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China’s growing business presence in Singapore
Chinese companies have pumped in $41.8b, bringing with it cultural influences and work practices.
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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 $830.1 million.
The Chinese connection does not end there. The main contractor hired to develop the site is MCC Singapore, a subsidiary of China Metallurgical Group Corporation (MCC Group), a China state-owned enterprise and one of the world’s largest contractors of metallurgical construction.
