Singaporean property developers are scrambling to overcome the challenges of a restricted skyline with innovative and fresh developments that cater to a population hurtling into an era of socio-economic liberation, upscale lifestyles and high-profile entertainment.
A stable government, consistent policies, a strong currency and a clean and safe environment makes Singapore one of the world's leading cities. It was ranked the 15th most liveable city in the world in Monocle's list and is one of the top three countries people would like to immigrate to.
Combined with a strong economy and widening affluence, property companies are going to town with new developments to meet demand. 'Singapore is undergoing a wave of urban transformation and rejuvenation, not only within the city and traditionally prime locations like Marina Bay but also in new growth areas from Jurong to Woodlands, from Paya Lebar to Punggol,' says Chia Boon Kuah, chief operating officer, property sales, Far East Organisation (FEO), one of Singapore's oldest developers.
'There is a buzz and vibrancy in the market, created largely by the two integrated resorts and the city-state's intensified growth as a financial hub. Singapore also offers a slew of exciting new developments. Along with various glamorous events such as the Formula 1 night race, large-scale sporting events and renowned entertainment acts, Singapore has upped its appeal factor among investors and visitors,' Chia says.
FEO, established in 1960 and winner of several domestic and international industry awards, has built more than 700 developments in residential, retail, commercial, industrial and hospitality sectors and is the largest private property developer in Singapore.
FEO boasts an array of residential properties featuring mid-market to ultra-luxury complexes, including Silversea, a luxury seafront development located on one of the last stretches of residential plots on the sought-after East Coast.