China player on Singapore soil
Govt's cooling measures may have hit Qingjian's business, but it'll benefit in the long haul, says its GM.
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
FOR an overseas Chinese developer that has operated in Singapore for the last 15 years, Qingjian Realty is rather empathetic towards the government's cooling measures which other local developers are wont to bemoan.
Qingjian Realty (South Pacific) Group general manager Li Jun told The Business Times (BT) why in a recent interview: "Cooling measures have indeed affected our business, but they are beneficial from a long-term perspective. In any market in which we want to do business for the long haul, we wouldn't want rapid price growth to result in a housing bubble that eventually bursts.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
