Allgreen Properties Limited
Allgreen Properties Limited is real estate arm in Singapore for The Kuok Group. Incorporated in 1986, Allgreen was listed on the Singapore Stock Exchange in May 1999 and was then majority owned by the Kuok group. It was delisted in August 2011 from the Singapore Stock Exchange following its compulsory acquisition by Brookvale Investments Pte Ltd (which is itself part of the Kuok group of companies). Today, Allgreen is one of the largest property developer with 35 subsidiaries and 13 associated companies by year 2014.
Allgreen has a diversified portfolio of properties comprising residential, retail and office space, serviced apartments and a hotel.
Allgreen’s portfolio of development properties consists of a mix of condominiums, terrace and semi-detached units. These properties are on freehold and 99-year leasehold tenures. Allgreen purchases land from private parties and participates in land tenders called by the Government to selectively and continuously maintain a landbank.
Allgreen’s investment property portfolio comprises Great World City, Tanglin Mall and Tanglin Place. The high occupancy and strong rentals from these retail and serviced apartments provides a stable source of recurring income and strengthen Allgreen’s earning capability.
The wholly-owned flagship Great World City is one of Singapore’s largest integrated property development at approximately 1.06 million square feet lettable area and comprises two 18-storey office towers connected by a 4-storey podium, a 3-storey retail mall with 3 basements and 304 serviced apartments, Great World Serviced Apartments, one of Singapore’s largest serviced apartment complex with comprehensive facilities and amenities. The Great World City retail mall enjoys high occupancy and strong rentals attributable to strong tenant relations, continued high maintenance of the mall and customer-friendly initiatives. The serviced apartments and office space similarly achieve high occupancy levels and have shown strong profit growth due to their key location and convenient facilities.
Tanglin Mall and Tanglin Place are owned through a 55.4% stake in Cuscaden Properties Pte Ltd. Cuscaden Properties Pte Ltd also owns Hotel Jen Tanglin Singapore (a 565-room hotel near Orchard Road). Tanglin Mall is a 3-storey shopping complex with 4 basements of approximately 146,000 square feet lettable area located in the prime District 10, whereas Tanglin Place is a 4-storey commercial complex of 34,000 square feet lettable area, all of which are located near bustling Orchard Road. The property investment and hotel portfolio provides a stable source of recurring income and strengthen Allgreen’s earning base. Shangri-La Hotel Ltd, the wholly-owned subsidiary of Shangri-La Asia Ltd owns 44.6% of Cuscaden Properties Pte Ltd.
The Ryse Residences launch date is expected to be in 2020. Register your interest to be updated when the launch date is confirmed and book an appointment to view showflat.
Some of the past residential developments in Singapore by Allgreen includes Amber Point, Changi Green, One Devonshire, Queens RiverBay, Skysuites @ Anson, Baywater, Holland Residences, Kerrisdale, Regency Park, The Shaughnessy. And most recently Fourth Avenue Residences, Juniper Hill and Royalgreen.
Kerry Properties Limited
Kerry Properties Limited was listed on The Stock Exchange of Hong Kong Limited (Stock code 683) in 1996. Subsidiaries of Kerry Properties have been involved in property investment and development activities in Hong Kong since 1978. As a world-class property company with significant investments in Mainland China and Hong Kong, Kerry Properties is also selected as a constituent stock in the Hang Seng Composite Index, Hang Seng Composite LargeCap Index, Hang Seng Composite Industry Index (Properties & Construction) , Hang Seng Corporate Sustainability Index, Hang Seng (Mainland and HK) Corporate Sustainability Index and Hang Seng Corporate Sustainability Benchmark Index.
Kerry Properties focuses on investing in premium quality property developments in prime locations in both Hong Kong and Mainland China. Beyond the developments, the Group continues to serve clients by offering professional management and a range of value-added services and diverse privileges.
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