Pacific Star, Damac Int'l to develop luxury properties in South-east Asia

Singapore

REGIONAL property developer Pacific Star Development (PSD) announced on Tuesday that its wholly owned subsidiary PSD Singapore Pte Ltd will partner Middle East property developer Damac International to develop luxury properties in key cities across South-east Asia over the next five years.

The strategic partnership - entered into via a framework agreement - will see both parties jointly develop high-end properties across Asean; Malaysia and Thailand will be their primary markets, followed by Vietnam, Indonesia and Singapore, PSD's press release said.