Royalgreen is developed by the Singapore-based developer Allgreen Properties Limited (Allgreen). This company is the Singapore property development branch under The Kuok Group and was established in 1986 and was listed on Singapore Exchange (SGX) in May 1999. As majority of the shares in Allgreen was owned by The Kuok Group, Allgreen was eventually de-listed due to mandatory acquisition in 2011.
Allgreen is currently known to be one of the biggest real estate developer in Singapore, with their sound and excellent reputation for its top notch finishings and stellar record of excellent sold out rate for all of its residential developments. Allgreen Group was managing 13 associated companies and 35 subsidiaries in total by December 2014.
Although Allgreen was founded in 1986, their real estate-related business’s past and good track record can be traced back as early as the early 1980s when it just began from only a small real estate branch of Kuok (Singapore) Limited back in the early 1980s.
With Singapore’s portfolio alone, Allgreen has properties that comprising of commercial,residential, service apartments,the Shangri-La Hotels and Resorts and Hotel Jen Tanglin Singapore, which is a greatly diversified portfolio.
Allgreen holds a good mix of residential developments are both 99-years leasehold and freehold. The Group procures land from with Government Land Sales or via collective sales to continuously maintain adequate amount of land banks.
Allgreen’s straightforward strategy in the People’s Republic of China is partnering in several joint ventures with the right strategic affiliates in developing mixed-use projects in cities such as Tangshan, Tianjin ,Shanghai, Shenyang, and Chengdu. These developments include a mix of hotels,offices ,retail, residential and service apartments. In working towards expanding regionally, Allgreen has also acquired sites in prime locations in Vung Tau City and Ho Chi Minh City , a mixed developments and residential plot respectively. As one of the largest real estate developer in Singapore, Allgreen has a good mix of quality commercial and residential projects that can fulfill the requirements and budgets from wide range of home buyers.
Regarding investment properties portfolio in Singapore, Tanglin Mall, Tanglin Place and Great World City are owned by Allgreen. Great World City is the entirely-owned flagship integrated project by Allgreen, that comprises of office towers,retail mall and Great World Serviced Apartments, which is one of Singapore’s largest serviced apartment.
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