SLB Development Ltd – APEA – Asia Pacific Enterprise Awards

CORPORATE EXCELLENCE

SLB Development Ltd

Introduction
SLB Development Ltd (SLB) is a diversified property developer with extensive experience and track record across the residential, mixed-use as well as industrial and commercial sectors, and property development projects ranging from small to large scale. The diversified nature of its quality portfolio allows effective management of exposure to the fluctuations in demand and/or changes in regulations for each type of property development.

The Group’s history could be traced back to SGX-listed Lian Beng Group Ltd (LBG), which is one of Singapore’s major main contractors that was established in 1973 and listed since April 1999. SLB’s successful listing on SGX’s Catalist Board in April 2018 marked the start of a new chapter for the company to grow independently.

SLB is led by Executive Director and CEO, Mr Matthew Ong, (王荣强), 37, one of the youngest entrepreneurs in the property development sector, who has accumulated 12 years of experience in the property and construction industry, and was instrumental in growing LBG’s property development division to the SLB as we know today.

Over the years, SLB has built strong networks of business relationships with other developers and contractors, and has expanded its presence beyond Singapore to the People’s Republic of China (PRC). SLB is also committed to be an environmentally- sustainable developer, employing sustainable innovative designs and lifestyle themes for its high-quality developments for the betterment of future generations.

Corporate Culture and Company Activities
SLB has a tight-knit team; the Group strives to create an inclusive workplace environment, committed to mutual respect, fairness and equality. SLB provides opportunities for continuous learning and skills improvement to enhance staff development and recognises the importance of a strong team to drive the Group’s business excellence and continuous success. In this vein, SLB recognises the valuable contributions of its employees, and aims to attract, retain and develop the Group’s employees to their fullest potential.

At the Group level, SLB is cognisant of its social responsibilities and are committed to making a positive impact on the environment and to society. SLB integrates sustainability seamlessly into the Group’s business – across all levels, with due considerations being made to all stakeholders. Corporate social responsibility and sustainability are deeply-rooted in SLB’s corporate culture – apart from numerous donations for charity funds, the Group focuses on the practical implementation of environmental initiatives for all assets, projects and development sites.

Achievements and Impact
While SLB is a relatively young company, the Group is one of the fastest growing developers and has achieved a strong track record of property developments – across multiple asset classes and project sizes. This is made possible through its joint venture strategy, working with other established property developers to manage risks and undertake larger property development projects. Some of SLB notable projects include the freehold commercial development Hexacube along Changi Road; Mandai Foodlink; business and industrial building, Eco-tech @ Sunview; T-Space @ Tampines that had won Best Industrial Development and Spottiswoode Suites that had won Best Luxury Condo Architectural Design at the PropertyGuru Asia Property Awards (Singapore) in 2017; the Midtown & Midtown Residences; Newest; Flora Vista, Floraview and Floraville; as well as KAP & KAP Residences.

The JV model has also allowed SLB to venture into new markets overseas to capitalise on the different property development and investment opportunities that arise, such as the Sino-Singapore Health City joint-venture township development in Gaobeidian, the PRC. SLB’s total gross development value for all its ongoing projects is approximately S$900 million, as at the end of April 2019.

With a strong heritage in construction under LBG, SLB has the requisite knowledge to manage costs and processes efficiently, and leverage on the existing features of land sites or buildings in redevelopment to add value to its property development projects.

Future Direction
Moving forward, SLB’s focus will be on strengthening its diversified portfolio that will allow it to mitigate sector and geographical risks, especially during market down cycles – such as that in Singapore currently. SLB will continue to work with its partners to seek and acquire well-located sites and buildings where it can utilise innovative designs and lifestyle themes to develop quality properties.

With rapid globalisation, it is inevitable for SLB’s geographical expansion plans to be accelerated. Led by a forward-thinking, versatile and experienced management, SLB is well-positioned to explore suitable opportunities to enter new geographical markets. The Group has recently acquired an equity stake in a unit trust that jointly owns a large retail centre in Sydney, which has refurbishment and redevelopment potential for possible income enhancement and sale at the end of the initial investment terms. The management will constantly re-evaluate its portfolio and business model to remain adaptable and resilient to market changes.

CORPORATE EXCELLENCE

SLB Development Ltd

Introduction
SLB Development Ltd (SLB) is a diversified property developer with extensive experience and track record across the residential, mixed-use as well as industrial and commercial sectors, and property development projects ranging from small to large scale. The diversified nature of its quality portfolio allows effective management of exposure to the fluctuations in demand and/or changes in regulations for each type of property development.

The Group’s history could be traced back to SGX-listed Lian Beng Group Ltd (LBG), which is one of Singapore’s major main contractors that was established in 1973 and listed since April 1999. SLB’s successful listing on SGX’s Catalist Board in April 2018 marked the start of a new chapter for the company to grow independently.

SLB is led by Executive Director and CEO, Mr Matthew Ong, (王荣强), 37, one of the youngest entrepreneurs in the property development sector, who has accumulated 12 years of experience in the property and construction industry, and was instrumental in growing LBG’s property development division to the SLB as we know today.

Over the years, SLB has built strong networks of business relationships with other developers and contractors, and has expanded its presence beyond Singapore to the People’s Republic of China (PRC). SLB is also committed to be an environmentally- sustainable developer, employing sustainable innovative designs and lifestyle themes for its high-quality developments for the betterment of future generations.

Corporate Culture and Company Activities
SLB has a tight-knit team; the Group strives to create an inclusive workplace environment, committed to mutual respect, fairness and equality. SLB provides opportunities for continuous learning and skills improvement to enhance staff development and recognises the importance of a strong team to drive the Group’s business excellence and continuous success. In this vein, SLB recognises the valuable contributions of its employees, and aims to attract, retain and develop the Group’s employees to their fullest potential.

At the Group level, SLB is cognisant of its social responsibilities and are committed to making a positive impact on the environment and to society. SLB integrates sustainability seamlessly into the Group’s business – across all levels, with due considerations being made to all stakeholders. Corporate social responsibility and sustainability are deeply-rooted in SLB’s corporate culture – apart from numerous donations for charity funds, the Group focuses on the practical implementation of environmental initiatives for all assets, projects and development sites.

Achievements and Impact
While SLB is a relatively young company, the Group is one of the fastest growing developers and has achieved a strong track record of property developments – across multiple asset classes and project sizes. This is made possible through its joint venture strategy, working with other established property developers to manage risks and undertake larger property development projects. Some of SLB notable projects include the freehold commercial development Hexacube along Changi Road; Mandai Foodlink; business and industrial building, Eco-tech @ Sunview; T-Space @ Tampines that had won Best Industrial Development and Spottiswoode Suites that had won Best Luxury Condo Architectural Design at the PropertyGuru Asia Property Awards (Singapore) in 2017; the Midtown & Midtown Residences; Newest; Flora Vista, Floraview and Floraville; as well as KAP & KAP Residences.

The JV model has also allowed SLB to venture into new markets overseas to capitalise on the different property development and investment opportunities that arise, such as the Sino-Singapore Health City joint-venture township development in Gaobeidian, the PRC. SLB’s total gross development value for all its ongoing projects is approximately S$900 million, as at the end of April 2019.

With a strong heritage in construction under LBG, SLB has the requisite knowledge to manage costs and processes efficiently, and leverage on the existing features of land sites or buildings in redevelopment to add value to its property development projects.

Future Direction
Moving forward, SLB’s focus will be on strengthening its diversified portfolio that will allow it to mitigate sector and geographical risks, especially during market down cycles – such as that in Singapore currently. SLB will continue to work with its partners to seek and acquire well-located sites and buildings where it can utilise innovative designs and lifestyle themes to develop quality properties.

With rapid globalisation, it is inevitable for SLB’s geographical expansion plans to be accelerated. Led by a forward-thinking, versatile and experienced management, SLB is well-positioned to explore suitable opportunities to enter new geographical markets. The Group has recently acquired an equity stake in a unit trust that jointly owns a large retail centre in Sydney, which has refurbishment and redevelopment potential for possible income enhancement and sale at the end of the initial investment terms. The management will constantly re-evaluate its portfolio and business model to remain adaptable and resilient to market changes.