One more Chinese developer wants a slice of Iskandar
Weiye also hopes to expand into S'pore, says group chairman
Add BT as a preferred source[SINGAPORE] Another Chinese property developer is looking at developing homes in Malaysia's Iskandar, unfazed by recent negative publicity surrounding some Chinese projects there and a potential avalanche of residential supply in the special economic zone in Johor Bahru.
Iskandar is likely the first overseas stop for Henan-based Weiye Holdings, followed by Singapore, in the next six months - on top of the group's expansion plans within China, according to Zhang Wei, group chairman of the Singapore-listed company.
"We are entering talks for potential cooperation in projects in Malaysia and Singapore," the Mandarin-speaking Mr Zhang said in a recent interview. "Our next steps would be to look at emerging markets in Asia where there is healthy growth in the property market such as Myanmar."
