The company had already signed a letter of intent in early December to develop a mixed property development project in Wujin district, Changzhou, Jiangsu province.
"The investment in Wujin, Jiangsu, is an integral step to the crystallisation of Mah Sing's vision of establishing a global footprint and the group intends to develop an iconic project in Wujin," the company said in a statement.
Mah Sing's intention to explore other opportunities in Jiangsu was expressed by its group managing director, Tan Sri Leong Hoy Kum, to Jiangsu Party Secretary Liang Bao Hua during a meeting here Tuesday.
Present was DanLong president Xue Yong Zhe. According to the statement, Liang warmly welcomed Mah Sing's entry into Wujin and suggested the group to not only develop residential projects but also commercial projects including offices, and projects to support the logistics and services industry such as hotels.
He also highlighted the viability of exploring the coastal areas of Jiangsu where there can be more investment opportunities due to their current development status.
By Bernama
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