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Pacific Star Development rides on Asean's rising affluence

PC Lee
PC Lee • 2 min read
Pacific Star Development rides on Asean's rising affluence
SINGAPORE (Nov 24): UOB KayHian likes Pacific Star Development (PSD), the property investment and development firm, which is capitalising on the rising affluence and urbanisation trends in Asean, fuelled by a burgeoning middle income class and young demog
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SINGAPORE (Nov 24): UOB KayHian likes Pacific Star Development (PSD), the property investment and development firm, which is capitalising on the rising affluence and urbanisation trends in Asean, fuelled by a burgeoning middle income class and young demographics.

PSD, which listed in Feb following the completion of its reverse takeover of LH Group, invests and develops office, retail and residential properties in Southeast Asia. PSD operates in the luxury development space, which are luxury mixed-use, located in prime locations, fully fitted and ready for moving in. Its current two projects include the Puteri Cove Residences and Quayside, and The Posh Twelve.

PSD also provides aluminum works and the manufacturing of traction devices and vehicle parts.

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