Who's Who

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SINGAPORE DEVELOPERS

Hiap Hoe Group

OVERVIEW

HIAP HOE is a niche integrated property developer of luxury and mid-tier residential properties that are distinct in design and preferred for their excellent locations and investment prospects. Hiap Hoe also has a civil engineering and construction arm which is mainly responsible for building the Group's properties while pursuing new opportunities in third-party contracts.

Its management team has more than 30 years of experience and the Group has established discipline in acquiring land parcels and manages capital prudently. In fact, its in-house construction capabilities give it greater control over costs and timing of its developments. Hiap Hoe has low net gearing, which allows it financial flexibility in building up its land bank. Its prime district land bank comprises about 400,000 sq ft in gross floor area. While 2006 was a good year for the Group, Hiap Hoe believes the best is yet to come. The developments it has launched and are launching this year should ensure a steady flow of sales income. With the trend of healthy demand for private mid and high-end residential properties expected to continue, Hiap Hoe has good reason to be optimistic of its future returns. Its business model and strategy include:

# A primary focus on developing freehold residential properties in prime districts and their fringe areas.

# A preference for medium-sized land parcels, having proven its efficiency in maximising returns from such developments.

# Leveraging on in-house construction capabilities to support the Group's own residential property development.

# Building up on existing land bank through en bloc acquisition and tenders for newly released land parcels.

# Capitalising on the timing of property re-developments and launches.

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Sunrise


SUNRISE Berhad has many accolades to burnish its reputation as an award-winning property developer in Malaysia.

The high-end residential property developer has been ranked No 1 in the Top Ten Malaysian Property Developers four times, and was FIABCI Malaysia Property Award winner thrice. The company was also among one of Forbes Asia's 'Best Under US$1 billion' turnover public-listed companies in 2005.

Sunrise is famed for its premium condominiums in Kuala Lumpur, specifically Mont'Kiara. The renowned Sunrise Mont'Kiara Integrated Global Village is an extremely successful residential suburb that incorporates high-end condominiums with quality finishing, amenities and leisure facilities, international schools and commercial centres.

The company was founded in 1968 and listed on Bursa Malaysia's main board in 1996 and has a market capital of over RM1 billion (S$447 million) with property interests in Australia, South Africa and UK via joint ventures with its overseas partners. Sunrise currently has in-house departments and subsidiaries that offer a range of property-related services including property maintenance, construction management, rental and resale services.

With an existing land bank of 1,000 acres in Malaysia, the group's businesses include:

# Property Development

# Facilities Management

# Investment Holdings

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SINGAPORE DEVELOPERS

United Industrial Corporation Singapore Land

OVERVIEW

HAVING built a strong reputation and track record as one of the biggest commercial landlords in Singapore, the Group has recently shifted its focus to residential development and trading.

The Group built its pipeline of residential developments in 2005 with six acquisitions (total: 1,360 units).

By the end of 2006, four of its projects comprising more than 1,000 units had been sold out.

With the latest acquisition of UIC Building and Himiko Court (about 1,100 units in total), together with Northwood and HJ Heights which will be launched later this year, the Group's plan to have a strong pipeline of residential projects is well on track.

Financially, with a market capitalisation in excess of $4 billion each, UIC Limited and Singapore Land Limited can each take on billion-dollar projects.

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SINGAPORE DEVELOPERS

CEL Development

OVERVIEW

CEL Development Pte Ltd is a wholly owned subsidiary of Chip Eng Seng Corporation Ltd, a public listed company in Singapore since 1999.

Spearheading the Group's portfolio in property development and investments, CEL has over the years established itself as one of the industry's fastest rising names. With development projects and investment interests in Singapore and Australia, CEL Development Pte Ltd has established impressive growth in recent years.

As a dynamic organisation, we have built our success on the foundations of solid ethical practices and quality standards supported by our vast expertise in the areas of construction, property development and property investment.

With a strong synthesis of youth and experience in our ranks, we are able to leverage on our expertise as a Group to continually push new boundaries in construction and building quality, in keeping with our corporate vision.

CEL's Vision: 'To be a leading multi-discipline property development company of choice, one that is synonymous with creating quality homes with outstanding build quality and investment value, thereby creating sustainable value to its shareholders and customers and being a socially responsible corporate organisation.'

This year, we are thrilled to be unveiling more prestigious residential developments at Peck Hay Road, Grange Road and West Coast Road and we aim to scale even greater heights in the coming years.

And with our valued standard practices and dynamic approach, we strive to deliver our promise of quality homes for today and tomorrow.

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Ivy Lee Realty


IVY Lee is well-known for her ability to meet sales targets at an amazing speed with an average of 80 per cent of projects sold within the time frames targeted by developers.

Ms Lee and her team at Ivy Lee Realty are also reputed for providing many value-added services - from pre-sales research to design and architecture. To date, Ms Lee has some 50 awards and accolades to her name, including several national ones. In 1999, she started her own company - Ivy Lee Realty. The agency has since marketed a slew of projects for various developers, and completed many en bloc deals. In one notable example, in March this year, City Developments, the listed property arm of Singapore's Hong Leong Group, bought Hong Leong Garden Condominium in the West Coast area through a $131.5 million collective sale in a deal brokered by Ivy Lee Realty. Ms Lee's in-depth knowledge of the property market and personal touch have reaped many developers excellent sales and left many buyers satisfied.

Since 2005, Ms Lee - together with her company - has already made a presence in the Middle East and now acts as a middleman for infrastructure deals and oil refineries.

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SINGAPORE DEVELOPERS

UOL Group

OVERVIEW

TO most developers, buildings are just mere brick and mortar - structures to house people in. For UOL Group Limited, one of Singapore's largest property developers founded in 1963, buildings are icons which reflect the group's commitment to architecture, innovation and quality - a rare passion in this money-spinning world of en blocs and Reits.



Founded in 1963, UOL has grown into an internationally respected group with a portfolio of highly successful residential and commercial properties.

With its listed subsidiary, Hotel Plaza Limited, it owns 14 hotels in Singapore, Australia, China, Vietnam, Malaysia and Myanmar.

To create distinct concepts, UOL works with leading architects and designers as well as reputable builders to stamp its unique signature and lifestyle vision in all its projects - be it residential, commercial or retail.

Innovation enables UOL to turn every project into something special, transform and rejuvenate old buildings, redefine spaces beyond their physical limits and extract further value in the process.

With this business acumen and awareness of emerging trends, the group successfully recreated and rebranded its two shopping malls at Novena Square and United Square to draw shoppers' dollar.

UOL was the first developer to recognise a unique business opportunity in buying leasehold building and transforming it into a trendy waterfront residential cum commercial development. In 2005, it topped up the lease for the 99-year lease Eng Cheong Tower, which had 65 years remaining then and planned the 257-unit Southbank residential block near Lavender MRT. Part of its growth strategy also involves rejuvenating old estates and creating trendy residential enclaves in conservation areas like Tiong Bahru.

This constant striving for unparalleled distinction - which has proven to be a successful formula - is also reflected in UOL's hotel and service residences across Asia.

UOL undertook a re-branding of its hotels and named them 'Parkroyal'. Its service apartments were also renamed 'Parkroyal Residences'. UOL recently announced its plan to acquire renowned 'Pan Pacific' brand with 12 hotels in the USA and Canada as well as in key Asian cities like Kuala Lumpur, Jakarta, Bangkok, Manila and Singapore.

With creativity expressed in its projects, coupled with superior quality standards, it is no wonder why its projects are consistently sold out.

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SINGAPORE DEVELOPERS

Crescendas Group

OVERVIEW

The Crescendas Group is an established and dynamic group with diversified businesses in real estate, healthcare, electronics, leisure and advanced technology.

With 15 years of experience in the real estate industry and together with its in-house professional expertise, the Crescendas Group has successfully built a strong track record with an impressive portfolio encompassing residential, industrial and commercial developments, spreading over Singapore, Indo-China and China.

Establishing itself as a niche player in the residential market in the eastern region of Singapore, Crescendas has carved out close to 500,000 sq ft of alluring residential space in the form of landed properties, apartments and condominiums within Singapore.

Crescendas has also built a name for itself in industrial projects, having been active in the development of factories, warehouse and high-tech manufacturing space since the 1990s.

The Group is one of the few key players in built-to-suit developments and constantly introducing high quality improvements to its properties to better serve its stakeholders and provide enhanced support to its customers.

Riding on the increase in the demand for office space and hotel rooms, the Group is also venturing into the commercial and hospitality segments of the market and will soon be adding a wider array of properties to its impressive portfolio.

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Frasers Centrepoint

OVERVIEW

Leading full-service property company

FRASERS Centrepoint Limited (FCL) is one of Singapore's top three residential property developers and retail mall owners and operators. More than 25 million sq ft of its land bank here and overseas awaits development over the next few years.

A fully-owned subsidiary of Fraser and Neave Limited, FCL started with a single shopping centre on Orchard Road. Its property stable now boasts shopping centres (Frasers Centrepoint Malls), serviced apartments (Frasers Hospitality) and residential homes (Frasers Centrepoint Homes). Two Grade A office buildings (Alexandra Point and Valley Point) and a high-tech industrial property (Alexandra Technopark) add diversity to its portfolio.

Top-selling developer offering quality & innovative homes

The residential segment - Frasers Centrepoint Homes - ranks among one of the top-selling developers in Singapore with more than 9,000 quality homes dotting the island's landscape. Choice locations and consistency in delivering quality and innovative projects are the keys to its success. Successful launches include The Azure (at Sentosa Cove), 8 @ Mt Sophia, and St Thomas Suites.

Strong malls with reputable retailers

With a stable of seven malls in its portfolio, Frasers Centrepoint Malls covers more than 1.9 million sq ft, with over 650 shops. Flagship 'The Centrepoint' on Orchard Road boasts well-known names like Robinsons and Marks & Spencer, whilst the other malls Causeway Point, Northpoint, Compass Point, Anchorpoint, Valley Point and Robertson Walk are home to other retailers like Courts and Metro.

Developer-sponsored Retail Reit

Frasers Centrepoint Trust (FCT) is the REIT vehicle through which FCL will grow its retail mall investment and management business in Singapore and overseas. FCT has an initial portfolio of three of its malls - Causeway Point, Northpoint, and Anchorpoint . Its recent strategic investment in Malaysia's purely retail Hektar Reit also positions FCT well to participate in long-term and substantial opportunities in the Malaysian market.

Award-winning global serviced residences

Winner of several awards, Frasers Hospitality is an international serviced residence management company with Gold Standard residences in nine major gateway cities of Europe, the Middle East, North and South-east Asia, and Australia. New developments are coming up in, among other places, Bahrain, Dubai, Nanjing, Shanghai and Tokyo, with a target to manage a total of 4,200 rooms by 2009, up from the current 2,500 rooms.

Driving continuous growth in overseas markets

Frasers Property is the international arm, developing world-class residential and mixed-use projects in the UK, Australia, New Zealand, Thailand, Vietnam and China. Current developments include JingAn Four Seasons in China, Wandsworth Riverside Quarter and Vincent Square in London, the Foster and Partners-designed Lumiere Residences in Sydney and The Pano in Bangkok.

Fairbriar PLC, a subsidiary of Frasers Property (UK), has a portfolio of directly owned and joint venture developments underway. It is an award-winning developer of quality homes in London.

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Heeton Holdings

OVERVIEW

ONE has only to take a look at Heeton Holdings' latest projects to recognise a savvy builder of upmarket, boutique homes.

Established in 1976, the Heeton of today is a far cry from its humble origins. It started as an owner and operator of wet markets, later diversifying into small and medium-sized property projects.

To date, Heeton has managed over 22 property development projects. A niche player in the high-end boutique residential market, Heeton certainly punches above its weight, having executed dazzling projects located in prime areas, touched with unmatched elegance.

Its projects combine the clean lines of modern design with a natural atmosphere of water and daylight. Typically located close to hubs of activity, they are also characterised by exclusivity and intimacy.

Heeton has also expanded out of Singapore, into markets like Thailand and Malaysia. In Thailand, it has three ongoing projects. Two of these are condominiums located along Sukhumvit hub in Bangkok, which is Thailand's longest road and runs through major shopping districts. A third project, a proposed mixed development, will take place in Pattaya, a major tourist centre and beach resort along Thailand's east coast.

Heeton continues to manage wet markets in Singapore, with a portfolio of six wet markets in which a total of some 200 stalls sell their produce.

The company is also the first private developer to build and operate a neighbourhood centre, the Tampines Mart - now a hub of activity in the award-winning housing estate. It has leveraged this expertise to build two other developments - the Woodgrove in Woodlands and Sun Plaza in Sembawang.

Heeton's chief operating officer Danny Low said: 'Given the current strong market sentiments coupled with rising rents, the property market is indeed on a roll with keen interest especially for private residential units in prime locations.'

Heeton expects to benefit; indeed, it has already benefited. Turnover for the year ended December 2006 rose to $46.4 million, while earnings hit $4.5 million.

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FOREIGN DEVELOPERS

Gamuda Land

OVERVIEW

GAMUDA Land is the property development arm of Gamuda Berhad, a company listed on the main board of the Bursa Malaysia with an annual turnover of RM1.4 billion (S$627 million) and a market capitalisation of about RM7.7 billion.

Gamuda is amongst the largest infrastructure and property development groups in Malaysia with over 30 years of experience and field proven track records in construction and infrastructure development, property development, infrastructure concessions and value added services in construction and engineering solutions, property and project management.

The group's engineering & construction division has undertaken over RM10 billion large-scale design and build and Build-Operate-Transfer (BOT) projects in Malaysia, India, Taiwan, Indochina and the Middle East.

Highly complex and most challenging BOT projects in Malaysia include its RM1.9 billion Stormwater Management and Road Tunnel (SMART) - the world's first dual usage flood mitigation and motorway tunnel project; RM2.3 billion Selangor River Water Scheme 3 (SPLASH), RM1.1 billion Shah Alam Expressway (KESAS), RM1 billion Damansara Puchong Expressway (LDP) and RM1.2 billion Western Kuala Lumpur Traffic Dispersal Highway (SPRINT).

On the international front, Gamuda is currently maintaining the completed RM280 million Durgapur Expressway and the RM403 million Panagarh-Palsit Expressway in West Bengal, India.

It is also the first Malaysian company to penetrate Taiwan's construction market with the challenging tunnelling works of the RM770 million Kaohsiung Mass Rapid Transit System (Package CO4).

Currently, Gamuda is constructing the RM1.8 billion New Doha International Airport and the RM770 million Dukhan Highway in Qatar.

It has commenced works on the RM640 million New Sitra Causeway Bridges in Bahrain and preliminary works for the RM1.9 billion Nam Theun 1 Hydropower project in Laos PDR.

The Group's infrastructure concession division generates recurring long-term income to the group through the highway and water concessions.

Its highway concession managed the operations of over 100km of urban expressways - KESAS, LDP, SPRINT, SMART with an average of about a million tolled vehicles per day while its water concession, SPLASH, supplied about 45 per cent of treated water within the Klang Valley to over two million consumers and industries in Malaysia.

Its raw water treatment plant has a capacity of producing two billion litres of water per day.

Its property development division, through Gamuda Land, has completed more than 15,000 units of residential, commercial and industrial properties since its establishment in 1995.

Another 75,000 homes are expected to be built over the next 10 years with its increased landbank in Kuala Lumpur, Selangor and South Johor as well as its recent entry into the Vietnam property market.

Gamuda Land is now a regional player through its participation as the residential core underpinning the other key signature developments of Nusajaya, and will be involved in large integrated development projects in Hanoi and Ho Chi Minh City.

Currently, it has a total land bank of over 5,700 acres with a gross development value of about RM15 billion.