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Developer’s Profile Founded in 1996 Core Business: Property Development Track Records/Accolades • At least 110 Residential Projects in China, HK-Macau, Nanning – Guangxi • 295 th of Fortune China’s Top 500 Companies • 26 th China Top 100 Real Estate Developers • 4 th Top 10 Most Profitable Companies Stirling Residences will be their 1st flagship project in Singapore.
Developer’s Profile • Found 1978 • Business: Aluminium, Textile, diversified into other business like Tourism, Education, Wine, Aviation, Finance, Health & Real Estate • Track Records/Accolades • Thomson Impressions • Annual Top Risk Management Financial Company Award for “2016 Gold Medal List of Chinese Financial Institutions” • 167th in Top 500 Chinese Enterprises and the 70th in Top 500 Enterprises in Chinese Manufacturing Industry with the operation revenue of RMB 82.2 Billion Yuan. • Nanshan Finance Co., Ltd. was rated as A Level and won the honorary title of “Innovative Finance Company” • 161st in “Top 500 Chinese Enterprises in 2015” and the 68th in Top 500 Enterprises in Chinese Manufacturing Industry with the operation revenue of RMB 84.623 Billion Yuan.
Logan Property 龙光地产 • Headquartered in Shenzhen but listed in Hong Kong, Logan Property Holdings has three businesses: property development, property leasing and construction contracts. The Singapore subsidiary was incorporated in August last year. • Besides its residential property projects in China’s Pearl River Delta region, Logan Property is also well -known for having the world’s youngest (and prettiest) billionaire in Forbes’ 2014 billionaire list. • Hong Kong resident Perenna Kei Hoi Ting has a net worth of US$1.3 billion at age 24 when her father, Logan Property founder Kei Hoi Pang (Ji Haipeng), gave her 85 per cent of the company through a family trust and multiple companies. • In Singapore, Logan Property is well-known for partnering with Nanshan Group to submit the highest bid for the residential site in Queenstown Stirling Road. The bidding price of S$1.003 billion broke the record price at a government land auction. • Logan Property told the media that the price of S$1,050 psf was reasonable. The Chinese developer believed that the project would be profitable since it meets the company’s targets for internal margin and internal rate of return. Nanshan Group ( 南山集 团 ) • After the Chinese Economic Reform in 1978, Nanshan Group’s legendary founder Song Zuowen led the whole Shandong village from agriculture to the path of industrialisation. It is now a highly-diversified conglomerate with operations in aluminium, textile, finance, tourism, aviation, education and real estate. • Nanshan Group Singapore Co. was under the leadership of the founder’s eldest son Song Jianbo whose family resided in Singapore. The company has been eyeing to expand in the Singapore property market for a long time. In the past 12 months, it participated in 8 out of 11 tenders in GLS auctions. • In 2013, the company bought Park Regis along Merchant Road for S$250 million. A year later, it acquired the former Midlink Plaza at S$270 million and redeveloped it into the 396-room Mercure Singapore Bugis. • In the same year, Nanshan submitted the highest bid of S$173.57 million to beat 17 other bidders and drove home the residential site at Sin Ming Avenue. The plot was used to build Thomson Impressions. • Following that, it spent S$160 million to acquire the old Irving Industrial Building in Tai Seng through a collective sale. The Singapore office of Nanshan Group also moved into the new building after it was completed. Source: https://www.99.co/blog/singapore/chinese-developers/
Thomson Impression by Nanshan Group ( 南山集团 )
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