Hock Seng Lee Group Properties

Hock Seng Lee Berhad’s wholly-owned subsidiary Hock Seng Lee Construction Sendirian Berhad (HSL Construction) started developing properties in 2000, having acquired strategic land banks after a successful corporate exercise in June that year.

Since then, it has launched successful residential and commercial projects in and around Kuching, and undertaken building contracts for other housing schemes and schools.

HSL products have earned a reputation for being innovative in design and value-for-money.

The Group’s move into property development synergises with its construction and engineering business, and has enlarged HSL’s operations and earnings base.

HSL’s strong financial standing enables the group to offer flexible payment terms to clients or negotiate contracts on cash-kind combinations. By accepting payments in the form of land, HSL continues to boost its land bank, which will generate new projects.

Property development is expected to be a significant ongoing contributor to the Group’s bottomline, with many innovative and exciting projects in the pipeline.

Highlights