One Sophia will be jointly developed by CEL Development, Sing-Haiyi Crystal and Ultra Infinity after their successful collective transaction.
CEL Development Pte Ltd is the property investment and development arm of Chip Eng Seng Corporation Ltd, a public listed company in Singapore since 1999. Spearheading the Group’s portfolio in property development, CEL has over the years established itself as one of the industry’s fastest-rising names. With development projects in Singapore, Australia and Vietnam, CEL has established impressive growth in recent years.
Chip Eng Seng Corporation is a multinational conglomerate company with businesses in construction, civil infrastructure, precast technology, property development and investment, hospitality, as well as education. Today, its property development and investment portfolio span shophouses, residential, commercial, industrial and mixed-use development projects. Currently, the Group has a business presence in Singapore, Malaysia, Vietnam, Australia, New Zealand and the Maldives. Its portfolio of residential projects includes Grandeur Park Residences, High Park Residences, Belysa, Grange Infinite, The Suites@Central, Bishan Loft and many others. With such notable projects under their belts, future homeowners of former Peace Centre/Mansion can look forward to a high-quality development.
SingHaiyi Group is a fast-growing, diversified company focused on property development, investment and management services. Apart from an established track record in residential property development, the Group also holds a diversified portfolio of income-generative assets in the commercial and retail sectors, with geographical reach into the US and widening exposure in Asia. Over the years, SingHaiyi has built a solid track record in property development in Singapore with well-designed and quality residential properties such as The Vales and City Suites, both rated “CONQUAS STAR” by the Building and Construction Authority (BCA). The Vales has won three awards at the 2018 PropertyGuru Asia Property Awards (Singapore) — this is an endorsement of the design and quality of SingHaiyi’s projects that inhabitants of former Peace Centre/Mansion can look forward to. SingHaiyi is founded on business excellence and integrity, and endeavours to build a trustworthy and reliable brand for enduring growth and a legacy for generations.
Sing-Haiyi Crystal is a joint venture between SingHaiyi Group and Chip Eng Seng controlling shareholders - Gordon Tang and Celine Tang.
Ultra Infinity is a company equally held by KSH Holdings, SLB Development and Ho Lee Group.
KSH Holdings Limited is a well-established construction, property development and property investment group that was incorporated in 1979 and has been listed on the Mainboard of the SGX-ST since 2007. Its projects have performed well in CONQUAS, a standard assessment system on the quality of building projects. The Group has also jointly acquired properties across the globe including the United Kingdom, Australia, Malaysia and Japan. Demonstrating its commitment to quality developments, KSH has received several BCA Construction Excellence Awards including that for Fullerton Bay Hotel and NUS University Town’s Education Resource Centre in 2013 and Madison Residences in 2014, amongst them.