Allgreen Properties Limited (Allgreen) is a leading real estate group in Asia with a diversified portfolio of properties comprising residential, retail, commercial, serviced apartments and hotels. Its principal activities include property development and investments. Allgreen is also well regarded for the exceptional quality of its developments, winning multiple awards for excellence in the quality of its features and design.
The history and track record of Allgreen’s property-related businesses can be traced back to early 1980 when it started as a division of Kuok (Singapore) Limited. 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 part of the Kuok Group of companies).
In Singapore, Allgreen’s residential developments consist of a mix of condominiums, terrace and semi-detached units, 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. It has developed and handed over 53 residential projects (approximately 11,000 units).
Allgreen’s retail property portfolio comprises Great World City, Tanglin Mall and Tanglin Place. 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. It comprises two 18-storey office towers connected by a 4-storey podium, a 3-storey retail mall with three basement levels as well as Great World Serviced Apartments, one of Singapore’s largest serviced apartment complex with 304 units and a comprehensive suite of facilities and amenities.
The Great World 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.
Allgreen’s sustainability journey is guided by the three key themes of environmental stewardship, social responsibilities, and corporate governance to positively contribute sustainably towards the communities where we live and operate. It incorporates sustainability as a key consideration throughout the entire life cycle of its developments, from investment, planning and design, procurement, construction, marketing and sales, to operations and maintenance.
Going forward, Allgreen will continue to strive to do our part to build a sustainable future for the community.
In Australia, Allgreen has exposure in a fund investing in industrial assets in urban locations. Allgreen has also entered into various joint ventures with Kerry Properties Limited Hong Kong to develop a number of mixed-use developments in Shanghai, Tianjin, Chengdu, Qinhuangdao, Shenyang and Tangshan in the People’s Republic of China.