Pacific Star Development riding on Asean's growth potential

Catalist-listed developer's goal is to try and diversify its projects in a way so as not to focus on a single country: CEO

Published Tue, May 29, 2018 · 10:00 PM

[SINGAPORE] AS it wraps up its current mixed-use projects in Iskandar and Bangkok, Pacific Star Development (PSD) is sparing no effort to make itself known in the Asean market for its upper middle to high-end mixed-use projects.

The Catalist-listed developer is currently studying opportunities to partner Singapore developers to bid for sites either through government land sale (GLS) sites or en blocs.

Negotiations are ongoing for a joint venture to develop land in Kuala Lumpur's core city centre and with JV partners following a memorandum of understanding (MOU) signed last year with a master developer, PT Kukuh Mandiri Lestari, to develop a 10 ha seafront project at Pantai Indah Kapuk in the northern part of Jakarta.

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