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SINGAPORE: China's southwestern Guangxi province is establishing itself as an investment hotspot, with its real estate sector poised for further growth.
The 19-storey condominium is a landmark in Nanning city, capital of China's southwestern Guangxi province.
The high-end waterside project is located in the Singapore Town development, a multi-million dollar project by Singaporean investors.
The Phase Two units are selling for S$850 per square metre. When completed, it will also have a shopping mall to cater to residents' needs.
The project's first phase was launched three years ago and units were sold out within a short period. This took the Singapore developer Poh But Chay by surprise.
During the construction of the Singapore Town, Mr Poh said he faced problems such as inadequate electricity and water supplies.
But it was his faith in Nanning's property sector, and his determination to press on despite the difficulties, that Nanning residents are now able to experience this Singapore development.
Mr Poh said foreign investors must understand how the local government works to get things done faster, in a shorter time.
According to Mr Poh, the Singapore brand stands for quality, and with only the best materials used for the project, it's no wonder why 60 per cent of the units are snapped up by the locals within a year of its launch. - CNA/vm/ir
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