23 May '11, 8am

Sime eyeing stronger Singapore presence: Sime Darby Property Bhd, one of Malaysia's largest property developers,...

Sime Darby Property Bhd, one of Malaysia's largest property developers, is eyeing more new developments in Singapore, especially redevelopment projects, said Datuk Tunku Putra Badlishah Ibni Tunku Annuar, Managing Director of Sime Darby. "We are constantly looking for new projects but obviously, as you (can) see, the land here is very scarce and expensive, so we are doing more on redevelopment projects. We have old warehouses, we convert them into office buildings — that kind of projects — but we own quite a few buildings in Singapore, so we collect rental," Bernama quoted him as saying. Tunku Putra Badlishah, who was in the country for the Building and Construction Authority (BCA) Awards 2011, noted that Singapore is a good market for the company. "We've been successful in Singapore. We have a team here already, so it makes sense for us to continue looking at Singapore," ...

Full article: http://sg.news.yahoo.com/sime-eyeing-stronger-singapore-p...

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