- Business
- Ocean Sky International Limited is an investment holding company that operates primarily in the civil engineering, construction, and real estate sectors. The company conducts its operations through two principal business segments: Construction and Engineering, and Property. Through its wholly owned subsidiary, Ang Tong Seng Brothers Enterprises Pte. Ltd., the company provides comprehensive civil engineering and construction services, including earthmoving and excavation works; road construction and resurfacing; drainage and sewerage infrastructure works; basement construction; structural works including demolition and underground infrastructure; general building construction; and the leasing and rental of heavy construction machinery and equipment. In its Property segment, the company engages in property development, investment, and management activities across residential and commercial sectors. Its real estate development portfolio includes luxury residential projects developed independently and via joint ventures, such as Sloane Residences and Cairnhill 16 in Singapore, alongside mixed-use and commercial projects such as the Eco Garden Mall development in Kandal Province, Cambodia. The company also holds commercial real estate assets, including an office building located at 541 St Kilda Road in Melbourne, Australia, providing asset management and leasing services to generate recurring rental income. Headquartered in Singapore and founded in 1988, Ocean Sky International Limited caters to private developers, public-sector agencies, commercial tenants, and residential property buyers across Singapore, Australia, and Cambodia. In recent developments, the company has focused on capital recovery and asset optimization, realizing cash inflows from the completion, sales monetization, and joint-venture repayments of its residential development projects in Singapore, including Sloane Residences and Cairnhill 16. The group has also executed ongoing refurbishment and asset enhancement initiatives on its Melbourne commercial property to maintain tenant occupancy and bolster recurring yields, while implementing corporate governance updates including reconstitutions of its board Nominating and Remuneration Committees.