Park Colonial condo is developed by CEL Unique Development, a joint venture between Chip Eng Seng, Heeton and KSH that is submitted the top bid of S$700.7 million for the site @ Woodleigh Lane Road
The head of CBRE Research, Singapore and South East Asia - Desmond Sim, called the results "unsurprising", as the site had been identified as a high-profile one from the start, within the up-and-coming Bidadari precinct and well-located right beside Woodleigh MRT station.
Park Colonial @ Woodleigh Lane near Bidadari
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 herself as one of the industry's fastest rising name.
With development projects and investment interests in Singapore, Australia and Vietnam, CEL Development Pte Ltd has established impressive growth in the recent years.
Being a dynamic organization, we've 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 these expertise as a group to continually push benchmarks in construction and quality, much akin to our corporate vision.
And with our valued standard practices and dynamic approach, we strive to deliver our promise of quality homes for today and tomorrow.
CEL’s Vision: “To be a leading multi-discipline property development company of choice, one is synonymous with creating quality homes with outstanding build quality and value, thereby creating sustainable value to its shareholders and customers and being a socially responsible corporate organization”.
Heeton Holdings Limited is engaged in property development and property investment in Singapore and beyond. Established in 1976, it has been listed on the Singapore Exchange since 8 September 2003. As a boutique property developer, the Group has a niche focus on developing distinctive and high quality residential properties in Singapore's choice districts. Among its completed projects are DLV at Dalvey Road, The Element@Stevens at Steven Road, detached and semi-detached houses along Holland Road, as well as a joint-venture project, The Lumos at Leonie Hill.
Heeton has also formed strong partnerships with other established property developers to develop properties locally and in the region. Such properties include Lincoln Suites off Newton Road, The Boutiq at Killiney Road, Sky Green at MacPherson Road, and Twins at Damansara Heights, Kuala Lumpur.
KSH Holdings Limited ("KSH" or the "Group") ("金成兴控股有限公司") is a well-established Construction, Property Development and Property Investment group that was incorporated in 1979 and has been listed on the Mainboard of the SGX-ST since February 8, 2007. KSH is an A1-graded contractor under BCA CW01, with the ability to tender for Public Sector Construction projects of unlimited value, and is a main contractor for both the public and private sectors in Singapore.
The Group also has an A2 grade under BCA's CW02 category for civil engineering, allowing KSH to tender for Public Sector projects for values of up to $85 million.
On the Property Investment front, the Group invests in yield-accretive assets that generate a sustainable stream of income with potential capital gains. Its investments include strata units in a 30-storey Grade A office development, Prudential Tower in Raffles Place, and a 36-storey retail and office complex, Tianxing Riverfront Square, in the heart of the business district of Tianjin, PRC.
The Group seeks to continue broadening its businesses and projects, and exploring opportunities in new markets while striving towards sustainable growth to enhance shareholder value.