Chip Eng Seng Group had grown and established from a business as a subcontractor for landed housing to the main contractor for the Singapore Housing Development Board (HDB) in the 1960s. The Group further diversified its construction business into property investment and development in residential, commercial and industrial in the 1990s. Chip Eng Seng Corporation Ltd (CES) is also listed on the Singapore Exchange Securities Trading Limited (SGX-ST). Under its wing is the prominent property investment and development arm CEL Development Pte. Ltd. (CEL). CEL has been actively acquiring land for property development and investment from the year 2000, which includes sites for residential, commercial and industrial. CEL has since built up a strong portfolio of many mid-market and high-end prime properties in Singapore.
CEL is also a strong believer in partnership to achieve more business opportunities and growth in property developments. Not only it teamed up with reputable foreign partners but also jointed venture with local partners like NTUC Choice Homes Co-operative Ltd and Keppel Land Limited on various high profile projects. CEL is currently exploring and expanding its local business across the border in Vietnam and aims to further seek more business opportunities in South East Asia’s market.
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