Lim says that LHN has several types of properties, including industrial, commercial, lifestyle, schools and residential. The diversification is a conscious choice as Lim does not believe in putting all his eggs in one basket. Rather, he is quick to identify new market trends, such as the growing popularity of co-living, and ride along.
Kelvin Lim, executive chairman, executive director and group managing director of LHN (SGX:41O
) , believes it is important for businesses to adapt and diversify. And that is what LHN has done since it was founded by Lim’s father in the early 1990s. The company started off in the sawmill and timber trading business, before shifting to property where it has leased out underutilised spaces from 1991 onwards as the timber business started slowing and more space was freed up as a result.
When Lim joined the company in 1997, the focus then was still on the subleasing of spaces. It was only in early 2000 that the group ventured into space optimisation, logistics services and facilities management. “[This is] where we identify underutilised properties and add value to them by way of redesigning the layout and the look and feel,” says Lim in an interview with The Edge Singapore.
