Hong Leong Holdings Limited


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HLHL History/Timeline/Milestones

Hong Leong Holdings Limited (HLHL) was established in 1968 as the main real estate development subsidiary of the Hong Leong Group Singapore. In 1971, HLHL and parent company Hong Leong Investment Holdings Pte Ltd bought a majority stake in City Developments Limited (CDL). Today, while the two companies operate separately, they have also collaborated on many successful projects such as Chelsea Gardens and the St Regis Hotel and Residences in Singapore.

Distinctive developments

HLHL has built many distinctive residential and commercial properties in Singapore. Our commercial property portfolio, comprising Hong Leong Building, Fuji Xerox Towers (previously known as IBM Towers), 80 Robinson Road, 76 Shenton Way and Anson Centre, mirrors the growth of Singapore’s Central Business District. Notable residential developments include Hong Leong Garden, Tulip Garden, The Atria at Meyer, The Makena, Tanjong Ria, Riverside Piazza, Watermark Robertson Quay, Tate Residences and Aalto. Aalto won a GoldPlus BCA Green Mark for Buildings Award from the Buildings & Construction Authority for its efforts in implementing green measures such as pneumatic waste collection, and the collection of airconditioning condensate water and rainwater for irrigation use.

Hong Leong Building, the company’s flagship building, was one of the tallest commercial developments in the CBD when it was built in 1975. It remains a highly recognisable landmark in the city’s skyline today. The building underwent several major refurbishments including the re-cladding of the building’s façade and refurbishment of its main lift lobby. HLHL also enhanced the street-side walkways and installed energy-saving escalators as part of its commitment to sustainable living.



Success abroad


HLHL was also an early pioneer among Singapore companies in China with the highly successful Beijing Riviera project (北京香江花园) and property developments in Hong Kong. The 167-hectare US$300 million Beijing Riviera project was one of the earliest, largest and most profitable projects by a Singapore consortium in China. Beijing Riviera was a cooperative joint venture between the Beijing East Suburb Agriculture Industry Commerce United Corporation and a Singaporean consortium comprising Temasek Holdings (25% stake); Keck Seng Group (24%) and Hong Leong Group accounting for the remaining equity. The Beijing Riviera project offers a total mix of 635 residential units comprising villas, townhouses and apartments.

Another major venture overseas was the building of Coastal Skyline (藍天海岸), a private residential estate in Hong Kong’s MTR Tung Chung Station Development Package Two. HLHL’s consortium partners for this development were the Government of Singapore Investment Corporation (GIC) and HKR International Limited. The development consisted of 4 phases:

  • Phase 1, Coastal Skyline with a total of 2022 units;
  • Phase 2, Le Bleu Townhouse with a total of 41 units;
  • Phase 3, La Rossa with a total of 783 units and
  • Phase 4, Le Bleu Deux with a total of 524 units.
Tung Chung is close to Hong Kong’s Chek Lap Kok International Airport and Disneyland, and is only 27 minutes’ away from Hong Kong's Central Business District on the MTR’s Tung Chung line.



Successful partnerships


At home, HLHL has also formed several prominent and successful joint ventures. Together with one of Japan’s biggest integrated real estate developers, Mitsui Fudosan Co. Ltd., HLHL formed TID Pte Ltd (previously named Trade and Industrial Development Private Limited) in 1966. TID has since set new benchmarks in Singapore’s property landscape with exemplary residential developments such as Parc Emily, The Trevose and Goodwood Gardens. More recently, TID, together with CDL, developed the exclusive The Oceanfront at Sentosa Cove development at the iconic Sentosa island, after winning a competitive tender. HLHL, CDL and TID also developed the St Regis Hotel and Residences in Singapore. The St Regis Hotel recently won the “FIABCI Prix d’Excellence” 2009 award in the hotel category.

In 1968, a joint venture formed by HLHL, CDL and TID was incorporated as Tripartite Developers Pte Ltd (Tripartite). In the 1970s, Tripartite made a farsighted investment in acquiring over 3 million square feet of land at Upper Changi Road North area. Tripartite has developed several major condominium developments there, namely, Azalea Park, Ballota Park, Carissa Park, Dahlia Park, Edelweiss Park and Ferraria Park. The Gale is still undergoing construction, while two other condominium developments are being planned.

Northoaks Executive Condominium, another mass market development, was completed in 2000 and developed by HLHL through another venture with Bestromont International Private Limited, a local arm of Japan’s Nichimen Corporation. HLHL innovatively and successfully marketed Northoaks with one of Singapore’s beloved television icons, Phua Chu Kang.

Today, HLHL continues to be the developer of choice with several residential projects in the pipeline along Shenton Way, Nassim Road, Balmoral Road and Meyer Road. The company continues to look selectively at property investment opportunities in Singapore & elsewhere.


 
 
 

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