Top 10 Property Developers in Singapore: The Definitive Guide

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Buying off-plan is the preferred choice for many investors in Asia, including Singapore. But there’s little information out there that explains about the largest and most reputable developers.

Foreigners can generally not buy landed houses in Singapore, leaving them with the option to buy a condo or an apartment, often off-plan.

In this article, I’ve listed the biggest and most popular real estate developers in Singapore.

1. Far East Organization

Far East Organization is one of the largest property developers, not only in Singapore, but in the whole world. It’s owned by Robert and Philip Ng, who’s also ranked as the richest person in Singapore.

The group also owns the Sino Group in Hong Kong, which is one of the largest property developers in Hong Kong. Far East Organization is also one of the oldest developers in Singapore founded in 1962.

On top of that, the group owns a number of subsidiaries, like Yeo Hiap Seng Limited and Far East Orchard.

According to some estimates, they’ve completed more than 750 projects in the last five decades, making the calculations, it means that one in six families in Singapore lives in a house/apartment developed by Far East Organization.

It’s currently the only property developer in the world that has won ten FIABCI Prix Excellence Awards, which is the most reputed international award for property developers.

Property types

You can find a wide range of options to invest in Far East Organization projects. They develop everything from residential property, commercial property, offices, industrial buildings, hotels, serviced residences, shopping malls and others.

You’ll also be able to find many residential properties like terrace houses, penthouses, apartments, condominiums, townhouses, semi-detached houses, cluster housing and others.

Current projects

  • Alana
  • Woods Square
  • Bijou
  • Alba
  • Banyan Condominium

Future projects

  • Greenwood Mews
  • The Scotts Tower
  • The Siena

Price & areas

a. The price of a terrace house in Alana at Sunrise Terrace is around SGD 2.5 million (USD 1.9 million)

b. The price of a 100-120 square meter condo in Bijou at Pasir Panjang Road is around SGD 2.5 million (USD 1.9 million)

c. The price of a 142 square meter condo in The Banyan Condominium is around SGD 1.8 million (USD 1.35 million)

2. El Development Pte Ltd

El Development Pte Ltd was founded in 2005, within a decade, it’s considered to be one of the top property developers in Singapore. It’s a subsidiary of a larger company, Evan Lim & Co. Pte Ltd or Even Lim Group.

They’ve earned good rankings in different property award ceremonies.

Property types

El Development Pte Ltd. is mostly known for building residential and industrial projects (like factories). Their residential projects mostly consist of high-rise apartment or condominium buildings.

Current projects

  • Rosewood Suites
  • Illuminaire on Devonshire
  • Parc Centennia
  • Symphony Suites
  • Rhapsody on Mount Elizabeth
  • Parc Riviera

Future projects

  • La Fiesta
  • SkySuites 17
  • Stevens Suites
  • Trivelis

Prices & areas

a. The price of a condo in Parc Riviera at West Coast Vale is around SGD 1.5 million (USD 1.1 million)

b. The price of a 65-70 square meter condo in Stevens Suites at Stevens Close is around SGD 1.3 million (USD 1 million)

c. The price of a 95-100 square meter condo in Symphony Suites at Yishun Close is around SGD 1 million (USD 750,000)

3. City Development Ltd

City Developments is the second largest property developer in Singapore, after the Far East Organization. It’s a subsidiary of Hong Leong Group.

City Developments is owned by Kwek Leng Bang, who’s ranked as the fourth richest person in Singapore. It’s also an international property developer with projects in more than 25 countries, mostly in Southeast Asia.

Not surprisingly, they’ve won property awards for their good work.

Property types

Includes residential projects, hotels, shopping malls, office buildings, serviced apartments, integrated developments and other commercial projects.

Current projects

  • Lush Acres
  • Echelon
  • Robertson Quay Mixed Developments
  • One Shenton
  • The Venue Residences and Shoppes

Future projects

  • Nouvel 18
  • Forest Woods
  • Coco Palms
  • The Criterion

Prices & areas

a. The price of a 140 square meter condo in the One Shenton at Shenton Way is around SGD 3.5 million (USD 2.6 million)

b. The price of a 70 square meter condo in the Echelon at Alexandra View is around SGD 1.5 million (USD 1.1 million)

c. The price of a 100-110 square meter condo in the Robertson Quay at Robertson Quay is around SGD 2.5 million (USD 1.9 million)

4. Frasers Centrepoint Ltd

Frasers is one of the oldest and biggest property developers in Singapore and was founded in 1963.

It’s a property arm of TCC Assets Limited along with other subsidiaries, like Frasers Property Australia.

Frasers Centerpoint Limited doesn’t only operate in Singapore, but also internationally. Overseas projects include countries like Australia, China, Vietnam, United Kingdom, Thailand, Malaysia and others.

In total, Frasers has completed property projects in more than 80 cities all around the world.
They have an impressive workforce of more than 4,500 employees.

Property types

They have a diverse portfolio when it comes to property types. You can find all types of projects including residential property, industrial buildings, commercial property, hotels, resorts and shopping malls.

Current projects

  • Q Bay Residences
  • Northpoint City
  • Twin Foundations
  • RiverTrees Residences
  • North Park Residences

Future projects

  • Seaside Residences
  • Parc Life EC

Prices & areas

a. The price of an apartment in Q Bay Residences at Tampines Street 86 is around SGD 1 million (USD 750,000)

b. The price of 90-95 square meter condo in Caspian at Lakeside View is around SGD 1 million (USD 750,000)

c. The price of 95 square meter condo in Seaside Residences at Siglap Link is around SGD 1.5 million (USD 1.1 million)

5. MCC Land

MCC Land Pte Ltd. is another big property developer in Singapore. This state-owned real estate developer offers a wide range of real estate services, including construction, development, management and engineering services.

It’s relatively a new company founded in 2010, but it’s already well known for its high-end private and executive condominiums.

They’ve also won awards for being one of the best developers in Singapore.

Property types

MCC Land develops and manages a wide range of properties including residential, commercial, office, and landmark projects, like Universal Studios Singapore and Resorts World.

They are mostly known for their high-rise luxury condominium projects.

Current projects

  • Sea Horizon
  • The Nautical
  • The Canopy
  • Canberra Residences
  • Forestville

Future projects

  • Queens Peak
  • The Alps Residences
  • North Wave
  • Poiz
  • Santorini

Prices & areas

The price of 100 square meter condo in The Alps Residences at the Tampines Street 86 is around SGD 1.1 million (USD 800,000)

The price of an apartment in The Nautical at Sembawang Road is around SGD 1 million (USD 750,000)

6. Qingjian Realty

Qingjian Realty is a relatively new property developer and founded in 2008. Still, it’s ranked among the top developers in Singapore. The company belongs to an even larger conglomerate, Qingjian Group Co., Ltd.

In addition to many commercial and residential high-rise projects, Qingjian Group is also known for the development of Liuting International Airport and the Olympic Sailing Center.

Their project, The Visionaire, won the award for Best Executive Condo Development by PropertyGuru Asia Property Awards (Singapore).

Property types

Almost all of their projects are high-rise condominiums or apartment buildings.

Current projects

  • Bellewoods
  • Waterbay
  • Bellewaters
  • Ecopolitan
  • Nin Residence

Future projects

  • Le Quest
  • iNz Residence
  • The Visionaire

Prices & areas

a. The price of a condo in the River Isles at Edgedale Plains is around SGD 800,000 (USD 600,000)

b. The price of a three bedroom condo in the Le Quest at Bukit Batok West is around SGD 1 million (USD 750,000)

7. GuocoLand

GuocoLand is a Singapore based property developer, founded in 1976. It’s one of the subsidiaries of GuocoLand Assets Pte. Ltd. The current CEO of the company is Raymond Choong Yee How.

GuocoLand made headlines when they paid a record price per square meter for a site used for office developments.

Except for operating in Singapore, they develop and manage properties in China, Vietnam and Malaysia.

Like most of the other biggest property developers, GuocoLand has won awards for being one of the best property developers.

They also won several other awards, including awards for Best Luxury Condo Development, Best Retail Development, Best Office Development, Best Green Development, Best Hotel Development and Best Mixed Use Development.

Property types

Guocoland develop all types of properties including residential (mostly condos and high-rise apartment buildings) hotels, office buildings, mix-used buildings and more.

In total, they’ve completed around 30 residential projects in Singapore so far.

Current projects

  • Martin Modern
  • Sims Urban Oasis
  • Leedon Residence
  • Guoco Tower (Propertyguru award for Best Office Development)
  • Tanjong Pagar Center (Propertyguru award for Best Mixed Use)

Future projects

  • Wallich Residence (Propertyguru award for Best Luxury Condo Development)

Prices & areas

a. The price of a 95 square meter condo in Martin Modern is around SGD 2.3 million (USD 1.7 million)

b. The price of a 95 square meter condo in Sims Urban Oasis at Sims Drive is around SGD (USD 1.1 million)

c. The price of a 4-bedroom penthouse in the Leedon Residence in Leedon Heights is around SGD 7 million (USD 5.25 million)

8. Bukit Sembawang Estates Limited

Bukit Sembawang Estates Limited is the oldest major property developer in Singapore, it was founded in 1911.

It’s won numerous awards and was ranked as one of the 10 best developers in Singapore.

Property types

Even if most of the developers in Singapore focus more on high-rise apartment and condominium projects, you can find both terrace houses and apartment projects by Bukit Sembawang.

Luxus Hills phases from one to seven and Mimosa phases from one to six are their popular terrace house projects.

Even if it’s difficult to buy a landed house in Singapore, you still have options to invest in property other than apartments and condominiums.

Current properties

  • Watercove
  • Paterson collection
  • Skyline Residences
  • Luxus Hills
  • The Vermont on Cairnhill
  • Verdure

Future properties

  • 8 St Thomas
  • Nim Collection
  • Luxus Hills Phases 8 and 9

Prices & areas

a. The price of a terrace house in the Luxus Hills at the Seletar Green Walk is around SGD 2.8 million (USD 2.1 million)

b. The price of a semi-detached house in The Whitley Residences at Whitley Road is around SGD 5 million (USD 3.75 million)

The price of a 125 square meter condo in the Skyline Residences at Telok Blangah Road is around SGD 2.6 million (USD 2 million)

9. Hoi Hup Realty Pte Ltd

Hoi Hup Realty Pte Ltd is a well-known property developer in Singapore and was founded in 1983. It’s a subsidiary of SC Wong Holdings Pte. Ltd.

I was ranked as the fourth best developer in Singapore by the BCI Asia top 10 Awards.

Property types

Hoi Hup Realty Pte Ltd is also a great option if you’re interested in projects other than apartments. You can find both high-rise apartments and townhouses and terrace houses by Hoi Hup Realty Pte Ltd.

Current projects

  • The Whitley Residences
  • Royal Square at Novena
  • Sophia Hills
  • Residences at Killiney
  • Hundred Palms Residences

Future projects

  • An upcoming condominium project at Yio Chu Kang Road
  • An upcoming condominium project at Anchorvale Lane

Prices & areas

a. The price of a semi-detached house in The Whitley Residences at Whitley Road is around SGD 5 million (USD 3.75 million)

b. The price of a 65 square meter condo in Sophia Hills Residences at 11 Mount Sophia is around SGD 1.5 million (USD 1.1 million)

10. CapitaLand

CapitaLand Limited is one of the largest property developers, not only in Singapore, but in the whole Asia. It was established in 2000 as a result of a merger of Pidemco Land and DBS Land.

The headquarter of the company is based in Singapore, but they develop residential, commercial and retail projects all over Asia and other parts of the world.

Even if most of their residential projects are outside of Singapore (mostly in China), you can also find some projects in Singapore as well.

Property types

Residential projects, commercial projects and shopping malls. The residential projects include condominiums, apartments and services residences.

Current projects

  • Bedok Residences
  • Marine Blue
  • The Interlace
  • D’Leedon
  • The Orchard Residences
  • Victoria Park Villas

Future projects

CapitaLand plans to build new shopping malls in Singapore and China in the future, but there’s not much information available about any upcoming residential projects.

Prices & areas

a. The price of a semi detached house in the Victoria Park Villas at Coronation Road is around SGD 5 million (USD 3.75 million)

b. The price of an apartment in the Marine Blue at Marine Parade Road is around SGD 1.7 million (USD 1.3 million)

c. The price of a 75 square meter condo in The Interlace on Depot Road is around SGD 1.3 million (USD 1 million)

I hope you found this article helpful and interesting. I also recommend you to read my separate guide that explains how you can buy property as a foreigner in Singapore.

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3 Responses to “Top 10 Property Developers in Singapore: The Definitive Guide”

  1. Mohd Sahrum October 4, 2018 at 5:16 pm #

    Hi there Marcus,

    Apart form the above 10 players in Singapore are there any other top players in the Property Development (Buy and Develop outside Singapore) having their HQ in Singapore.

    Appreciate if you could assist in this matter.

    Looking forward to hear from you at your earliest possible convenience.

    Regards,
    Mohd Sahrum Ishak,
    Hackna International Sdn. Bhd.
    Brunei

    • Marcus Sohlberg October 5, 2018 at 5:22 am #

      Hi Mohd,

      Yes, Singaporean developers are famous for building much overseas.

      Some examples are Mapletree, CapitaLand, Macly Group, and Keppelland.

  2. Mark Michael November 4, 2018 at 11:46 pm #

    I am interested to talk to a responsible agent or a developer who is interested in an opportunity to develop RESORT HOTEL (1500 bedrooms + CASINO). I am officially representing the Land Owner of the sea-front property in Nassau, The Bahamas.

    Call me to discuss (94) 779489898..

    Thanks, Mark Michael, Director MG Capita (Pvt) Limited, Sri Lanka.

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