24 Nov '14, 10am

China firm in Singapore keeps global horizon,

China firm in Singapore keeps global horizon,

Mr Tan says China developers in Iskandar have been pushing out too many units at one go. FILE PHOTO MCC Land (Singapore), which is part of a large Chinese state-owned conglomerate, has been operating in Singapore for almost two decades. But its vision goes beyond the local horizon. Having undertaken sufficient feasibility studies, the group is ready to set foot in Malaysia and Indonesia within the next two years. But it is treading a different path from its Chinese peers, whose zealousness in launching massive residential projects in Iskandar Malaysia has left them reeling from large unsold stock. "We have never given up on the goal of expanding outside of Singapore," Tan Zhiyong, the Mandarin-speaking managing director of MCC Land (Singapore) told The Business Times. "In the past few years, we have been focusing on Malaysia and Indonesia," he said. The group has spoken to...

Full article: http://www.stproperty.sg/articles-property/singapore-prop...

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