Allgreen Properties Retail and Residential Serviced Apartments
Allgreen is among the best known and giant property groups in Singapore. The group is reputed due to the quality of products it offers and a track record of strong take-up rate for all its projects. Allgreen properties have over 35 subsidiaries as well as 13 associated companies. Although Allgreen Properties started its operations in 1986, its track record and history related to property business can be traced years back when it worked as a division of Kuok Limited early in the year 1980.
Allgreen Properties Retail Residential and Serviced Apartments
Allgreen has diversified property portfolio in Singapore comprising retail, residential, serviced apartments, office space, and hotels. Its properties development portfolio comprises of terrace, condominiums, and semi-detached units. Its properties are on 99-year leasehold tenures and freehold. Allgreen buys land from private investors and when Government calls land tenders it participate to select and maintain landmark continuously.
Allgreen Properties in Shanghai Singapore
Allgreen has also invested in different joint ventures so as to participate in mixed developments in Shanghai, Chengdu, Tianjin, Shenyang, Qinhuangdao as well as Tangshan in the peoples’ republic of China. These projects comprise mixer of residential developments, serviced apartments, Commercial residential and hotels. In a mission to expand regionally, Allgreen has acquired a site in District 2 in Ho Chi Minh City in Vietnam for condominium project development purposes. Also, it has acquired another site in the Vung Tau City in Vietnam to develop a mixed development.
Largest Property Developer in Singapore
Being one of the largest property development groups in Singapore, Allgreen has balanced its portfolio of quality projects ranging from residential to commercial which serves a wide spectrum on many home buyers’ needs and their budgets. The group is also engaged in managing projects via its subsidiary; Leo Property Management Pte Ltd. LPM offers support service to properties under the Allgreen development. Its role in project management involves concept planning, design development advising, calling as well as offering tenders for construction work and monitoring construction, supervising, budgeting and making progress payments. The LPM’s potentials include the development of retail, residential, serviced apartments and hotel projects.
Its property investment portfolio includes Tanglin Mall, Tanglin City, and Great World City. Great World City is one of its largest projects ever developed in an area approximated to be 1.06million Square feet. It comprises office towers of 18-storey, as well as 4 storey podium, 3 – story retailing Mall with 304 serviced apartments under 3 basements. It has various amenities and facilities. The world city boast of high occupancy and very strong rentals which are associated with strong tenants relations.
It’s a great property development group which has managed to muscle all other property development groups in Singapore and entire Asia to remain at the top.