In January, Singapore’s Building and Construction Authority revised its construction demand forecast for this year to $47 billion and $53 billion. Although this is more than double the $21 billion in 2020’s pandemic year, KSH will need more time to return to its own pre-Covid levels, says Choo Chee Onn, its executive chairman and managing director, in an interview with The Edge Singapore.
It’s a familiar playbook. Contractors, upon reaching a certain size, diversify into related businesses such as property development, venturing far and beyond at times. Mainboard-listed KSH Holdings has done just this, but with the local construction sector enjoying an upcycle, it sees plenty of opportunities in the coming few years.
The construction, property development, and property management group, which was incorporated in 1979, has built a track record of notable projects, including the Fullerton Bay Hotel, NUS University Town’s Education Resource Centre, Mount Alvernia Hospital and Suntec City.
