{"id":57566,"date":"2017-06-12T10:22:56","date_gmt":"2017-06-12T03:22:56","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developer-seeks-more-projects-in-singapore\/"},"modified":"2017-06-12T10:30:06","modified_gmt":"2017-06-12T03:30:06","slug":"chinese-developer-seeks-more-projects-in-singapore","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developer-seeks-more-projects-in-singapore\/","title":{"rendered":"Chinese developer seeks more projects in Singapore"},"content":{"rendered":"


\nLogan 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.
\nIn 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 for the large 99-year leasehold land parcel.
\nThis represented Logan Property\u2019s 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.
\nAccording to its Investor Relations Director Derek Lee, they have been studying to enter the city-state\u2019s market for \u201cquite a long time\u201d. They decided to go ahead with their project here due to the ease of doing business and the tighter property cooling measures.
\n\u201cWe find that the Singapore market, particularly the operating environment and the business environment, is relatively business-friendly,\u201d he noted, adding that the company will continue to take part in upcoming land tenders here.
\nIn comparison, developers in China are struggling after the government introduced more stringent curbs since last October, like imposing restriction on developer financing and public land auctions.
\n\u201cWe are not giving up our Chinese property market but we do need to, and we also want to, look around,\u201d he explained.
\n\u201cWe want to deploy more resources to have more overseas assets\u2026 to diversify our land bank portfolio, hedge the US dollar against the renminbi, and to raise our profile through brand building.\u201d
\nWith a market capitalisation of HKD27.9 billion (SGD5 billion) as of last week, Logan Property has largely focused on its home province of Guangdong, as well as Hong Kong and Macao\u2019s Greater Bay area.
\nIts flagship development, the five million sq ft. Logan City in Shenzhen, clinched the ninth spot in China for the most number of property purchases last year.
\n\u00a0
\nChristopher Chitty, Senior Content Specialist at PropertyGuru, edited this story.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Chinese developer seeks more projects in Singapore<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Logan Property, a developer listed in the Hong Kong bourse, is considering other residential and...<\/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-57566","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-eYu","jetpack-related-posts":[{"id":69556,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developer-acquires-another-residential-plot-in-singapore-for-us462m\/","url_meta":{"origin":57566,"position":0},"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":55909,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/logan-property-turns-to-singapore-in-its-bid-to-diversify\/","url_meta":{"origin":57566,"position":1},"title":"Logan Property turns to Singapore in its bid to diversify","date":"May 25, 2017","format":false,"excerpt":"\r \u00a0 Drawn 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. Logan Property investor relations director Derek Lee\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":77832,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-now-holds-the-largest-residential-land-bank\/","url_meta":{"origin":57566,"position":2},"title":"Oxley now holds the largest residential land bank","date":"January 24, 2018","format":false,"excerpt":"\r After a flurry of overseas ventures, Oxley Holdings now holds the biggest residential land bank in Singapore by the number of dwelling units at almost 4,000 units, reported Business Times. This comes after the Singapore-listed developer acquired huge en bloc sites such as Rio Casa and Serangoon Ville via\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":55343,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developers-submit-another-record-bid-for-land-this-time-in-singapore\/","url_meta":{"origin":57566,"position":3},"title":"Chinese developers submit another record bid for land, this time in Singapore","date":"May 19, 2017","format":false,"excerpt":"\r A residential plot in Singapore may fetch a record price for a government land sale, with a Chinese consortium putting in the highest bid at S$1 billion (US$718 million). Logan Property (Singapore) Co. and Nanshan Group Singapore Co. put in the highest bid in the Stirling Road land auction\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22584,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/4-reasons-why-indonesians-invest-in-singapore\/","url_meta":{"origin":57566,"position":4},"title":"4 reasons why Indonesians invest in Singapore","date":"August 11, 2016","format":false,"excerpt":"\r Many buyers of the Cairnhill Nine development in the Orchard area are Indonesians. (Photo: CapitaLand) Wealthy Indonesians have long had an interest in collecting residential properties in Singapore. In 2014, Indonesia accounted for 24 percent of Singapore\u2019s property purchases, and while foreign investments in general slowed last year, including\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":21957,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/this-developer-is-avoiding-the-singapore-property-slump-heres-how\/","url_meta":{"origin":57566,"position":5},"title":"This developer is avoiding the Singapore property slump \u2013 here\u2019s how","date":"August 4, 2016","format":false,"excerpt":"\r Office rentals to tide Ho Bee Land over until the Singaporean market is ready for residential Singaporean property investor Ho Bee Land, has been reaping the rewards of its gear shift this decade, playing up office space leasing and shying away from selling residential developments. Revenues in the first\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\/57566"}],"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=57566"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/57566\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=57566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=57566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=57566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}