20 August 2019

Greenland to invest US$3.3 bln in Malaysia projects, WSJ says

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.

– Contact HKEJ at [email protected]



EJI Weekly Newsletter

Please click here to unsubscribe