Chinese real-estate developer Greenland Holding Group said Sunday that it plans to invest 20 billion yuan (US$3.3 billion) in two property projects in Malaysia, the Wall Street Journal reported over the weekend. The Shanghai-based group will build residential and serviced apartments and hotels in the two projects in Malaysia’s Johor state, the report said, citing a company statement. The projects, one of which would be the biggest single project in the country, are located along the coast of the Johor Straits and have a combined gross floor area of 2.3 million square meters, it said. Greenland plans to start construction within six months.
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