12 Jun '17, 3am

Chinese developer seeks more projects in Singapore

Logan Property, a developer listed in the Hong Kong bourse, is considering other residential and commercial projects in Singapore, particularly those situated in prime areas, reported The Business Times. In May, the firm and Chinese conglomerate Nanshan Group secured the residential site at Stirling Road for over SGD1 billion, which works out to SGD1,050.7 psf per-plot-ratio for the large 99-year leasehold land parcel. This represented Logan Property’s maiden expansion into Singapore and its first international project. It is also confident that the development would become profitable given its location in the mature estate of Queenstown. According to its Investor Relations Director Derek Lee, they have been studying to enter the city-state’s market for “quite a long time”. They decided to go ahead with their project here due to the ease of doing business and the tighter p...

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

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