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SINGAPORE, Feb. 3, 2021 /PRNewswire/ In 1993, Goh Chin Soon traveled to Qingdao with an investment group that had been organized by the former Singapore prime minister Goh Chok Tong. In September of that year, Goh signed a development contract with the Qingdao High-Tech Park Management Committee; Song Fatang, the Executive Vice Governor of Shandong Province, Secretary Yu of the Qingdao Municipal Committee, and Mayor Qin of Qingdao City were all present at the ceremony. Subsequently, investments were made in three projects in Qingdao that year, including Qingdao International City, Qingdao Marina City, and Qingdao International Beer City, covering totally 8,466 mu of land. Overall, the development of 6,000 houses, villas, apartments, and shops began on approximately 600,000 square meters of land. This development quickly attracted even more investment, which caused land prices there to soar.