As of 31 December 2015, Allgreen has 34 subsidiaries and 12 associated companies and has a portfolio of development properties consisting of a mix of condominiums, terrace and semi-detached units on freehold and 99-year leasehold tenures. Allgreen maintains a landbank by purchasing land from private parties and participates in land tenders by the Government.
Allgreen’s investment property portfolio comprises of Great World City, Tanglin Mall and Tanglin Place. At approximately 1.06 million square feet of lettable space, Great World City comprises of two 18-storey office towers that is connected by a 4-storey podium, a 3-storey retail mall with 3 basements and 304 serviced apartments, known as Great World Serviced Apartments equipped with top-notch facilities and amenities.
Tanglin Mall and Tanglin Place are owned through a 55.4% stake in Cuscaden Properties Pte Ltd, which also owns Hotel Jen Tanglin Singapore. A 3-storey shopping complex with 4 basements, Tanglin Mall is located in prime District 10 and has an approximate lettable area of 146,000 square feet. Tanglin Place is a 4-storey commercial complex with a lettable area of 34,000 square feet.
Together, they provide a stable source of recurring income for Allgreen, while at the same time strengthening Allgreen’s earning base.
Allgreen has participated in numerous joint ventures that include the development of mixed projects in:
- Shanghai, PRC
- Tianjin, PRC
- Chengdu, PRC
- Qinhuangdao, PRC
- Shenyang, PRC
- Tangshan, PRC
- Ho Chi Minh City, Vietnam
- Vung Tau City, Vietnam
Through its wholly-owned subsidiary, Leo Property Management Pte Ltd (LPM), Allgreen engages in project management and provides support services that include concept planning, design development advice, calling and awarding of tenders for construction work, supervising and monitoring construction, budgets and progress payments.