King Wan Corporation Ltd

What King Wan Corporation Ltd does

King Wan Corporation Limited is a Singapore-based integrated building services group established in 1977 and listed on the Singapore Exchange (SGX: 554). Its core activity is multi-disciplined Mechanical and Electrical (M&E) engineering for the building and construction industry, covering plumbing and sanitary systems, air-conditioning and mechanical ventilation, electrical installations, fire protection and alarm systems, communications and security systems, and underground pipeline works. Revenue is generated primarily through project-based tenders and direct contracts with government agencies, property developers, and general contractors in Singapore, with additional activity in China and Thailand.

Beyond core M&E engineering, King Wan operates four adjacent segments: Property Development (residential and commercial real estate in Singapore, China, and Thailand), Services (rental of mobile chemical lavatories for construction worksites and public events), Vessel Ownership and Chartering (through the now-divested associate Gold Hyacinth Development), and Green Solutions. The Green Solutions segment includes the King Wan Eco Solutions joint venture with Evercomm Singapore — providing Energy AI, IoT-based Asset Performance Management, and decarbonisation services — and a Singapore distribution arrangement for K & W Eco Plus, a sugarcane-bagasse packaging product. The company operates with approximately 300 employees and has delivered over 450 projects, including landmark Singapore public-sector builds such as Jewel Changi Airport, the Singapore Sports Hub, and Woodlands Health Campus.

The group monetises almost entirely through one-time, project-based contracts rather than recurring software or subscription economics, although the rental services and Eco Solutions lines introduce modest recurring elements. Go-to-market is enterprise field sales driven by direct tender participation and developer/contractor relationships. Strategic direction in 2024–2025 has focused on pruning non-core assets (divestment of vessel-chartering associate in October 2025), acquiring operating real estate (15 Joo Koon Way), and seeding higher-margin sustainability and AI-enabled building services via the Eco Solutions JV, while continuing to raise small amounts of equity (S$3.5M placement completed January 2026) for working capital.

Name

King Wan Corporation Ltd

Legal name

King Wan Corporation Limited

Website

https://kingwan.com

Company type

Public

Founded year

1977

Operating status

Operating

Headcount range

251–500 employees

Short description

King Wan Corporation Limited is a Singapore-based, SGX-listed integrated building services group (founded 1977) that delivers multi-disciplined Mechanical and Electrical (M&E) engineering for building and construction projects across Singapore, China, and Thailand, alongside property development, mobile lavatory rental, and green/Energy AI solutions.

Ownership category

akta.pro rank

Product category

Building Engineering Services

NAICS

Plumbing, Heating, and Air-Conditioning Contractors (238220)

SIC

Sanitary Services (4950), Services-Equipment Rental & Leasing, Nec (7359)

akta.pro primary industry

Building Automation & Controls (BAS/BMS) Contracting (IMAFALAE)

Keywords

• Mechanical electrical engineering
• Building services
• Construction engineering
• Property development
• Green building solutions

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure

Revenue model

1. M&E Engineering Services: Project-based contracts for mechanical and electrical engineering services in building and construction projects. Revenue generated from design, installation, and maintenance of building systems.
2. Property Development: Development, marketing and sale of residential and commercial properties in Singapore, China and Thailand
3. Mobile Chemical Lavatories Rental: Rental and ancillary facilities for construction worksites and public events
4. Vessel Ownership and Chartering: Purchase and chartering of vessels to third parties through associate company Gold Hyacinth Development Pte Ltd

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

King Wan Corporation provides multi-disciplined Mechanical and Electrical (M&E) engineering services for the building and construction industry, including design and installation of plumbing and sanitary systems, air-conditioning and mechanical ventilation, electrical systems, fire protection and alarm systems, and communications and security systems. The company also operates complementary segments in property development, mobile chemical lavatory rental, vessel ownership and chartering, and green building solutions.

Product overview

King Wan Corporation Ltd is a Singapore-based integrated building services company established in 1977, operating as a single unified business offering Mechanical & Electrical (M&E) engineering services as its core product. The company has diversified into four additional business segments: Property Development (residential and commercial properties in Singapore, China and Thailand), Rental Services (mobile chemical toilets for construction sites and events), Vessel Ownership and Chartering (through associate Gold Hyacinth Development), and Green Solutions. The Green Solutions segment includes King Wan Eco Solutions (Energy AI and IoT services joint venture) and K & W Eco Plus (sugarcane bagasse packaging products). With over 450 projects and 40 years of experience, the company operates primarily in Singapore with subsidiaries and associates in China and Thailand.

Differentiator

Problem solved

Functional benefit

Brands

• King Wan Eco Solutions: Joint venture between Evercomm Singapore Pte Ltd and King Wan Corporation Ltd providing Energy AI services, IoT sensors, AI solutions for smart buildings, and decarbonisation services.
• K & W Eco Plus

Products and services

• Mechanical & Electrical (M&E) Engineering Services Multi-disciplined M&E engineering services for the building and construction industry, including design and installation of plumbing and sanitary systems, air-conditioning and mechanical ventilation systems, electrical systems, fire protection and alarm systems, and communications and security systems, for developers, contractors, and government agencies.
• Property Development Development, marketing and sale of residential and commercial properties in Singapore, China and Thailand.
• Rental Services for Mobile Chemical Lavatories Rental and ancillary services for mobile chemical toilets and other facilities for construction worksites as well as public and nation-wide events.
• Vessel Ownership and Chartering Ownership and chartering of vessels to third parties, historically operated through associate company Gold Hyacinth Development Pte Ltd.
• Green Solutions (King Wan Eco Solutions) Energy AI services for enterprises, including IoT and data analytics for Asset Performance Management, building loads aggregation, integration, energy management of various energy sources, decarbonisation services, and environmental risks compliance reporting, aligning with Singapore Green Plan 2030.

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature1 record

Partnerships

Two partnerships are on record, tiered core and minor.

• Evercomm Singapore Pte LtdcoreStrategic or Co-development Partner · 1 January 2021Joint venture partnership to form King Wan Eco Solutions Pte Ltd, focusing on green and sustainable building solutions. Evercomm provides Energy AI services including IoT and data analytics for Asset Performance Management, decarbonisation services, and environmental compliance reporting.
• K & W Eco Plus Pte LtdminorStrategic or Co-development PartnerGreen initiative startup providing sustainable eco-friendly packaging products made from sugarcane bagasse. King Wan Corporation collaborates as a distribution partner for Singapore, with manufacturing partner owning full supply chain in Thailand.

Scale indicators3 records

Recent moves3 records

Expansion highlights5 records

Broad incumbents

• CapitaLand Limited: Large SGX-listed Singapore real estate and investment manager with significant building-development activities. Comparable as a broader incumbent whose developments generate downstream demand for M&E contractors like King Wan, while operating at vastly greater scale.
• China State Construction Engineering Corporation: One of the world's largest construction contractors with significant Asia-Pacific building project exposure. Comparable as a broad incumbent in integrated building services whose scale and pricing pressure shape the competitive environment for smaller M&E contractors like King Wan in the region.

Direct peers

• Yongnam Holdings Limited: SGX-listed Singapore structural steel and engineering contractor with M&E-adjacent installation capabilities. Comparable in Singapore-centric specialty contracting for commercial and institutional buildings.
• Woh Hup Holdings: One of Singapore's largest privately-held civil and mechanical & electrical engineering contractors. Comparable as a multi-disciplined M&E contractor delivering integrated building systems across major Singapore developments.
• CSC Holdings Limited: SGX-listed foundation and civil engineering contractor in Singapore, with growing building services scope. Comparable in size, regional footprint, and exposure to Singapore public-sector construction projects.
• TTJ Holdings Limited: SGX-listed Singapore-based engineering and fabrication group serving construction and offshore markets. Comparable as a small-cap SGX industrial-services peer with similar Singapore operating base.
• Lum Chang Holdings Limited: SGX-listed Singapore construction and property group with building works and M&E engineering capabilities. Overlaps directly with King Wan in Singapore building-services contracting and property development exposure.
• Tiong Seng Holdings Limited: SGX-listed Singapore construction and civil engineering contractor with mechanical & electrical engineering and precast capabilities. Directly comparable to King Wan in size, scope of M&E services, and Singapore-centric building project exposure.
• Hock Lian Seng Holdings Limited: SGX-listed Singapore civil engineering and infrastructure contractor. Comparable as a small/mid-cap SGX-listed building-and-infrastructure contractor competing for similar public and private sector tenders.

Others

• Surbana Jurong: Singapore-headquartered infrastructure and engineering consultancy owned by Temasek. Comparable as an ecosystem participant working alongside M&E contractors on Singapore building and infrastructure projects, though it competes in design rather than execution.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/king-wan-construction-pte-ltd

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries5 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 King Wan Corporation Ltd