Kheng Leong Company

What Kheng Leong Company does

Kheng Leong Company Pte Ltd is a Singapore-incorporated, privately-held real estate developer and investment group founded in 1949 and controlled by the Wee family. Originally established as an international commodity and spice trading company, it transitioned during the 1980s–1990s into property development and real estate investment. The company operates from its Singapore headquarters at 83 Clemenceau Avenue (UE Square) and maintains a wholly-owned Shanghai subsidiary, Kheng Leong (Shanghai) Investment Management Co. Ltd., serving the China market. Ownership and governance are entirely family-controlled: the six-member Board comprises Mdm Chuang Yong Eng, Mr Wee Ee Cheong, Mr Wee Ee Chao, Mr Wee Ee Lim, Mdm Wee Wei Ling, and Mdm Wee Wei Chi, with no external institutional shareholders.

The company delivers a diversified residential portfolio across four product lines: Luxury Residences in prime Singapore districts (15 Holland Hill, Meyer House, The Nassim, Nassim Park Residences, Trevose 12, 72 Grange Road, Tudor Ten, Residence 8, Sutton Place, Evian Condominium), Quality Homes targeting middle-income buyers (AMO Residence, The Watergardens At Canberra, Avenue South Residence, Principal Garden, The Woods, Double Bay Residences, The Minton, Oasis Garden, One North Residences, The Chuan, Domain 21, Hills Apartment, The Ansley, 8 on Chuan), Executive Condominiums (The Terrace EC, The Topiary EC, The Eden At Tampines EC), and Overseas Luxury Residences in Shanghai (Park Eleven, 沁风雅苑/Qin Feng Ya Yuan). Project scale ranges from 8-unit exclusive enclaves to mass-market developments exceeding 1,100 units (The Minton). A consistent differentiator is collaboration with internationally acclaimed architects and designers including Rogers Stirk Harbour + Partners, WOHA Architects, SCDA Architects, Yabu Pushelberg, Neri and Hu, and Wirtz International.

Revenue is generated through one-time sales of completed residential units, both directly and via joint developments with established Singapore developers UOL Group and Singapore Land Group on flagship projects such as AMO Residence and The Watergardens at Canberra. The customer base spans High-Net-Worth Individuals seeking exclusivity in District 10, Nassim, Orchard, and Holland Road, middle-income families targeting suburban quality homes near MRT corridors, Singapore Citizens and PRs purchasing Executive Condominiums at HDB-eligible price points, and overseas Chinese buyers in Shanghai's luxury market. Distribution is via direct showflat sales with no intermediary channel, supplemented by joint marketing with co-developers, corporate website content, and earned media coverage in The Straits Times and Business Times. The company does not publicly disclose unit pricing, sell-through rates, or financial results.

Name

Kheng Leong Company

Legal name

Kheng Leong Company Pte Ltd

Website

https://khengleong.com.sg

Company type

Private

Founded year

1949

Operating status

Operating

Headcount range

1–10 employees

Short description

Singapore-based private residential property developer established in 1949 and controlled by the Wee family, delivering luxury residences, quality homes, and executive condominiums across Singapore and Shanghai through direct sales and joint ventures with UOL Group and Singapore Land Group.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

SIC

Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

Keywords

• Residential property development
• Luxury residences
• Executive condominiums
• Real estate investment
• Singapore property developer

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Marketing or Sales, Others

Revenue model

1. Residential Property Sales: The primary revenue stream comes from the development and sale of residential properties. The company develops luxury residences, quality homes, executive condominiums, and overseas projects (Shanghai), generating revenue through unit sales at various price points.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Kheng Leong Company is a Singapore-based property developer that conceives, develops, and sells residential real estate across four segments: Luxury Residences (premium freehold and strata developments in prime Singapore districts and Shanghai), Quality Homes (mid-market condominiums), Executive Condominiums (public-private hybrid housing for eligible Singapore Citizens and PRs), and Overseas Luxury Residences in Shanghai, China. The company handles end-to-end project development from land acquisition and architect/designer selection through construction, marketing via showflats, and direct sales to individual buyers, often partnering with established developers such as UOL Group and Singapore Land Group for joint ventures.

Product overview

Kheng Leong Company is a Singapore-based real estate developer incorporated in 1949 that has evolved from commodity trading to property development. The company offers a diversified portfolio of residential developments across four main categories: Luxury Residences (premium properties in prime locations including 15 Holland Hill, Meyer House, The Nassim, and Nassim Park Residences), Quality Homes (mid-market condominiums including The Watergardens At Canberra, Avenue South Residence, and AMO Residence), Executive Condominiums (including The Terrace EC, The Topiary EC, and The Eden At Tampines EC), and Overseas Luxury Residences in Shanghai (沁风雅苑 and Park Eleven). The portfolio ranges from 8-unit exclusive developments to large-scale projects with over 1,100 units, spanning projects from 1987 to upcoming 2026 launches. The company partners with renowned international architects and designers including Rogers Stirk Harbour + Partners, SCDA Architects, WOHA Architects, Neri and Hu, and Yabu Pushelberg.

Differentiator

Problem solved

Functional benefit

Products and services

• Skye at Holland A current residential development located at the junction of Holland Road and North Buona Vista Road, close to Singapore Botanic Gardens, comprising two residential towers elevated above a two-storey podium with warm tactile materials including brick and bronze metalwork.
• Canberra Crescent Residences A 376-unit residential development designed for growing families, featuring sweeping views, a private Sky Garden, and an integrated Childcare Centre, located near Canberra MRT with access to the North Coast Innovation Corridor.
• 21 Anderson An 18-unit luxury development combining creative sensibilities of multiple designers, positioned as a unique residential offering.
• 32 Gilstead A residential development featuring timeless design set amidst a lush landscaped garden, built for enduring comfort.

Quantifiable outcome

• Award-winning projects including FIABCI Prix D'excellence recognition (One North Residences), multiple PropertyGuru Asia Property Awards, and consistent EdgeProp Singapore Excellence Awards

Segments4 records

Ideal customer profiles4 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• UOL Group LimitedcoreStrategic or Co-development PartnerJoint development partner for The Watergardens at Canberra and AMO Residence projects. UOL Group is a major Singapore property developer with extensive portfolio in residential, commercial, and hospitality segments. The partnership combines Kheng Leong's expertise with UOL's development capabilities for successful project delivery.
• Singapore Land Group LimitedcoreStrategic or Co-development PartnerJoint development partner for The Watergardens at Canberra and AMO Residence projects. Singapore Land Group (SingLand) is a leading Singapore property developer with strong presence in residential and commercial property markets. The partnership leverages combined resources and expertise for major development projects.

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• City Developments Limited (CDL): One of Singapore's largest listed developers with extensive luxury condominium portfolio and global footprint. Competes directly with Kheng Leong in the prime Singapore luxury segment and runs comparable joint-venture models.
• UOL Group Limited: Singapore-listed developer with luxury and investment-grade residential portfolio. Co-develops flagship projects with Kheng Leong (AMO Residence, Avenue South Residence, The Watergardens at Canberra), making it the most direct strategic and operational peer.
• Singapore Land Group Limited: Singapore-listed property group with residential and commercial focus. Active JV partner with Kheng Leong and UOL on AMO Residence and The Watergardens at Canberra, with overlapping luxury and mid-market residential positioning.
• Far East Organization: Largest private property developer in Singapore, with luxury and mid-market segments. Directly comparable to Kheng Leong in scale of residential pipeline and reliance on private capital rather than listed equity.
• GuocoLand Limited: Singapore-listed developer with luxury and mid-market residential projects in CCR and RCR. Competes head-to-head with Kheng Leong for prime land bids and HNW buyers, with similar emphasis on design quality.
• Wing Tai Holdings Limited: Singapore-listed developer with boutique luxury residential focus. Similar in size and product mix to Kheng Leong, particularly around design-led, low-unit-count luxury projects in prime districts.

Emerging players

• TEE International Limited: Smaller Singapore-listed property developer with boutique residential projects. Comparable mid-market to luxury positioning but at smaller scale than Kheng Leong, with partial overlap in target buyer segments.

Broad incumbents

• Frasers Property Limited: Singapore-listed multi-asset property group with residential developments alongside commercial, hospitality, and industrial. Broader portfolio than Kheng Leong, but directly competes in Singapore mid-market and luxury residential launches.
• Keppel Ltd. (Keppel Land): Singapore-listed conglomerate with significant residential development arm. Operates across luxury and mid-market segments in Singapore and regionally, competing with Kheng Leong on prime GLS land bids.
• CapitaLand Development (CapitaLand Group): One of Asia's largest diversified real estate developers with significant Singapore residential pipeline. Larger and more diversified than Kheng Leong, but overlaps in luxury and mid-market condo launches.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Kheng-Leong-Co-102681751341163
• LinkedInlinkedin.com/company/kheng-leong-company-private-limited

Compliance19 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kheng Leong Company