SINGAPORE (Aug 8): Over the span of a year, a team of senior executives at Chinese developer Logan Property Holdings Co. made frequent trips to Singapore as the company sought to make a big splash for its entrance into the city-state's market.

In May, their efforts paid off: A joint venture between Shenzhen-based Logan and Chinese conglomerate Nanshan Group won a government-run auction for a residential site, paying $1 billion -- setting a local record for such a property deal.

Chinese developers looking to diversify beyond the heated real-estate markets of the mainland and Hong Kong have Singapore in their sights, as residential-property prices in the Southeast Asian country appear to be poised for a near-term rebound after years of declines, analysts said.

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