The business, the people and the ownership behind Bukit Sembawang.
Business overview
Bukit Sembawang Estates develops residential property in Singapore. Its activities include landed housing development, property investments and other property-related businesses, drawing on its long history in residential development.
Listed security
Board & management
Current Company/Group roles are separate from external positions described in biographies. Jacqueline Chang Poh Nah is listed as Financial Controller; the source does not title her CFO. Chng Kiong Huat is the CEO and stepped down as Company Director on 3 February 2023. Chu Leong Tho is alternate to Fam Lee San.
Board appointment and last re-election dates are separate historical events, not dates of the latest role disclosure.
Chairman and Independent Director
Board/key management roster in Annual Report FY2026First appointment as Director on 1 February 2017
Historical event date; distinct from current report role As reported at 2017-02-01Last re-election as Director on 26 July 2024
Historical event date; distinct from current report role As reported at 2024-07-26Independent Director
Board/key management roster in Annual Report FY2026First appointment as Director on 5 August 2019
Historical event date; distinct from current report role As reported at 2019-08-05Last re-election as Director on 26 July 2024
Historical event date; distinct from current report role As reported at 2024-07-26Independent Director
Board/key management roster in Annual Report FY2026First appointment as Director on 9 January 2024
Historical event date; distinct from current report role As reported at 2024-01-09Last re-election as Director on 26 July 2024
Historical event date; distinct from current report role As reported at 2024-07-26Non-Executive Director
Board/key management roster in Annual Report FY2026First appointment as Director on 1 October 1999
Historical event date; distinct from current report role As reported at 1999-10-01Last re-election as Director on 28 July 2025
Historical event date; distinct from current report role As reported at 2025-07-28Non-Executive Director
Board/key management roster in Annual Report FY2026First appointment as Director on 25 July 2014
Historical event date; distinct from current report role As reported at 2014-07-25Last re-election as Director on 28 July 2025
Historical event date; distinct from current report role As reported at 2025-07-28Alternate Director to Ms Fam Lee San
Board/key management roster in Annual Report FY2026First appointment as Alternate Director on 28 March 2023
Historical event date; distinct from current report role As reported at 2023-03-28Chief Executive Officer of the Group
Board/key management roster in Annual Report FY2026First appointment as Chief Executive Officer on 1 October 2022
Historical event date; distinct from current report role As reported at 2022-10-01Stepped down as a Director of the Company on 3 February 2023; remains the CEO listed in this report.
Historical directorship event; Chief Executive Officer is a separate management role As reported at 2023-02-03Assistant General Manager
Board/key management roster in Annual Report FY2026Financial Controller
Board/key management roster in Annual Report FY2026Head of Marketing & Sales
Board/key management roster in Annual Report FY2026Head of Property Management
Board/key management roster in Annual Report FY2026Roles listed in Annual Report 2026; current appointments are not independently verified.
Holdings
The registered/depository holder list and beneficial substantial-shareholder register are distinct. Selat deemed interest refers to shares owned by LRG Property Investment; Lee Rubber deemed interest refers to shares owned by Kallang Development. Those overlapping interests must not be summed.
The source substantial-shareholder table prints direct/deemed share counts but no percentages; percentages are not invented.
LEE FOUNDATION: the original prints 1.15%; using the source-issued-share denominator 258,911,326 gives 1.14% rounded to two decimals. The original printed percentage is retained.
Direct interest: - shares; deemed interest: 75,323,072 shares. Source does not print percentages in this substantial-shareholder table. Source relationship: 75,323,072 shares owned by LRG Property Investment Pte. Ltd. 1
Register of substantial shareholders; direct and deemed capacities; overlapping underlying blocks must not be addedDirect interest: 21,955,968 shares; deemed interest: 11,875,192 shares. Source does not print percentages in this substantial-shareholder table. Source relationship: 11,875,192 shares owned by Kallang Development (Pte) Limited. 2
Register of substantial shareholders; direct and deemed capacities; overlapping underlying blocks must not be addedDirect interest: 75,323,072 shares; deemed interest: - shares. Source does not print percentages in this substantial-shareholder table.
Register of substantial shareholders; direct and deemed capacities; overlapping underlying blocks must not be added258,911,326 ordinary shares
Shareholding statistics as at 22 June 2026Approximately 56.48% of issued shares held by the public
Shareholding statistics as at 22 June 2026Total interests include direct and deemed holdings and may overlap across holders. These percentages should not be added together.
Registered holdings, including nominees and depositories; these do not establish ultimate beneficial ownership. As reported at 2026-06-22 · PDF p. 131
| Registered holder | Interest | Shares / units | Source |
|---|---|---|---|
| LRG PROPERTY INVESTMENT PTE. LTD. | 75,323,072 shares; 29.09% | PDF p. 1312026-06-22 | |
| CITIBANK NOMINEES SINGAPORE PTE LTD | 28,352,607 shares; 10.95% | PDF p. 1312026-06-22 | |
| LEE RUBBER COMPANY (PTE) LIMITED | 21,955,968 shares; 8.48% | PDF p. 1312026-06-22 | |
| DBS NOMINEES (PRIVATE) LIMITED | 15,161,730 shares; 5.86% | PDF p. 1312026-06-22 | |
| KALLANG DEVELOPMENT (PTE) LIMITED | 11,875,192 shares; 4.59% | PDF p. 1312026-06-22 | |
| THE GREAT EASTERN LIFE ASSURANCE COMPANY LIMITED - PARTICIPATING FUND | 6,171,184 shares; 2.38% | PDF p. 1312026-06-22 | |
| DBS VICKERS SECURITIES (SINGAPORE) PTE LTD | 3,265,800 shares; 1.26% | PDF p. 1312026-06-22 | |
| LEE FOUNDATION | 2,963,130 shares; 1.15% | PDF p. 1312026-06-22 | |
| LEE FOUNDATION STATES OF MALAYA | 2,711,300 shares; 1.05% | PDF p. 1312026-06-22 | |
| RAFFLES NOMINEES (PTE.) LIMITED | 2,427,842 shares; 0.94% | PDF p. 1312026-06-22 | |
| UNITED OVERSEAS BANK NOMINEES (PRIVATE) LIMITED | 2,226,011 shares; 0.86% | PDF p. 1312026-06-22 | |
| HSBC (SINGAPORE) NOMINEES PTE LTD | 2,104,706 shares; 0.81% | PDF p. 1312026-06-22 | |
| MORGAN STANLEY ASIA (SINGAPORE) SECURITIES PTE LTD | 2,094,400 shares; 0.81% | PDF p. 1312026-06-22 | |
| PHILLIP SECURITIES PTE LTD | 2,088,457 shares; 0.81% | PDF p. 1312026-06-22 | |
| YEO REALTY & INVESTMENTS (PTE.) LIMITED | 1,603,000 shares; 0.62% | PDF p. 1312026-06-22 | |
| OCBC SECURITIES PRIVATE LIMITED | 1,429,662 shares; 0.55% | PDF p. 1312026-06-22 | |
| UOB KAY HIAN PRIVATE LIMITED | 1,401,064 shares; 0.54% | PDF p. 1312026-06-22 | |
| OCBC NOMINEES SINGAPORE PRIVATE LIMITED | 1,221,821 shares; 0.47% | PDF p. 1312026-06-22 | |
| TAN PROPRIETARY (PRIVATE) LIMITED | 1,200,000 shares; 0.46% | PDF p. 1312026-06-22 | |
| KARLSSON BENGT GUNNAR | 1,010,000 shares; 0.39% | PDF p. 1312026-06-22 | |
Group structure
The source subsidiary schedule gives names, principal place of business/country of incorporation and effective equity; individual principal activities are not stated in that schedule and have not been inferred. All nine are listed as direct subsidiaries of the Company. Deloitte & Touche LLP, Singapore is stated as auditor of all Singapore-incorporated subsidiaries.
| Company | Market | Ownership interest |
|---|---|---|
| Bukit Sembawang View Pte. Ltd.Direct subsidiary; source-reported effective equity in FY2026 and FY2025 | Singapore (principal place of business/country of incorporation); effective equity held by the Group: FY2026 100%, FY2025 100%; direct subsidiary of the Company. | |
| Singapore United Estates (Private) LimitedDirect subsidiary; source-reported effective equity in FY2026 and FY2025 | Singapore (principal place of business/country of incorporation); effective equity held by the Group: FY2026 100%, FY2025 100%; direct subsidiary of the Company. | |
| Sembawang Estates (Private) LimitedDirect subsidiary; source-reported effective equity in FY2026 and FY2025 | Singapore (principal place of business/country of incorporation); effective equity held by the Group: FY2026 100%, FY2025 100%; direct subsidiary of the Company. | |
| Paterson Collection Pte. Ltd.Direct subsidiary; source-reported effective equity in FY2026 and FY2025 | Singapore (principal place of business/country of incorporation); effective equity held by the Group: FY2026 100%, FY2025 100%; direct subsidiary of the Company. | |
| Paterson One Pte. Ltd.Direct subsidiary; source-reported effective equity in FY2026 and FY2025 | Singapore (principal place of business/country of incorporation); effective equity held by the Group: FY2026 100%, FY2025 100%; direct subsidiary of the Company. | |
| BSEL Development Pte. Ltd.Direct subsidiary; source-reported effective equity in FY2026 and FY2025 | Singapore (principal place of business/country of incorporation); effective equity held by the Group: FY2026 100%, FY2025 100%; direct subsidiary of the Company. | |
| Bukit Sembawang Land Pte. Ltd.Direct subsidiary; source-reported effective equity in FY2026 and FY2025 | Singapore (principal place of business/country of incorporation); effective equity held by the Group: FY2026 100%, FY2025 100%; direct subsidiary of the Company. | |
| Bukit One Pte. Ltd.Direct subsidiary; source-reported effective equity in FY2026 and FY2025 | Singapore (principal place of business/country of incorporation); effective equity held by the Group: FY2026 100%, FY2025 100%; direct subsidiary of the Company. | |
| Bukit Two Pte. Ltd.Direct subsidiary; source-reported effective equity in FY2026 and FY2025 | Singapore (principal place of business/country of incorporation); effective equity held by the Group: FY2026 100%, FY2025 100%; direct subsidiary of the Company. | |
Ownership interests and geographic information follow the annual report. Comparative years and footnote markers retain the report’s notation.
Senior executives
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Mr Chng Kiong Huat | Chief Executive Officer | PDF p. 17 |
Extracted from Annual Report 2026 and checked against the cited pages; see the original report for full context.
Related parties, people & properties
| Item | Value | Period / scope | Source |
|---|---|---|---|
| INTERESTED PERSON TRANSACTIONS | There were no interested party transactions for the financial year ended 31 March 2026. | Company | PDF p. 40 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| CORPORATE GUARANTEE | The Company provided corporate guarantees to subsidiaries to secure banking facilities as at March 31, 2026 and March 31, 2025. | Company · As at 2026-03-31 | PDF p. 120 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Koh Poh Tiong | 138,000 S$ | Director, FY ended 31 March 2026 | PDF p. 31 |
| Ong Sim Ho | 102,750 S$ | Director, FY ended 31 March 2026 | PDF p. 31 |
| Tan Swee Yiow | 91,000 S$ | Director, FY ended 31 March 2026 | PDF p. 31 |
| Lee Chien Shih | 85,000 S$ | Director, FY ended 31 March 2026 | PDF p. 31 |
| Fam Lee San (2) | 75,000 S$ | Director, FY ended 31 March 2026 | PDF p. 31 |
| Chng Kiong Huat | 798,060 S$ | CEO, FY ended 31 March 2026 | PDF p. 31 |
| proposed total Directors’ fees | $491,750 | Independent and Non-Executive Directors, FY2026 proposed; comparative 2025: $520,250 | PDF p. 31 |
| aggregate remuneration paid to the key executives | $1,075,000 | Key executives (not Directors or CEO), FY2026; comparative 2025: $1,059,000 | PDF p. 31 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| individuals under BSEL’s employment | 37 individuals | BSEL, 31 March 2026; FY2025: 40 | PDF p. 63 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Phase 10 | 999-year lease commencing January 1879 | Land in Seletar Hills Area, Lots 18513M & 18512C, MK 18 at Yio Chu Kang Road/Ang Mo Kio Avenue 5/Seletar Road; Group effective interest 100% · As at 2026-03-31 | PDF p. 129 |
| Phase 4 | 99-year lease commencing April 2025 | Lots 18633M & 18634W, MK 18 at Nim Road/Ang Mo Kio Avenue 5; Group effective interest 100% · As at 2026-03-31 | PDF p. 129 |
| Lot 4343V, MK 25 | 99 Years from 23 November 2021 | 114A, 114B, 114C & 114D Arthur Road (LIV@MB); Group effective interest 100% · As at 2026-03-31 | PDF p. 130 |
| 7th Storey Tong Building | Freehold | Investment Property in Orchard Road · As at 2026-03-31 | PDF p. 130 |
| Lot 01549N TS21 at Paterson | Freehold | Property owner, Paterson Road/Lengkok Angsa · As at 2026-03-31 | PDF p. 130 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| CURRENT YEAR’S PROSPECTS | MTI has forecast that GDP growth in 2026 will moderate to between 2.0% and 4.0% | Chairman's statement | PDF p. 4 |
Extracted from Annual Report 2026 and checked against the cited pages; see the original report for full context.
Corporate information
