Diversified Property Developer SLB Development Debuts on SGX
Diversified real estate developer SLB Development debuts on SGX’s Catalist board today. SLB is a spin-off from Mainboard-listed Lian Beng Group, one of Singapore's major home-grown building and construction groups. SLB undertakes small to large scale residential developments, mixed-used projects, as well as industrial and commercial developments. Its portfolio comprises a S$892 million gross development value with an estimated development profit of S$136 million. With an IPO market capitalisation of more than S$220 million after its trading debut, SLB ranks as the third-largest real estate developer by market capitalisations on Catalist, after Astaka Holdings and Hatten Land.