- Business
- Hong Fok Corporation Limited is a Singapore-based investment holding company primarily engaged in property investment, property development and construction, and property management. The company’s core products and services include investments in office, shop, restaurant, hotel, car park, residential, retail, and commercial properties; development and sale of residential units and construction of properties including hotels; and provision of property management and maintenance services. Additionally, Hong Fok offers investment trading, investment holding, and management services. Founded in 1967 and headquartered in Singapore, the company operates mainly in Singapore and Hong Kong markets.
Recent major changes include the acquisition of five ground-floor units at International Building on Orchard Road for S$27.8 million through its wholly owned subsidiary, increasing its commercial property portfolio in a prime location. The company also exercised options to purchase additional properties at 360 Orchard Road, Singapore in late 2024. These acquisitions align with Hong Fok's strategic focus on expanding its investment property holdings and strengthening its real estate asset base. The company maintains a diversified business model with distinct operating segments managed separately for investment properties, property development and construction, and property management, which collectively contribute to its revenue streams.
Hong Fok continues to emphasize its presence in the real estate sector through targeted property acquisitions and development projects, leveraging its experience in the Singapore and Hong Kong markets to enhance its property portfolio and service offerings in investment, development, and management domains. Its strategic moves over the past two years reflect a focused effort on asset growth and operational management within the property sector.