{"id":55909,"date":"2017-05-25T11:17:30","date_gmt":"2017-05-25T04:17:30","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/logan-property-turns-to-singapore-in-its-bid-to-diversify\/"},"modified":"2017-05-25T11:19:08","modified_gmt":"2017-05-25T04:19:08","slug":"logan-property-turns-to-singapore-in-its-bid-to-diversify","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/logan-property-turns-to-singapore-in-its-bid-to-diversify\/","title":{"rendered":"Logan Property turns to Singapore in its bid to diversify"},"content":{"rendered":"


\n\u00a0
\nDrawn by the city-state\u2019s stable operating environment and low tax system, Logan Property Holdings marked its maiden foray into Singapore with a record $1.003 billion bid for a prime residential site in Stirling Road with Nanshan Group, reported The Straits Times.
\nLogan Property investor relations director Derek Lee revealed that the Hong Kong-listed developer \u201chas been paying close attention to the property markets in certain overseas core cities including Hong Kong and Singapore in recent years, with an aim to diversifying our land bank portfolio\u201d.
\nBased on the site\u2019s area of 21,109.5 sq m, the purchase price works out to S$1,050 per sq ft (psf) per plot ratio \u2013 which is on the high side according to the view of some analysts but reasonable for Logan Property.
\n\u201cThe company has conducted detailed investment analysis to come up with the bid\u2026 (We believe) the project is profitable and meets the company\u2019s internal margin and internal rate of return targets,\u201d said Lee.
\nStrategically located near a train station, the Stirling Road site can yield around 1,110 private homes. With the new development targeting Singapore buyers, the residential units are expected to go on sale next year, added Lee.
\nIndustry analysts expect the selling price to start from S$1,700 psf.
\nBoasting over 20 years of experience in housing development in greater China, Logan Property registered an annual contract sales of 28.7 billion yuan (S$5.8 billion) in 2016.
\n\u201cIt\u2019s ranked 32nd among the top 100 Chinese real estate developers in 2016, and owns a land bank of 14.08 million sq m in GFA (gross floor area),\u201d noted Colliers International Singapore research head Tricia Song.
\n\u00a0
\nThis article was edited by Denise Djong.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Logan Property turns to Singapore in its bid to diversify<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0 Drawn by the city-state\u2019s stable operating environment and low tax system, Logan Property Holdings...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-55909","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-exL","jetpack-related-posts":[{"id":57566,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developer-seeks-more-projects-in-singapore\/","url_meta":{"origin":55909,"position":0},"title":"Chinese developer seeks more projects in Singapore","date":"June 12, 2017","format":false,"excerpt":"\r 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,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103980,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-florence-residences-to-benefit-from-new-mrt-stations\/","url_meta":{"origin":55909,"position":1},"title":"The Florence Residences to benefit from new MRT stations","date":"February 14, 2019","format":false,"excerpt":"\r The new condo is near the existing Hougang MRT station, which will become an interchange station along the highly-anticipated Cross Island Line. Hong Kong-listed Logan Property is set to preview The Florence Residences on Saturday (16 Feb). Located in the Kovan area in District 19, the new condominium is\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":69556,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developer-acquires-another-residential-plot-in-singapore-for-us462m\/","url_meta":{"origin":55909,"position":2},"title":"Chinese developer acquires another residential plot in Singapore for US$462m","date":"October 20, 2017","format":false,"excerpt":"\r Shenzhen-based Logan Property has Singapore firmly in its sights. The company has bought a large scale residential site for S$629 million (US$462 million) \u2013 its second in the city within five months. The Hong Kong-listed firm won the bid for a project called Florence Regency located in Hougang district,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":69548,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hougang-condo-sold-for-629m-in-collective-sale\/","url_meta":{"origin":55909,"position":3},"title":"Hougang condo sold for $629m in collective sale","date":"October 20, 2017","format":false,"excerpt":"\r The owners of Florence Regency are expected to receive between $1.84 million and $1.89 million from the sale. (Photo: JLL) The 336-unit Florence Regency development at Hougang Avenue 2 has been sold to Hong Kong-listed developer Logan Property for $629 million, marketing agent JLL said on Friday (20 October).\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":69564,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hougang-project-sold-for-629m-in-collective-sale\/","url_meta":{"origin":55909,"position":4},"title":"Hougang project sold for $629m in collective sale","date":"October 20, 2017","format":false,"excerpt":"\r The owners of Florence Regency are expected to receive between $1.84 million and $1.89 million from the sale. (Photo: JLL) The 336-unit Florence Regency development at Hougang Avenue 2 has been sold to Hong Kong-listed developer Logan Property for $629 million, marketing agent JLL said on Friday (20 October).\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":92724,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mega-project-at-stirling-road-to-open-showflat\/","url_meta":{"origin":55909,"position":5},"title":"Mega project at Stirling Road to open showflat","date":"June 28, 2018","format":false,"excerpt":"\r Artist\u2019s impression of Stirling Residences, an upcoming residential project in Queenstown. Following a record bid last year of just over $1 billion, Hong Kong\u2019s Logan Property and China\u2019s Nanshan Group will now open the showflat of their Stirling Residences mega project in Queenstown for preview this Saturday (30 June).\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/55909"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=55909"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/55909\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=55909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=55909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=55909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}