22 Dec '14, 9am

Greenland confident of Iskandar ventures

Greenland confident of Iskandar ventures

Comment E-mail to friend Bookmark & Share Shanghai-based Greenland Holdings Group remains bullish of its two ventures in Iskandar Malaysia despite fears of a property glut within the economic region, reported the media. One of its projects is a 5.21ha mixed development project in Permas Jaya while the other is the 5.65ha serviced condominium luxury project, Jade Palace at Danga Bay. “We believe that in the next three to five years a lot of factories in the republic (Singapore) will shift their operations to Iskandar Malaysia, and this will have a spillover effect on the economic region and even help long-term development in the state,” said Greenland Group’s general manager for Malaysia Wu Shaohua after the opening of the company’s show gallery at Menara Landmark. “Look at Singapore, which has a population of about five million. There are new projects being launched from t...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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