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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 sourcePublished Tue, Oct 7, 2014 · 09:50 PM
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.
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