Strong demand from Singaporeans for property projects, especially in Nusajaya, Johor, is a comforting note for UEM Land Holdings Bhd.
Its managing director and chief executive officer (CEO) Datuk Wan Abdullah Wan Ibrahim said the republic’s move to tighten housing regulation has affected the purchasing power within Singapore.
Wan Abdullah said most of the foreign buyers were Singaporeans, but they also have buyers from Japan, China, UK, Australia, Vietnam, Indonesia, South Korea and the Middle East.