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Country Garden treading cautiously

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Published Fri, Nov 28, 2014 · 09:50 PM

Singapore

UNDER its drive to expand overseas, Chinese developer Country Garden is keeping its eye on development projects in Singapore's city fringes and in Indonesia, where it is studying a few sites.

But given the headwinds in Singapore's residential market and the deterrent effect of the high stamp duties on foreign buyers, the Guangdong-based, Hong Kong-listed group has said it will tread cautiously.

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