SUBSCRIBERS

Country Garden treading cautiously

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

DeeperDive is a beta AI feature. Refer to full articles for the facts.

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.

Copyright SPH Media. All rights reserved.