Singapore's residential market has been a mixed bag for Japanese developers, with some projects seeing emphatic success while others struggling to move sales.
All of the developers interviewed have partnered more established local
Hit hard: Sky Habitat, Mitsubishi Estate Asia's first and only residential development in Singapore so far, sold only 30 per cent of its 509 units between its launch in April 2012 and late March this year.
developers in joint ventures (JVs) for their projects here, largely to tap their development knowledge and experience. Indeed, many attribute their success here to such a strategy.
But there has been no shortage of stumbling blocks. Government cooling measures in recent years, for one, have slowed home sales, confirmed the developers BT spoke to.