"We are confident that our first joint development project in Tanah Merah will set the pace for future collaborations in Singapore and China, " Vanke President Yu Liang said.

WSJ: Vanke Takes Stake in Singapore Condominium Project

"For example, the decision to provide new housing to the villagers from Tanah Merah, which must be physically moved, has led to parallel demands by villagers from the north shore (of the bay), " the report says.

BBC: Oil giant gets Indonesia warning