Greenland biding its time to enter Singapore market

Singapore

TO be in the right place at the right time underscores the reason behind Greenland Holding Group's decision not to enter Singapore this year but also drives its interest to do so next year.

Having turned away from tabling a bid for a land parcel here in August, the Chinese state-owned developer is now actively studying upcoming land tenders in Singapore, said Greenland group executive vice-president Xu Jing.

"Because Singapore's land supply is low, competition is more intense. That's why we have not entered Singapore yet," Mr Xu told foreign media recently in Shanghai.

Given Greenland's strengths in mixed-use developments, the Shanghai-based developer is keen to undertake large-scale…