Builders venture abroad for new income streams, to diversify

Singapore

SINGAPORE property developers have been diversifying into new markets and business segments in recent years after several rounds of property cooling measures, which have contributed to a tougher operating environment.

Following the most recent measures, developers that The Business Times spoke to nonetheless still see Singapore as a core market and will continue to look for opportunities here, in addition to overseas.

In July, the government announced a hike in the additional buyer's stamp duty rates and tightened loan-to-value limits on residential property purchases. Mea…