An Exciting Project Helmed by the Joint Venture of Companies of 2 Renowned International Condominium Developers.
The winning bid for the Pasir Ris 8 condominium project was awarded to Phoenix Residential and Phoenix Commercial, two joint venture companies owned by Allgreen Properties and Kerry Properties. Theirs was the third bid which included other well known local developers such as Far East Organization and Kajima Development which submitted a joint bid with Singapore Press Holdings.
The success of their bid indicates the company’s role in being a part of the Housing and Development Board (HDB) plan to rejuvenate Pasir Ris Town with a mixed development project. To this end, they were awarded the land parcel directly next to Pasir Ris MRT which will be integrated with a bus interchange among many other new developments for the town.
Since its incorporation in Singapore in 1986, this real estate arm of Kuok Group was listed on the Singapore Stock Exchange in May 1999 until its acquisition by Brookvale Investments Pte Ltd. Today, Allgreen is one of Singapore’s leading property developers, with a track record of strong take-up rates and quality products. Their diversified portfolio includes a wide range of properties such as residential projects, retail, office spaces, serviced apartments and even a hotel. Most of these properties are either on a freehold or 99-year leasehold tenure.
In addition, Allgreen has also diversified and ventured into mixed project development joint ventures in the People’s Republic of China. Notable cities includes Shanghai, Tianjin, Chengdu, Tangshan and Shenyang to name a few. These projects are part of the company’s regional expansion strategy hence a portfolio comprising of residential and commercial developments, offices, serviced apartments and hotels. But the company didn’t stop with China, they’ve also acquired a prime site within district 2 of Ho Chi Minh City, Vietnam and another site in Vung Tau City.
Locally, some of their popular investment property portfolio includes Great World City next to Great World City MRT station, Tanglin Mall and Tanglin Place. Altogether, the company has over 40 completed developments in Singapore and overseas.
Their notable past projects include:
For more information about this Pasir Ris 8 developer, you may visit their official website here.
Another member of the Kuok Group, Kerry Properties Limited was incorporated in Bermuda and listed on the Hong Kong Stock Exchange in 1996. This world-class property company has grown a significant investment portfolio both in Mainland China as well as within Hong Kong. This is a portfolio of quality developments specifically selected in high value locations.
Some notable past projects of theirs include:
Read more about Kerry Properties here.