China’s growing business presence in Singapore

Normanton Park was sold en bloc in 2017 to Chinese developer Kingsford Huray Development for S$830.1mil. The main contractor for the site is MCC Singapore, a subsidiary of a China state-owned enterprise, - The Straits Times/ANN

Beijing/Singapore (Dec 1, ANN): The cranes and their operators are hard at work at the former Normanton Park, preparing the 6.14ha site for a new residential estate. Home to many Singapore Armed Forces staff and their families since the 1970s, it was sold en bloc in 2017 to Chinese developer Kingsford Huray Development for S$830.1mil.

It is hard to miss China’s growing presence across the island and the infusion of Chinese money into Singapore’s economy.