What Slb Dev does

SLB Development Pte. Ltd. is a Singapore-based diversified property developer publicly listed on the SGX Catalist Board under ticker SLB (sgx:1J0). The company develops residential, industrial, commercial, and mixed-use properties across Singapore and overseas markets including China, Australia, and the United Kingdom. Its Singapore portfolio includes large-scale residential projects such as Riverfront Residences (1,472 units) and Affinity @ Serangoon (1,052 units), industrial developments like T-Space @ Tampines and Eco-Tech @ Sunview, commercial projects such as Hexacube, and mixed-use developments including NEWest and KAP & KAP Residences. Overseas, SLB is pursuing the Gaobeidian Project in China (a mixed-use development with sports village and agriculture components) and 225 King Street in Melbourne, Australia.

The company was spun off from Lian Beng Group Pte. Ltd. (LBG), one of Singapore's leading homegrown construction companies, in 2018. LBG, established in 1973 and listed on the SGX Main Board in 1999, remains SLB's controlling shareholder and provides integrated design-build capabilities and financial backing. Leadership is concentrated within the Ong family, with Ms. Ong Lay Koon as Non-Executive Non-Independent Chairman and Mr. Matthew Ong as Executive Director and CEO. The company operates a sales-led go-to-market model, targeting end-user buyers and investors through direct property sales, project launches, showflat engagements, and property exhibitions.

Revenue is generated primarily through one-time property sales across residential, industrial, commercial, and mixed-use developments, with revenue recognized upon completion and transfer of property ownership. Individual unit pricing is not publicly disclosed and is determined by market conditions, property type, location, and size. The company has earned industry recognition including the FIABCI Singapore Residential (High Rise) award (2018), PropertyGuru Asia Property Awards (2017), Singapore Corporate Award for Best Investor Relations (2019), and Asia Pacific Entrepreneurship Awards Corporate Excellence Award (2019). The corporate headcount is listed at 1-10 employees, reflecting a lean structure that leverages Lian Beng Group for construction execution.

Name

Slb Dev

Legal name

SLB Development Pte. Ltd.

Website

https://slbdevelopment.com.sg

Company type

Public

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

SLB Development is a Singapore-based, SGX Catalist-listed diversified property developer building residential, industrial, commercial, and mixed-use developments across Singapore, China, Australia, and the United Kingdom, backed by controlling shareholder Lian Beng Group.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

New Housing For-Sale Builders (236117), Residential Building Construction (23611), Land Subdivision (2372)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Operative Builders (1531)

akta.pro primary industry

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

Keywords

• Residential property development
• Industrial property development
• Commercial property development
• Mixed-use development
• Real estate development

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Property Development Sales: SLB generates revenue primarily through the sale of residential, industrial, commercial, and mixed-use property developments. Revenue is recognized upon completion and transfer of property ownership to buyers. The diversified portfolio spans completed projects and ongoing developments across Singapore and overseas markets.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

SLB Development is a diversified property developer that undertakes residential, industrial, commercial, and mixed-use real estate development projects in Singapore and overseas markets (China, Australia, UK). The company develops, builds, and sells or leases property units — ranging from 36-storey residential towers and strata landed houses to B1 multi-user industrial facilities, office buildings, and integrated mixed-use precincts — primarily to end-user buyers and investors. It generates revenue through property sales upon completion and transfer of ownership.

Product overview

SLB Development is a diversified property developer offering a portfolio of real estate products across Singapore and overseas markets. The company operates through two main divisions: Singapore Property Development (covering Residential, Industrial, Commercial, and Mixed-Use segments) and Overseas Property Development (Commercial and Mixed-Use). Key products include residential developments such as Riverfront Residences (1472 units), Affinity @ Serangoon (1052 units), REZI 24, and Spottiswoode Suites; industrial developments including INSPACE, Mactaggart Foodlink, T-Space @ Tampines, Mandai Foodlink, and Eco-Tech @ Sunview; commercial projects such as Hexacube and 225 King Street Melbourne; and mixed-use developments including The Midtown & Midtown Residences, NEWest, Flora Vista/Floraview, Floraville, KAP & KAP Residences, and the Gaobeidian Project in China.

Differentiator

Problem solved

Functional benefit

Products and services

• Riverfront Residences Large-scale 1,472-unit residential development at Hougang Avenue 7, comprising 9 blocks of 17-storey apartments plus 21 strata landed houses, 6 shops, 2 basement carparks, landscape deck and communal facilities. Targeted at end-user residential buyers and property investors.
• Affinity @ Serangoon 1,052-unit residential development at Serangoon North Avenue 1, comprising 7 blocks of 14-storey apartments (1,012 units) and 3 blocks of 3-storey strata landed houses (40 units), with 5 shops, basement carparks, swimming pools and communal facilities. Targeted at end-user residential buyers and investors.
• REZI 24 110-unit residential development at Lorong Geylang 24, comprising a block of 8-storey residential flats with sky garden, swimming pool and multi-storey carpark. Targeted at end-user residential buyers.
• Spottiswoode Suites Freehold 36-storey residential development comprising 183 units at 48 Spottiswoode Park Road, Singapore. Awarded FIABCI Singapore 2018 Winner (Residential High Rise) and PropertyGuru Best Condo Architectural Design 2017. Targeted at end-user residential buyers and investors.
• INSPACE 8-storey ramp-up B1 multi-user industrial development comprising 84 factory units and ancillary facilities at New Industrial Road, Singapore. Targeted at businesses requiring modern industrial space.
• Mactaggart Foodlink 5-storey light industrial development for food production comprising 28 factory units each with a mezzanine level and common facilities, located at Mactaggart Road, Singapore. Targeted at food production businesses.
• T-Space @ Tampines 9-storey ramp-up multi-user general industrial development comprising 110 factory units with mezzanine, 139 factory units, 1 temporary industrial canteen, and 1 level of heavy vehicle car park at Tampines North Drive 1, Singapore. Awarded PropertyGuru Best Industrial Development 2017. Targeted at manufacturing and industrial businesses.
• Mandai Foodlink Industrial development project in which the Group holds 65% effective interest, with 100% sales status as at 31 May 2020. Targeted at businesses requiring industrial space.
• Eco-Tech @ Sunview 30-year leasehold 9-storey multiple-user light industrial development comprising 424 factory units with mezzanine floor and 1 temporary staff canteen, located at 1 Sunview Road, Singapore. Targeted at light industrial businesses.
• Hexacube Freehold 5-storey commercial development comprising 73 office units, retail and restaurant units at 160 Changi Road, Singapore. Targeted at commercial businesses and investors.
• 225 King Street (Melbourne, Australia) 12-storey office building located in Melbourne's Central Business District, Australia. Targeted at commercial tenants and investors.
• The Midtown & Midtown Residences 99-year leasehold mixed development comprising one block of 12-storey with 107 commercial units and 160 residential units at 1187 & 1189 Upper Serangoon Road, Singapore. Targeted at both residential buyers and commercial tenants.
• NEWest 956-year leasehold mixed development comprising 141 commercial units and 136 residential units at 1 & 3 West Coast Drive, Singapore. Targeted at both residential buyers and commercial tenants.
• Flora Vista & Floraview Freehold mixed development comprising 90 residential units and 28 commercial units at 7 Ang Mo Kio Street 66, Singapore. Targeted at both residential buyers and commercial tenants.
• Floraville Freehold 4-storey residential development comprising 45 units at 2 Cactus Road, Singapore. Targeted at end-user residential buyers.
• KAP & KAP Residences Freehold 3-storey commercial and residential development with attic and 3 levels of basement comprising 164 residential units and 270 shops at 9 & 11 King Albert Park, Singapore. Targeted at both residential buyers and commercial tenants.
• Gaobeidian Project (PRC) Proposed large-scale mixed-use development in Gaobeidian, Hebei Province, PRC, with land area of approximately 5,300,000 sqm, including a sports village, rock climbing stadium, a green food agriculture zone, and residential development. Targeted at end-user buyers and investors in the PRC market.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators5 records

Recent moves7 records

Expansion highlights3 records

Direct peers

• City Developments Limited: Major Singapore-listed residential and mixed-use developer with both domestic and overseas (UK, Australia, China, Japan) exposure. Closest like-for-like comparable to SLB's residential/mixed-use mix and cross-border footprint.
• Oxley Holdings Limited: Singapore Catalist-listed property developer with diversified residential, commercial and industrial projects across Singapore, UK and Asia-Pacific. Most direct Catalist-board comparable to SLB in scale, listing tier, and cross-border ambition.
• GuocoLand Limited: Singapore-listed developer of residential, mixed-use and commercial projects with presence in China, Malaysia and Australia. Comparable diversified product mix and mid-cap scale relative to SLB.
• UOL Group Limited: Singapore-listed developer of residential, commercial and hospitality properties with overseas projects in UK, Australia, China and Vietnam. Directly comparable mid-cap developer profile to SLB.
• Hong Leong Holdings: Singapore private developer with diversified residential, commercial and industrial portfolio. Comparably diversified Singapore-focused developer though unlisted.
• Far East Organization: Privately held Singapore conglomerate and one of the largest local developers of residential, commercial, industrial and hospitality properties. Comparable broad segment coverage and Singapore-focused execution model.
• Wing Tai Asia Holdings: Singapore-listed property developer focused on residential and mixed-use developments in Singapore and key Asian cities (Malaysia, China, Australia). Closest mid-cap comparable by product mix and regional footprint.

Broad incumbents

• CapitaLand Development: CapitaLand is Singapore's largest diversified real estate group with residential, commercial, and lodging developments across Asia. Larger and more diversified than SLB but the most direct reference point for institutional Singapore residential developers.
• Frasers Property Limited: SGX Main Board-listed diversified real estate group with residential, commercial, industrial and hospitality assets across Asia, Australia and Europe. Larger scale but directly comparable multi-segment strategy.
• Keppel Land Limited: Singapore-based residential and mixed-use developer with China, Vietnam, Indonesia and India projects. Comparable Asian cross-border residential exposure though part of larger Keppel conglomerate.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

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 Slb Dev