Chuan Hup Holdings Limited (“Chuan Hup” or “the Group”) is an investment company with a diversified portfolio of strategic investments which includes investment properties and property developments in Singapore, Australia and the Philippines, as well as equity investments.
Founded in 1970, Chuan Hup began as a tug and barge service provider to PSA Corporation in Singapore. Through the years, Chuan Hup has its reputation as one of the leading owners and operators of marine logistics to the resource industry.
Following its listing on the Mainboard of the Singapore Exchange Securities Trading Limited (“SGX-ST”) in 1983, Chuan Hup diversified its business footprints to include property development and electronics manufacturing services under the then Sesdaq-turned-Mainboard listed PCI Limited (“PCI”).
In 2005, Chuan Hup divested its interests in the marine logistics business with a 29.1% out of a total interest of 52.8% in CH Offshore Ltd (“CHO”) to Scomi Marine Berhad (“Scomi”), for a consideration in cash and 28.9% interest in Scomi. In 2011, the Group divested all of its interests in Scomi. Subsequently in 2015, the Group divested its remaining stake of 24.67% in CHO. With this, Chuan Hup had divested all of its interests in the marine logistics and oil & gas sector.
In 2019, Chuan Hup divested all its interests in PCI thereby exiting the electronic manufacturing sector.
With over two decades of experience in the property development sector, Chuan Hup has marked several milestones locally and in the Asia Pacific region. Starting off with its first residential project in Singapore in 1999, Chuan Hup then ventured overseas to invest in property development projects in Australia and the Philippines through strategic joint ventures with in-country local partners.
In Australia, Chuan Hup’s associate, Finbar Group Limited, is recognised as a leading developer of residential apartment homes in Western Australia where the Group has on-going development projects with. As announced on 12 July 2021, the Group has formed a joint venture with Siera Group in Queensland to acquire and develop a development land site located in Surfers Paradise, Queensland. This new partnership has expanded its footprint in Australia where the Group hopes to see more projects in time to come.
In the Philippines, Chuan Hup’s associate Keyland Ayala Properties Inc., is both a developer and owner of prime real estate in the central business district of Makati.
In 2014, Chuan Hup decided to build a portfolio of investment properties with the objective of long-term recurring rental income by acquiring three floors of office space in GB Building. The acquisition of one floor of office space in The Central was later added to its portfolio in 2019.
With a focus on delivering long-term sustainable growth, Chuan Hup will continue to explore investment opportunities to generate sustainable returns and value for its stakeholders.
