Jiangsu

Keppel to develop smart IoT city in Wuxi with China's Envision Group

SINGAPORE (Dec 6): Keppel Urban Solutions, a wholly-owned subsidiary of Keppel Corp, has signed a memorandum of understanding (MoU) with Envision Group and Wuxi’s government to develop a “smart internet of things (IoT) City” in Xuelang Town, Taihu New City, Wuxi, China.

Adopting a city-industry integration model, Keppel and Envision plan to create a scalable and replicable model with a view to leading the development of the IoT industry and smart city transformation in China and other parts of the world.

Vibrant Group acquires Jiangsu industrial land for $4.9 mil

SINGAPORE (March 10): Vibrant Group has acquired a 50-year leasehold industrial land at Changshu High Tech Industrial Park, in Jiangsu, China.

The acquisition deal was signed by Vibrant Properties, a 60%-owned subsidiary company of Vibrant’s 80%-owned subsidiary, Fervent Industrial Development (Suzhou) Co.

The property, with a total land area of 76,553 sqm, was acquired in a public land tender for RMB 24.1 million ($4.9 million) or an average purchase price of RMB 315 psm.

Chiwayland subsidiary acquires land use rights for land parcel in Wuxi

SINGAPORE (Sept 20): Property developer Chiwayland International says its 60% subsidiary, Suzhou Chiway Shangcheng Real Estate, has won the bid for land use rights of a land parcel located at the East to Jinkui Park in Wuxi, Jiangsu Province, China.

The quantum of the winning bid was not revealed.

The land parcel comprises a site area of approximately 73,351 sq m, and any development on it is not expected to be completed before 2018.

Wuxi is located on the Yangtze River Delta and borders two large cities, Changzhou to the West and Suzhou to the East.

OPEC's crude too sour for oil-market upstart

Brent crude

SINGAPORE (Sept 7): OPEC’s biggest producers are playing second fiddle to smaller suppliers in a coveted corner of the oil market.

Chiwayland subsidiary acquires land use rights for land parcels in Wuxi and Suzhou

SINGAPORE (Aug 22): Property developer Chiwayland International says its subsidiary, Suzhou Chiway Shangcheng Real Estate, has been successful in its bids for the land use rights of land parcels in Binghu, Wuxi and Zhangjiagang, Suzhou, both of which are located in the Jiangsu province in China.

Chiwayland did not reveal the quantum of each winning bid.

The land parcels comprise site areas of 11,782 sqm and 34,180 sqm in Wuxi and Suzhou respectively.

Any development on either land parcel is not expected to be completed before 2018.

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