivière will form part of first nine months of the year for the primary
residential market continues to be a safe a highly attractive cluster of waterfront devel- market compared with the whole of 2018,
haven for foreign buyers seeking not just opments as well as food and beverage and according to international real estate federa-
profits, but also capital preservation. Looking lifestyle outlets. tion FIABCI. Malaysia’s National Housing Policy
to capitalize on this trend, developers are roll- Innovative players such as Guocoland are 2.0, which was launched by the Housing and
ing out ultraluxury developments that cater transforming the city-state’s central busi- Local Government Ministry at the start of the
to the region’s wealthy in some of Singapore’s ness district. The developer is behind iconic year, has helped address affordability issues
most prestigious neighborhoods. properties such as Singapore’s tallest build- and boost demand in the housing market.
For instance, the upcoming 3 Orchard ing, Guoco Tower, a unique 5-in-1 integrated One company that has capitalized on this
By-The-Park is a short stroll away from the development located in the heart of the CBD. potential is UEM Sunrise Berhad, a leading
UNESCO World Heritage site, Singapore Reflecting their global ambitions, Singa- property developer in Malaysia. UEM Sun-
Botanic Gardens, while luxury boutiques, pore’s real estate developers are extending rise has posted an uptick in revenue over the
five-star hotels, embassies and Michelin- their footprint abroad as well. For instance, past few years and appears to be on track for
starred eateries of the premier Orchard Road Pontiac Land Group is part of the develop- another year of growth in 2019.
belt are just minutes away. Launched by the ment team behind the upcoming 53 West In the face of an uncertain and evolving
YTL Group, the development features the 53 skyscraper in Midtown Manhattan in New landscape, there are bright spots to be found
signature touch of world-renowned architect York City. The 82-story building is designed by in the region’s real estate market for discern-
Antonio Citterio. famed French architect Jean Nouvel. ing buyers with an eye for value and quality.

Real Estate 1