Soon Hock Enterprise Holding has submitted its preliminary prospectus to authorities with the Monetary Authority of Singapore (MAS) and its offering is expected to be launched on the Mainboard of the Singapore Exchange Securities Trading (SGX-ST).
Soon Hock Enterprise is a prominent participant in industrial real estate development concentrating on developing and selling of industrial properties. Leveraging on their vast experience, the Group has launched more than 1,200 strata-titled industrial units in Singapore demonstrating their expertise in creating substantial development essential to Singapore’s business infrastructure.
“The group’s property development projects are primarily located at strategic locations in up and coming Singapore, which is synonymous with a burgeoning economy and a strong demand for real estate.” Moving forward, Soon Hock Enterprise is keen to grow its portfolio through the addition of additional land sites and properties in Singapore.” This tactical business move is part of the strategy to elevate their position within the market – in terms of development and possible redevelopment opportunities alongside other properties these developers have as footholds with certainty in a competitive property industry such as Singapore.
Its property development income represented the largest contribution to revenue in the review period from 1QFY2004-1QFY2005, FY2022 and ending FY2024. This income is derived primarily from the construction and disposition of industrial properties. The Company also generates rental income from the leasing of its investment properties. By investing financially in this way, they demonstrate a talent for both using the assets of property to drive revenue and thus at once solidifying their industry segment in the market place and thereby continuing their growth.