Overview
Building its reputation as one of the most stable economies globally, Singapore ranks among the most expensive property markets
Singapore, a country with a little under 729 Sq. Km of land, astonishingly has a real estate industry that has been thriving since 1960, and consists of building constructions, public housing, residential dwellings and industrial property. A government established entity known as the Urban Redevelopment Authority (URA) was created with the prime purpose of conserving significant buildings, designing of the overall country, managing car parks, selling land and developing programmes for strategic land use in Singapore.
The lucrative real estate industry does not confine itself to Singaporean residents alone but includes an influx of investors and foreign migrants as well. This is due to the recognition received as a top destination for property investment in all of South-East Asia. Additionally, real estate is recognized as a key sector of the Singaporean economy, accounting for ~3% of GDP.
As a result, the past five years have shown that property constitutes half of the absolute fixed capital formation of the country. Thus, the property market of Singapore has successfully evolved into a top property investment destination in South-East Asia. The political stability and business reliability amid a strong financial backdrop are contributing factors towards the thriving success of real estate in Singapore.
Key Trends
Residential market upholds property sector amidst COVID-19 pandemic
The real estate sector reached a three-year high in 2021, as sales were revived both in the office sector as well as public and private housing sectors, despite lockdowns and restrictions.
However, it cannot be denied that the initial months of the pandemic did look grim, as apartments were shut, construction halted, rental income limited as less foreigners arrived, and physical viewing was prohibited. Sector GDP declined by ~19% YoY for 2020.
Nonetheless, one of the key strengths of Singapore’s real estate sector is its ability to regain its composure despite facing an economic crisis. This is not relevant to just the pandemic, but has been the case throughout history, making real estate one of the most resilient industries in Singapore. The sector saw a recovery from the second quarter of 2021, registering 27.5% YoY growth in sector GDP, primarily supported by the residential property market.
Moreover, the government too rendered its support by offering relief to the homeowners paying mortgages. Homeowners were granted payment holidays with the option to defer principal and interest payments. Moreover, additional relief was provided to owners who faced reduced income by lowering loan repayment amounts for a period of six months.
As the year 2020 progressed, private and public housing kept booming with more people looking for larger and more spacious houses as the new normal promoted increased time spent at home. Further, virtual viewing of properties was adopted instead of physical viewing. A prime reason for the demand stability was the maintenance of controlled prices. The sellers of property were cautious enough to avoid making their properties unaffordable as the real estate market is extremely price sensitive hence, making affordable properties move more swiftly. Therefore, the sale of larger homes in the suburbs has become more popular.
Government implements cooling off measures for the residential property sector to keep housing affordable
With residential property prices rising by 10.6% YoY in 2021, the government has taken steps to reduce demand for residential properties and stabilize property prices. Some of the key measures taken have been to increase stamp duty. For those purchasing a second home, stamp duties have been increased from 12% to 17%, while duties have been raised from 15% to 25% for the third and subsequent properties.
The government also tightened the total debt repayment ratio threshold from 60% to 55%. This would mean that an individual’s total monthly loan payments, including mortgages, cannot exceed 55% of their total income.
Commercial real estate sector poised to make a strong comeback in 2022
Commercial real estate, which remained relatively sluggish till mid-2021, is also looking to make a comeback. As per Real Capital Analytics, the commercial real estate market rebounded strongly in 2021, recording deals worth USD 9.6 billion across all property types compared to just USD 3.2 billion in 2020. These deals were mainly supported by overseas investments, which amounted to USD 5.3 billion.
Rental yields in particular are expected to double to 4.6%, as per Cushman & Wakefield, particularly amidst a resurgence in office space demand and given the tight supply of Grade A Central Business District (CBD) offices. Moreover, the continued growth in tech and finance businesses continues to fuel a healthy appetite for office space as companies expand headcount.
In addition, the CBD Grade A market for co-working space is also expected to see a pickup in 2022 with the segment now accounting for ~5.5% of the available CBD Grade A office space, or 1.7 million square feet. As per Cushman & Wakefield, this segment is growing in popularity as co-working space arrangements draw in cost-saving benefits, and offer flexibility and convenience, making them a suitable work environment for a variety of occupants ranging from start-ups to smaller organizations or larger enterprises.
On the other hand, the retail property market is expected to progress amid an increase in familiarisation with the new retail environment post-pandemic. However, property investment in the retail sector is expected to be sluggish as there will be cautious investment due to the ambiguous situation. This can be abated through offering a moderate supply.
Likewise, the hotel real estate industry is being revived through a USD 90 million investment introduced by the Singapore Tourism Board known as BOOST (Building on Opportunities to Strengthen Tourism). This initiative is expected to draw in tourists through an increase in business and incentive travel, conventions and exhibitions. The stability in the commercial property market is secured through low interest rates, economical loans and the supply of inexpensive apartments for investment.
Real Estate sector more open to technology innovations post-COVID
Singapore’s real estate sector is not spared of digitization. Year 2020 and 2021 saw increasing demand for online property listing websites, with customers being able to view properties through digital platforms amid pandemic travel restrictions. This alters the common norms of the industry as the transactional and economical outlook changes.
In addition, there has been increasing use of emerging technologies such as artificial intelligence (AI), drones and Internet-of-Things (IoT) devices post-pandemic. In particular, construction companies are now opting to survey construction sites through drones, which are equipped with scanners that can take thermal images of a building. This will replace traditional manual tests for detecting air and water leakages, as well as defects in the exterior facades of buildings. In addition, AI is now being used for predictive maintenance and carrying out building inspections remotely.
Key Statistics
- In the residential real estate sector, the total number of landed properties remained at 68,400. According to the URA, the private residential index increased by 2.21 % YoY in 2020, 2.67% in 2019, 7.85% in 2018 and 1.09% in 2017
- A total of 80% of the population lived in government owned HDB flats while the number of those living in private residences are ~220,100
- The home ownership rate among residents in Singapore is 87.9%. This was comparatively lower than in the previous year due to the circuit breaker period
- Total retail investment sales in 2020 worked out to approximately USD 2.68 billion
Top Singapore MNCs in Real Estate Companies
SAVILLS (SINGAPORE) PTE. LTD.
Savills plc, founded in 1855, is a global real estate services business. It has a global network of associates in the United States, the United Kingdom, continental Europe, Asia-Pacific, Africa, and the Middle East. Savills Singapore serves the needs of investors, owners, and occupiers by providing transactional assistance, property management, consultancy, and asset management experience, with a focus on capital markets transactions. It also offers a broad range of business valuation and advice services in the regional market across a variety of industry sectors. Savills plc has been recognised as "best in class" in a variety of services spanning commercial, residential, and rural property over the years and was named Residential Consultancy Practice of the Year in 2018.
LENDLEASE SINGAPORE PTE. LTD.
Incorporated in 1973, Lendlease is a multinational real estate and investment firm with a focus on transforming cities and building strong, connected communities. Many civic, artistic, and socially significant projects have been entrusted to Lendlease, including the Sydney Opera House, the National September 11 Memorial & Museum in New York, and the restoration and renovation of historic structures such as London's Tate Britain and National Theatre. Its headquarters are in Sydney, and the employees are spread throughout four operating regions: Australia, Europe, the Americas, and Asia. Lendlease has received the highest-tier grade of 5 stars for its ESG performance in the Asia Retail categories under the 2021 GRESB evaluation.
CBRE PTE. LTD.
CBRE was founded in 1977 and it is the world's largest commercial real estate services and investment corporation. It is headquartered in Dallas. CBRE's Southeast Asia regional hub is headquartered in Singapore. CBRE provides an integrated suite of services, including facilities, transaction and project management, property management, investment management, appraisal and valuation, property leasing, strategic consulting, property sales, mortgage services, and development services. It has been recognised as one of Fortune's "Most Admired Companies" for nine years in a row, including being placed first in the real estate industry for the third year in a row in 2021.
CUSHMAN & WAKEFIELD (S) PTE LTD
Cushman & Wakefield is a worldwide real estate services organisation that provides great value to real estate occupiers and owners. Cushman & Wakefield has a presence across 400 locations in 60 countries. It serves real estate owners and occupiers by providing a comprehensive array of services via its integrated and scalable platform. The company provides a complete range of services such as property, facilities, project management, leasing, capital markets, and valuation. Cushman & Wakefield won seven accolades at the 2021 Asia-Pacific Property Awards, following six RICS awards in 2020.
COLLIERS INTERNATIONAL (SINGAPORE) PTE LTD
Colliers International is a global leader in diverse professional services and investment management. It collaborates in 64 countries to provide clients with real estate and investment advice. For more than 27 years, Colliers has exploited the potential of property and real estate assets to accelerate the success of its clients, investors, and employees. It provides a broad variety of services to real estate occupiers, owners, and investors globally, never competing with clients and choosing to be the ultimate and unbiased choice in global real estate services.
JONES LANG LASALLE PROPERTY CONSULTANTS PTE LTD
Established in 1980, Jones Lang LaSalle is a real estate-focused professional services firm. The firm provides integrated services given by skilled teams throughout the world to clients wishing to maximize the value of their real estate by owning, occupying, or investing in a wide range of real estate assets, including industrial, commercial, retail, residential, and hotel properties. Jones Lang's clients come from a variety of industries, including banking, energy, healthcare, law, life sciences, manufacturing, and technology.
HONGKONG LAND (SINGAPORE) PTE. LTD.
Hongkong Land is a large multinational property investment, management, and development company. Hongkong Land's business, founded in 1889, is based on excellence, ethics, and collaboration. It has premium office and luxury retail properties in key Asian destinations, primarily Hong Kong, Singapore, Beijing, and Jakarta. Its properties attract the world's most prestigious corporations and luxury brands. In addition, the group is developing a variety of high-quality residential, commercial, and mixed-use projects in cities throughout China and Southeast Asia.
LIST INTERNATIONAL REALTY PTE. LTD.
Incorporated in 1991, List International began as a residential real estate agency in Japan and has expanded into property management, investment management, development, and construction. Japan, Hawaii, the Philippines, Singapore, Hong Kong, Thailand, Indonesia, and Vietnam are among its markets. It is one of the largest luxury residential brokerages in Singapore and the area, with an international network and excellent digital marketing capabilities. List International Realty won four prizes at the Asia Pacific Property Awards in 2019.
KNIGHT FRANK PTE LTD
Knight Frank, founded in 1940, is one of the country's first real estate firms. It has been entrusted with multi-million-dollar projects throughout the government and private sectors, in both local and worldwide markets, owing to the richness of 80 years of experience. Knight Frank is headquartered in London and operates 523 offices in 60 locations throughout the world. It delivers a global service that is locally expert and globally connected by operating in locations where its clients require it to be. The company cultivates long-term connections that enables it to deliver personalised, straightforward, and thoughtful advice on all aspects of property in all significant markets. In 2021, Knight Frank received six customer experience awards.
ALLGREEN PROPERTIES LIMITED
Allgreen Properties is the Kuok Group's real estate subsidiary in Singapore, which was founded in 1986. Allgreen is one of Singapore's major property groups, renowned for its high-quality goods and a track record of excellent project take-up. It has 35 subsidiaries and 13 affiliated entities. Allgreen's development portfolio includes a mix of condominiums, terrace homes, and semi-detached homes. Allgreen acquires land from private parties and participates in government-organised land tenders. Allgreen Properties has also developed residential and commercial properties, offices, serviced apartments, and hotel projects in numerous locations around Mainland China and Vietnam through joint ventures.
Top Singapore Large Local Enterprises in Real Estate Companies
CITY DEVELOPMENTS LIMITED
City Developments Limited (CDL) is a leading global real estate company which was established in 1963. CDL is a subsidiary of the Hong Leong Group of Singapore. It has more than 55 years of real estate development, investment, and management expertise. It has a presence in over 112 locations across 29 countries and regions. Residences, offices, hotels, serviced apartments, shopping malls, and integrated developments form its income-stable and geographically diverse portfolio. CDL received the Quality Excellence Award for the seventh consecutive year at the Building and Construction Authority Awards 2020.
CAPITALAND PTE. LTD.
CapitaLand Group is one of Asia's most diverse real estate conglomerates, incorporated in 1989. CapitaLand, headquartered in Singapore, has a diverse real estate portfolio that includes integrated developments, retail, office, lodging, residential, business parks, industrial, logistics, and data centres. With a presence in over 250 cities across 30 countries, the group focuses on Singapore and China as its core markets, while also expanding in markets such as India, Vietnam, Australia, Europe, and the United States. Its reputed expertise in master planning, land development, and project execution has earned it numerous awards, including the Building and Construction Authority Quality Excellence Award and the FIABCI Prix d'Excellence Award.
MAPLETREE INVESTMENTS PTE LTD
Established in 2000, Mapletree is a Singapore-based real estate development, investment, capital, and property management firm. Its long-term strategy is to invest in markets and real estate sectors with high growth potential. The company has set up a track record of award-winning projects and delivers consistent and high returns across real estate asset classes by combining its key strengths. The group's assets are spread across 13 markets worldwide, including Singapore, Australia, China, Europe, Hong Kong, India, Japan, Malaysia, UK, US, and Vietnam. Over 300 awards have been bestowed upon Mapletree in recognition of its achievements in the real estate industry.
GUOCOLAND LIMITED
GuocoLand Limited, a real estate company with operations in Singapore, China, Malaysia, and Vietnam, has been listed on the Singapore Stock Exchange since 1978. GuocoLand is principally engaged in property development, property investment, hotel operations, and property management. The group's portfolio spans the region and includes residential, hospitality, commercial, retail, and integrated mixed-use developments. Numerous awards and accolades have been bestowed upon the group, both locally and internationally. The group has completed 36 residential projects, such as apartments and homes.
FRASERS PROPERTY LIMITED
Incorporated in 1963, Frasers Property is a development firm of real estate products and services spanning the property value chain. The businesses operate in five types of investments, such as residential, retail, commercial and business parks, industrial and logistics, and hospitality. The Group has operations in Southeast Asia, Australia, Europe, and China. Its well-established hospitality division operates serviced apartments and hotels in more than 70 cities and 20 countries across Asia, Australia, Europe, the Middle East, and Africa. In addition, Frasers Property is the sponsor of two SGX-ST-listed real estate investment trusts and one stapled trust. Frasers Logistics & Commercial Trust and Frasers Centrepoint Trust both specialise in retail, industrial, and commercial assets.
PROPNEX LIMITED
PropNex Realty is Singapore's publicly traded real estate agency, which was founded in the year 2000. As a trusted in-house firm, it provides seamless and best-in-class services to assist customers in realising their homeownership dreams and guiding their real estate investment journey. As an experienced specialist in both public and private property, it uses its extensive knowledge to empower its employees and clients to leave legacies for future generations. PropNex also provides consulting services through a number of strategic business units, including Project Marketing, Investment Sales, the Valuation Department, Corporate Leasing, and the Auction Department.
OXLEY HOLDINGS LIMITED
Oxley Holdings Limited is a Singaporean property development and investment firm incorporated in 2010. The group's rapid expansion has resulted in a burgeoning presence both locally and internationally. It now has a presence in twelve different geographical markets. Oxley's expertise is not limited to property development; the group also provides project management and consultancy services in Myanmar. Its development portfolio includes high-quality residential, commercial, and industrial projects. The group's preferred developments include prime locations, desirable lifestyle features, and preferred designs.
FAR EAST MANAGEMENT (PRIVATE) LIMITED
Since its inception in 1960, Far East Management has been a private property developer in Singapore, with a growing reputation for creating innovative and functional spaces while also offering enriching experiences and value to its customers. With over 780 developments in the residential, hospitality, retail, commercial, and industrial sectors - including private homes in Singapore - Far East Management has contributed to the transformation of Singapore's urban landscape. Far East Orchard has formed hospitality partnerships with The Straits Trading Company and Toga Group, both of which are based in Australia. The Far East Organization has received 12 FIABCI World Prix d'Excellence awards, the highest honour in the international real estate industry.
ERA REALTY NETWORK PTE LTD
Since its inception in 1982, ERA Singapore has grown to become a real estate agency, with a presence in ten countries. ERA is a wholly-owned subsidiary of APAC Realty Limited. The group has a vast presence across the globe throughout Asia-Pacific. It provides a wide range of professional services and solutions, including private and HDB residential resale, residential leasing, project marketing, commercial and industrial property management, auction, valuation, and research. In 2018, ERA was named Top Property Agency by Influential Brands, Most Innovative Real Estate Agency at the SBR Listed Companies Awards, Favorite Real Estate Agent Award, and Marketing Agency Excellence Award.
BUKIT SEMBAWANG ESTATES LIMITED
Bukit Sembawang Estates (BSEL) is a Singapore-based public-listed company founded in 1967 with a focus on property development, investment, and other property-related activities. As one of Singapore's pioneering residential property developers, BSEL has a reputation for delivering high-quality landed homes, private condominiums, and apartments.The company is dedicated to designing and building distinctive homes of the highest quality that meet its customers' aspirations and lifestyles for generations to come. The company's project portfolio includes 8 St. Thomas, The Vermont on Cairnhill, Skyline Residences, Nim Collection, Luxus Hills, and Mimosa Terrace. BSEL was named one of the "Singapore Top Ten Developers" by BCI Asia in 2017.
Top Singapore SMEs in Real Estate Companies
GATEWAY THEATRE PTE. LTD.
Gateway Theatre is a brand-new multi-theatre venue in Bukit Merah Central. It aspires to be a creative arts space that promotes Made-in-Singapore artwork and talents of all cultures, while also developing an appreciation for the arts in Bukit Merah and throughout Singapore. It has been creating and producing home-grown theatre, magic shows, and corporate events since 1993. Its centrepiece shows have been shown all over the world, from Shanghai to Singapore, and they continue to captivate audiences with their unique, cutting-edge content. Gateway Theatre hosts a wide range of performances, both large and small, in a variety of genres and styles.
OHMYHOME PTE. LTD.
Ohmyhome was founded in 2016 and is Singapore's first PropTech marketplace for housing transactions, as well as a CEA-licensed real estate agency that streamlines the buying, selling, and renting of homes. Ohmyhome is Singapore's first one-stop property solution for all housing needs, offering hassle-free solutions ranging from agents to mortgages to conveyancing. It began as a free self-service platform for users to list and search for homes, and has evolved into a one-stop property platform offering end-to-end services to all. Ohmyhome is now a multi-award-winning property technology start-up in Southeast Asia, with offices in Singapore, Malaysia, and the Philippines.
ROBERT KHAN & CO PTE LTD
After more than 20 years in the valuation and auctioneering business, Robert Khan & Co Pte attributes its success to its client-centred approach. Robert Khan recognises that each client's request is unique. It offers timely advice, relevant information, and an experienced eye to help you make the best decision for the customer. Robert Khan takes pride in providing excellent, valuable consulting that is aligned with your strategic goals, which were established in 1997, at a time of great change and opportunity. The company's portfolio has expanded beyond Plant & Machinery Valuation to include services like Global Auctions & Valuation across tangible and intangible asset classes. Robert Khan has operated as a consultant in Australia, Mainland China, India, Indonesia, South Africa, South Korea, Taiwan, the United Kingdom, and the United States.
JBE HOLDINGS PTE. LTD.
Established in 2004, JBE has developed a diverse portfolio of private, executive condominiums and landed housing projects, including The Luxe in prime District 9, Signature at Yishun, and The Oasis of The North in Sembawang. As one of Singapore's private housing developers, with over 15 years of experience in residential and mixed-use developments, the company is dedicated to enriching the lives of homeowners through sustainable and comprehensive home concepts. It strongly believes in bringing market-leading property innovations to each development while maintaining the rich Singapore heritage behind each development.
ASTRO REAL ESTATE ALLIANCE PTE. LTD.
Astro Real Estate has over 24 years of real estate experience assisting clients in achieving their real estate investment and ownership goals. It assures its commitment to providing consistently high-quality advice and information, ensuring its clients are always in a position to make sound decisions. The company recognises that each client is unique and has specific requirements and needs, so it works with the concept of an individual, customised service. It offers real estate advisory, sales and purchase, leasing, property management, and expat relocation services.
PROPSELLER PTE. LTD.
Incorporated in 2017, Propseller is Singapore's leading tech-powered real estate agency, providing the most reliable way to successfully sell, buy, or rent a property. Propseller agents collaborate with a team of specialists such as professional photographers, copywriters, marketers, analysts, and others to provide the best service to clients. This increases the efficiency of the agent, allowing them to charge the clients.
COVENTRY AND SEAH PTE. LTD.
Coventry and Elizabeth have over 15 years of combined experience in the residential property market and have assisted many clients to buy, sell, and rent in Singapore. Coventry & Seah offers a personalised service by assigning customers a dedicated C & S Property Consultant who will take them through the entire property transaction. With extensive local knowledge and a passion for finding the right property for the right person, C & S will make the property search a success.
AUCTIONJIA PTE. LTD.
Established in 2016, Auctionjia is a proptech firm that combines real estate brokerage services with an online property auction platform. Its dedicated salespersons sell property in a cost-effective and efficient manner by utilising 3D virtual tours and social media marketing. The company sells properties more quickly, transparently, and affordably through online property auctions. It has a diverse background that includes institutional real estate investing, real estate investment banking, commercial banking, private banking, and real estate agency.
MINDLINK GROUPS PTE. LTD.
Mindlink Groups, which was established in 2001, has evolved into a one-stop shop, providing services ranging from consultation to property management, investment, and real estate services. Its partners, agents, and employees are real estate professionals, and it serves its clients with expertise, providing analysis in the buying, selling, and leasing of properties worldwide, based on years of experience in the real estate market locally and internationally. The company provides actionable, practical strategies while assisting clients, building trust, and maximising results with true impact and sustainability.
PROPERTYLIMBROTHERSMEDIA PTE. LTD.
Incorporated in 2017, PropertyLimBrothers is a firm in Singapore that develops Home Presentation Tours with a human factor through video, weaving plus points, features, benefits, and, most importantly, telling a story for each property, thus trying to carve out a niche in helping their sellers' properties differentiate and stand out by marketing their property listings creatively. PropertyLimBrothers currently has over 510 videos represented. As a result of combining Creative Marketing, Video Content, Social Media Marketing, Audience Targeting, and Analytical Tools, the company has assisted hundreds of clients in making more secure and prudent long-term decisions.
Top Singapore Fastest growing companies in Real Estate Industry
CEL REAL ESTATE DEVELOPMENT PTE. LTD.
CEL Real Estate is a wholly-owned subsidiary of Chip Eng Seng Corporation Ltd., a Singapore-based public company established in 1999. CEL has established itself as one of the industry's fastest rising names, spearheading the group's portfolio of property development and investments. CEL Real Estate has created tremendous growth in recent years, with development projects and investmentinterests in Singapore, Australia, and Vietnam. As a diverse company, it has established its success on the basis of sound ethical principles and quality standards, backed up by extensive knowledge of building, property development, and property investing.
AMERALD LAND PTE. LTD.
Amerald Land, founded in 2009, is completely owned by Precise Development. It delivers market-leading new houses where people desire to live and invest. Precise Development, based in Singapore, has been providing civil and structural engineering and building construction services to the private and public sectors for years, with projects spanning from residential, to commercial, industrial, and institutional. Amerald Land's track record includes a diverse range of mid-to high-end flats, townhouses, shophouses, factories, service apartments, and hotels.
GYP PROPERTIES LIMITED
Incorporated in 1967, GYP Properties is a real estate firm established in Singapore. The company's primary activities include property investment, development, and management. The business is divided into two divisions: property and others. The company’s subsidiary is involved in property management and investment holding. It has a presence in Singapore and New Zealand, including commercial, retail, and residential assets.
HOMESTEAD PROPERTIES PTE. LTD.
Homestead Properties, which was founded in 1984, was one of Singapore's first big-box shops catering to the country's burgeoning middle-class. Homestead moved into interior design in the mid-1990s, serving as the showhome designer for private development projects by prominent property developers such as Capitaland, Keppel Land, MCL Land, and others.
SRI PTE. LTD.
Singapore Realtors, Inc. (SRI) was founded in 2016 in order to develop its ideals and principles. SRI began with an office in the ultra-hip Tiong Bahru district, but it is now headquartered at Great World City. The team believes that a one-tier model in which knowledge is freely exchanged fosters meaningful dialogues and strengthens relationships. SRI specialises in both the primary and secondary markets. It has also received numerous honours across all residential segments and has done particularly well in dealing with the luxury house market.
MCC LAND (SINGAPORE) PTE. LTD.
MCC Singapore is a subsidiary of China's Metallurgical Corporation (MCC Group). MCC Singapore is the MCC Group's overseas regional company. It primarily focuses on urban planning, project management, and property development. Despite its humble beginnings as a subcontractor, MCC Singapore subsequently expanded into the EPC (Engineering, Procurement, and Construction) sector. MCC Group established itself in Singapore and launched its official entry into the Singapore and Southeast Asia markets in 1996. MCC Group has received 16,241 patents, 54 State Science and Technology Prizes, and 667 national industry quality awards.
HJ REAL ESTATE PTE. LTD.
Established in 2016, HJ Real Estate is a subsidiary of Housing Japan K.K., an independent asset management organisation. The company guarantees that it is ideally positioned to profit from both its Singapore location and its strong presence in Japan. It benefits from direct access to local finance and tax options for both domestic and international residents. It searches property, arranges deal financing and structure, closes contracts, and provides in-house property management services if necessary. The company's property leasing section also assists foreigners in finding the best apartments in Tokyo.
SEVENS GROUP PTE. LTD.
Sevens Group was established in 2007, a leading real estate development company with a proven track record of more than ten years in the industry and over 70 completed landed developments. It is committed and passionate about developing high-quality, modern, and cutting-edge real estate projects. Throughout the years, the Sevens Group has received numerous distinctive awards and recognition. It works with internationally renowned architects, designers, and builders, to ensure that each development is distinctive, one-of-a-kind, and noteworthy.
AURUM LAND (PRIVATE) LIMITED
Aurum Land, founded in 1982, is an award-winning boutique property developer that promotes functionality and form in its designs to build exclusive and beautiful living places. Aurum Land is a smart diversification and subsidiary of Woh Hup, one of Singapore's largest individual construction companies with over 90 years of industry experience. It provides solutions and products in the areas of work, health, living, investing, and more. Aurum Land won the Best Apartment/Condominium, Asia Pacific Property Awards in 2021–2022.
ALLGREEN PROPERTIES LIMITED
Allgreen Properties is the Kuok Group's real estate subsidiary in Singapore, which was founded in 1986. Allgreen is one of Singapore's major property groups, renowned for its high-quality goods and a track record of excellent project take-up. It has 35 subsidiaries and 13 affiliated entities. Allgreen's development portfolio includes a mix of condominiums, terrace homes, and semi-detached homes. Allgreen acquires land from private parties and participates in government-organised land tenders. Allgreen Properties has also developed residential and commercial properties, offices, serviced apartments, and hotel projects in numerous locations around Mainland China and Vietnam through joint ventures.
