From a family-run company to a publicly listed construction and property group, Chip Eng Seng has evolved tremendously – but it has only just begun.
It is one of Singapore’s leading construction and property groups with businesses spanning construction, property development, hospitality and property investment. Some of the country’s most iconic housing developments – such as The Pinnacle@Duxton and Bishan Loft – were built by its construction division. Its property development division, on the other hand, boasts an impressive portfolio that spans residential buildings in Australia and Vietnam, to even a hotel in Singapore.
HUMBLE BEGINNINGS
This is the Chip Eng Seng (CES) empire and it started in the 1960s with just one man. Lim Tian Seng was a subcontractor building conventional houses but his work stood out for its quality. Business grew and the company started taking on projects as the main contractor.
CES was established in 1975 and, by 1982, the company was taking on residential projects for the Housing and Development Board (HDB) – a testimony to its skill and ability to handle large construction projects.
In 1995, the company made its first foray into property investment and development, with industrial building 69 Ubi Crescent. Since then, it has diversified into hospitality, completing its first hotel project – Park Hotel Alexandra – in 2015.
CES has also set its sights beyond the shores of Singapore. Apart from midmarket and high-end prime properties in Australia, the group has also trained its focus on emerging regional economies. It is currently involved in a residential project in Ho Chi Minh City, and is actively seeking property development opportunities within South-east Asia.
Denne historien er fra June 2017-utgaven av The PEAK Singapore.
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Denne historien er fra June 2017-utgaven av The PEAK Singapore.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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