SIT Property Development Ltd

Incorporated in 2001 as a subsidiary of SIT, SIT Property Development Ltd (SPDL) is the property development arm of the Group. It was set up to act as a land developer and promoter, by acquiring, holding and disposing property.

On the back of sustained demand from the public, the Group’s venture on the property development market has been met with resounding success. With a proven track record in developing and commercialising several renowned projects across the island, SPDL ranks amongst the country’s most respected and trustworthy property developers.

With many other initiatives in the pipeline, the company is set to consolidate its leading position on the market. 600 arpents (242 Ha) of the company’s sizeable land bank already enjoy conversion rights for property development and can hence be put immediately to various profitable uses.

At the same time, the company is building valuable expertise across the full spectrum of property development: from residential to commercial; from light industrial to leisure; and from mixed use developments to office buildings, thus catering adequately for the market’s diverse segments and needs.