Having a foothold in the different market segments will also give the company more flexibility to tap new market trends, such as the growing popularity of co-living.
LHN has undergone several phases of change as the company adapted its focus by diversifying into several businesses to stay relevant. It started in the sawmill and timber trading business, then entered the property sector, where it leased out underutilised spaces. In the early 2000s, the group ventured into space optimisation, logistics services and facilities management.
In a previous interview, Kelvin Lim, executive chairman, executive director and group managing director of LHN, pointed out that LHN has several properties, including industrial, commercial, lifestyle, schools and residential. The diversification is a deliberate choice as Lim does not believe in putting all his eggs in one basket.
