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New Opportunities for Expansion: Is Singapore's Ascendas-Singbridge Group in Malaysia?
Ascendas-Singbridge Group is one of the leading real estate companies in Asia, offering a range of services that help companies access commercial, industrial, and residential property. Although the company has a strong presence in Singapore and China, many people wonder if it has managed to expand into Malaysia. In this article, we will take a closer look at the Ascendas-Singbridge Group and find out if it is operating in Malaysia.
Ascendas-Singbridge Group Overview
The Ascendas-Singbridge Group was founded in 2001 as a result of a merger between two leading Singaporean real estate companies: Ascendas and Singbridge. Since then, the company has managed to expand its operations and currently has a presence in 11 countries across Asia, including Australia, China, India, and Vietnam. The company's core services include real estate investment, development, property management, and fund management.
Ascendas-Singbridge Group in Malaysia
So, does the Ascendas-Singbridge Group have operations in Malaysia? The answer is yes. In 2016, the company announced that it had acquired a 13.1-acre site in Iskandar Puteri, Johor, Malaysia, for RM 108 million. The site is set to be developed into a high-tech industrial park, slated to attract investors from various industries such as precision engineering, electronics, and research and development. The development is part of the company's broader strategy to expand its footprint in the region and cater to the growing demand for high-tech industrial spaces.
The Future of Ascendas-Singbridge Group in Malaysia
The Ascendas-Singbridge Group's foray into Malaysia is an excellent opportunity for the company to capitalize on the expanding market and support Malaysia's goal of becoming a high-income nation by 2020. While the company has been relatively quiet about its plans in Malaysia, there is a good chance that it will continue to expand its operations in the country. The government's emphasis on high-tech industries and the growing demand for industrial space in the region are all factors that will work in the company's favor.
In conclusion, the Ascendas-Singbridge Group has indeed managed to expand into Malaysia, and its entry into the market bodes well for its growth. With the company's experience and expertise in developing high-tech industrial parks, it is likely that it will play a significant role in supporting Malaysia's growth and development in the coming years.