Logan Property Holdings Wins USD463 Million Singapore Housing Development Deal
Dou Shicong
DATE:  Oct 20 2017
/ SOURCE:  Yicai
Logan Property Holdings Wins USD463 Million Singapore Housing Development Deal Logan Property Holdings Wins USD463 Million Singapore Housing Development Deal

(Yicai Global) Oct. 20 -- Guangdong province-based Logan Property Holdings Co. [HK:3380] has secured a large housing development deal priced at USD463.62 million (HKD3.62 billion) in Singapore, the second Singaporean property development project contracted to the firm. 

The real estate developer won a property development project on Singapore's Hougang Avenue, it announced yesterday. The plot measures about 36,200 square meters in land area and will have about 101,300 square meters in floor area, with approximately 1,446 units to be built. 

The project occupies a prime location, which is 760 meters away from the Hougang metro station, 25 minutes away by car from Changi Airport, and 21 minutes by car from the financial district. The area offers excellent public amenities, including a stadium, several shopping centers and schools. 

Logan Property Holdings previously acquired another large housing development in Queenstown in partnership with Shandong province-based conglomerate Nanshan Group on May 18, with a joint investment of HKD5.6 billion, the firm noted. 

Established in 1996, Logan specializes in developing real estate in Guangdong, Hong Kong and Macau. It has developed 60 projects for more than 500,000 residents. It branched out into the Singaporean market following its initiation of a globalization drive this year.

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Keywords:   Logan Property Holdings Company,Singapore,Changi Airport