B61
Estates, winner of the weighted return on equity (ROE) category with its 8% CAGR in the three years under consideration, can trace its roots to a leading rubber company formed in 1911. However, as the economic makeup of Singapore changed over the years, Bukit Sembawang Estates also adapted accordingly. The company was incorporated in its current form in 1967, having started property development as its main business in the 1950s.
Over the decades, Bukit Sembawang has built some of Singapore’s most well-known residential developments, including more than 4,600 landed homes in Seletar Hills, Sembawang Hills and Luxus Hills, and more than 1,800 residence units in Singapore’s prime locations such as District 9 and 10. It has also gained a reputation as a trusted developer of quality homes.
In the profit after tax (PAT) growth category, Wing Tai Holdings W05
won with a CAGR of 44.2% for the three years under consideration. The company, listed on the Singapore Exchange S68
(SGX) in 1989, started as a Hong Kong-based garment maker in 1955 and expanded into Singapore in 1963, followed by Malaysia in 1966.
See also: The Edge Singapore unveils winners of 2023 Billion Dollar Club
Lj3
managed a 6.3% growth in shareholders’ returns. OUE is a leading pan-Asian, full-service real estate development, investment and management company with assets across the commercial, hospitality, retail, residential and healthcare sectors. It is best known for its landmark properties in Singapore, such as One Raffles Place, and China. This gives the company a total asset base of $9.5 billion as of Dec 31, 2022.
Besides developing and owning properties, OUE manages two SGX-listed REITs: OUE Commercial Real Estate Investment Trust and First Real Estate Investment Trust Aw9u
. As of Dec 31, 2022, OUE managed $7.8 billion in funds under management across its two REIT platforms and managed accounts.
See also: Celebrating the top listed companies in Singapore
F17
has shifted its strategy from developing largely residential projects into one that places more emphasis on investment. Guoco Tower, a mixed development at the prime Tanjong Pagar area, has not only changed the Singapore skyline but helped lift the proportion of GuocoLand’s recurring income, giving its shareholders much better earnings visibility. Guoco Midtown, which will soon be completed, is another mixeduse project expected to become the new focal point of the Bugis area.
As of June 30, GuocoLand’s investment properties are valued at $6.2 billion. It also has a total asset base of $12.01 billion and total equity attributable to ordinary equity holders of $4.27 billion