Words: Ashley Rigg
Published: 1st October 2009
Asia: Random companies jump on property band wagon
Singapore electronics manufacturer Aztech has become the latest company to announce a foray into boutique property development, joining the likes of bookstore chain Popular Holdings, jewellers Aspial and Heeton Holdings, once a major player in the meat and fish wholesaling business.
Compared to the commercial market, it is also not difficult for firms to break into residential property development and many unrelated firms seem to be taking a bet on it.
The moves are a sign that the Singapore property market maybe in for a sustained period of growth. Significantly, the government took measures last month to
dampen the market.
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Asia One