Surbana Jurong, Vanke to develop industrial new towns in China

Singapore

TEMASEK-owned Surbana Jurong has inked a memorandum of understanding with Vanke Industrial Town Midwest (Vanke) - a unit of China Vanke - to jointly develop industrial new towns in China's midwest regions.

According to the firms, an industrial new town is an urban development model in China which integrates industrial developments and urban living. It aims to create sustainable cities for residents to live and work in.