Spottiswoode Suites Developer-Joint Development between Centurion and SLB Development (Spin-off Lian Beng Group Ltd)
Centurion Corporation Limited (“Centurion”), formerly known as SM Summit Holdings Limited, is a diversified business group that is involved in two main businesses – the design, development, ownership and management of dormitory assets (“Accommodation Business”), and the manufacture and sale of optical storage media (“Optical Disc Business”).
The Group was established in 1981 in Singapore and has since grown its Optical Disc Business operations globally to encompass Australia and Indonesia. Listed on SGX-ST in 1995 as one of the market leaders in the optical storage media industry, the Group subsequently made the decision to enter the Accommodation Business to capture the opportunities in this niche market. In August 2011, the Group successfully diversified into the workers accommodation industry through the acquisitions of Westlite Dormitory (Toh Guan) Pte Ltd (formerly known as Centurion Dormitory (Westlite) Pte Ltd) and a 45% stake in Lian Beng-Centurion (Mandai) Pte Ltd (“LBCM”). Upon completion of development and upgrading works in Westlite Toh Guan and LBCM, along with newly acquired Westlite Tuas, the Group will accommodate approximately 23,000 foreign workers, making Centurion one of the largest independent dormitory owner-operators in Singapore. The Group has moved swiftly in developing its Accommodation Business and has successfully established its footprint overseas in Malaysia.
The Group endeavours to be one of the leading providers of quality workers accommodation in the region through three principal tenets, namely, undertaking active asset enhancement initiatives, developing and providing customized dormitory management services, as well as identifying, acquiring and developing quality workers accommodation assets in Asia.
Some of Centurion joint ventures in property development are as follows
SLB Development (Spin-off Lian Beng Group Ltd)
Established in 1973, Lian Beng Group is one of Singapore’s major home-grown building construction groups with integrated civil engineering and construction support service capabilities. The Group is principally involved in the construction of residential, industrial and commercial projects, and civil engineering projects as the main contractor.
Lian Beng’s status with the Building and Construction Authority (BCA) as an A1 grade contractor in General Building enables it to tender for public sector building projects of unlimited contract value, while its A2 grade in Civil Engineering allows it to handle engineering projects of up to $85 million in contract value. Through its years of experience and solid track record, the Group has also established for itself a solid reputation for its ability to handle large-scale and complex projects.
Beyond construction, Lian Beng is also engaged in other construction-related activities. These include the provision of scaffolding and engineering services, the supply of ready-mix concrete, leasing of equipment and machinery, reinforcement bar fabrication and training of foreign construction labour. The Group also engages in property development, albeit on opportunistic bases, and usually with joint-venture partners.
The Group was listed on the Main Board of the Singapore Exchange in 1999. Other developments include Ola Residences while the rest of Lian Beng joint ventures in property development are as follows
-joint venture with KSH Holdings Limited and Tee International Limited in the development of Hexacube at Changi.
-Koh Brother, KSH and Heeton in the development of Lincoln Suites.
–The Midtown and Midtown Residences with Oxley Holdings.
-KSH Holdings Limited, Tee International Limited, Oxley Holdings Limited, Heeton Holdings Limited and ZAP Piling Pte Ltd in the development of Flora Ville, Flora View and Flora Vista and NeWest.
-joint venture with The Legacy Partners in the development of Mandai Foodlink.
–Eco-tech, a joint venture with Oxley Holdings Limited and Centurion.
–Kovan Residences with Centurion Corporation.
–Affinity At Serangoon, Riverfront Residences with KSH Holdings Limited, Oxley Holdings Limited and Apricot Capital.
–Rezi 24 with KSH Holdings Ltd and Heeton Homes