Founded in 1970, Chuan Hup Holdings Limited ("Chuan Hup") has grown into an investment company with a diversified portfolio of strategic investments, including investment properties and property development in Perth, Western Australia and the Philippines. The Group also engages in equity investments.
Chuan Hup began as a tug and barge service provider to PSA Corporation in Singapore, establishing a reputation as one of the leading owners and operators of marine transportation equipment to the resource industry. Following its listing on the Mainboard of the Singapore Exchange Securities Trading Limited ("SGX-ST") in 1983, the Group diversified its business footprint to include property development and electronics manufacturing services under PCI Limited ("PCI").
In 1992, PCI was listed on the then Sesdaq of SGX-ST and transferred to the Mainboard of SGX-ST in 1995. In 2019, Chuan Hup disposed of all of its shares in PCI.
On the property front, Chuan Hup has marked several milestones locally and in the Asia Pacific region after two decades in property development. From its first residential project in Singapore, The Clementvale, in 1999, the Group has since ventured overseas to invest in property development projects in Australia and the Philippines. Through strategic partnerships with local businesses, Chuan Hup harnesses their local expertise to drive development projects. Its past developments region-wide have received strong reception and achieved strong sales soon after completion.
In 2014, Chuan Hup acquired three floors of office space in GB Building in Singapore to be held as investment property with the objective of securing long-term recurring rental income. It further strengthened its investment property portfolio with the acquisition of one floor of office space in The Central in 2019.
With a focus on delivering long-term sustainable growth, Chuan Hup continues to explore investment opportunities with prudence to further augment its portfolio and generate sustainable value for its stakeholders.