3 August 2015

Singapore companies investing in China can get a leg up at the new Singapore Centre in Guangzhou

Source: Ascendas.

Singapore-based companies venturing into China can look forward to a one-stop service platform with the official opening of the Singapore Centre at Sino-Singapore Guangzhou Knowledge City (SSGKC). Named Singapore Centre @SSGKC (Singapore Centre), the centre is located within Ascendas OneHub GKC, an integrated business park within SSGKC.

The Singapore Centre brings together key agencies in China and Singapore and their resources to provide one-stop services for Singapore-based companies investing in China. It will be managed by business space solutions provider Ascendas, with support from IE Singapore, SSGKC Administrative Committee, Sino-Singapore Guangzhou Knowledge City Investment and Development Co., (GKC) and Action Community for Entrepreneurship (ACE) to assist in investment consultancy, government facilitation, business matching as well as streamlined company registration and set-up.

Companies can also take advantage of the business spaces, including plug-and-play facilities, that Ascendas offers at competitive rates, to facilitate their business entry and growth in China. To date, Singapore-based companies such as Nicolabs and Dentalthon have set up their operations in Ascendas OneHub GKC. Nicolabs makes health supplements, and Dentalthon is behind the MBrace clear dental aligners.

Chin Phei Chen, CEO of GKC said, “The launch of the Singapore Centre comes at an opportune time when SSGKC is ready to welcome the first group of companies to set up their businesses in OneHub. Through this initiative, we aim to position SSGKC as the preferred location for Singapore companies seeking entrance into the South China market.”
Wong Wing Kien, CEO of Ascendas China added, “With Ascendas’ strong expertise in Singapore and Asia as well as our deep understanding of the local market in China, we are confident that we will be able to work closely with all relevant parties, and contribute to the bilateral investment and industry development between Singapore and Guangdong.”

SSGKC is jointly developed by the Singbridge Group (Singbridge), a member of the Ascendas-Singbridge Group, and Guangzhou Development District (GDD). Ascendas-Singbridge was formed through the merger of Ascendas and Singbridge in June this year, combining the capabilities of two leading brands to originate, aggregate and provide urban and business space solutions across multiple industries and geographies. SSGKC and Ascendas OneHub GKC are good examples that showcase the expertise and capability of Ascendas-Singbridge in undertaking complex, large scale sustainable developments and providing end-to-end urban solutions.

With a vision to become a model and catalyst for Guangdong’s economic transformation, the 123-sq km SSGKC will be a unique, vibrant and sustainable city highly attractive to both talents and knowledge-based industries. Targeting key industries such as information & communication technology (ICT), biotechnology & pharmaceuticals, clean technology, next generation materials, culture & creative industries, and science & education services, SSGKC will support a 500,000-strong community when fully completed.

Located in the heart of SSGKC, Ascendas OneHub GKC is Ascendas’ flagship integrated business park development in Guangzhou, comprising business and commercial space, high-end residential and lifestyle amenities. When fully completed, Ascendas OneHub GKC will have a built-up area of 600,000 sq m.