More players tussling for property dollar here

[SINGAPORE] The tussle for Singaporeans' property dollar looks set to intensify with the opening of a sales office here by Australian player Walker Corporation and the initial launch of Princess Cove by Guangzhou-based R&F Properties over the weekend.

Walker Corp, one of Australia's largest private developers, said that the 1,700 square foot office in Liat Towers on Orchard Road would promote its domestic projects and its sole project in Malaysia, Senibong Cove, which it is developing with Iskandar Waterfront Holdings.

Group executive chairman Lang Walker told BT: "The opening of the sales office in Singapore will be very important to our Senibong project and it gives us a foothold in the Singapore market." But the billionaire has no interest in developing homes in Singapore where he thinks the market is mature and "(residential) products are very expensive".