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LIV @ MB DEVELOPER Development Track Record of 60 Years

Bukit Sembawang Estates Limited (BSEL) rose from humble beginnings as a rubber company and later went on to diversify into property development in the 1950s.  Incorporated in 1967 in Singapore and listed in 1968, the Liv @ MB Developer has had many distinguished achievements over the past 6 decades in the property market of Singapore.

Renowned for their landed homes, Liv @ MB Developer has built 2500 homes in Seletar Hills and 1000 in Sembawang Park.  Recently, all their landed projects Luxus Hill and Nim Collection were sold out within a very short time, signaling the pent-up demand for landed houses.  Luxus Hill, a 999-year leasehold landed project located off Ang Mo Kio Avenue 5 was sold in phases for the past 10 years ago and its last phase was concluded last year.  Unlike earlier phases which were sold off-plan, the last phase was completed in 2018 and even obtained a temporary occupation permit (TOP) and certificate of statutory completion (CSC).  This was a great benefit as homeowners can move in immediately!

Liv @ MB Developer Project - Luxus Hills
The final phase of Luxus Hill, located at Seletar Hills estate went on sale in February 2020, ending a 10-year run.  Source: EdgeProp Singapore

After the strong performance of the landed projects, the Liv @ MB Developer scored another home run with all 250 units at 8 St Thomas fully sold out.  Located in the prime District 9 near River Valley, this new luxury condominium was completed earlier before BSEL marketed the units.  Like Luxus Hill, homeowners could move in or lease it out immediately.  The design concept of the whole development represents a quiet sanctuary in the heart of the city with its 35-story twin towers sitting within a spacious land area spanning close to 100,000 square feet, filled with sculptured landscapes and water features.

Liv @ MB Developer Project - 8 St Thomas
Despite the pandemic, all 250 luxury homes at 8 St Thomas were fully sold in 2021. Source: Bukit Sembawang Estates Limited

After the series of strong performances, BSEL is now focused on 2 new condominium developments at prime locations.  The first project, The Atelier, is a 120-unit freehold luxury condominium located along Makeway Avenue, within walking distance to Newton MRT.  This location also boasts an impressive range of amenities such as Newton Food Centre, the latest healthcare services at Health City Novena, and many good quality malls such as Velocity, Square 2, United Square, and the Orchard Road retail and entertainment belt.

Liv @ MB Developer Project - The Atelier
Bold and artistic expressions provide distinguishing character to The Atelier, a new luxury condominium with only 120 exclusive residences located in the prime district of Newton. Source: Bukit Sembawang Estates Limited

Located in the covet landed bungalow enclave along Mountbatten Road and within minutes’ drive to the East Coast Park seafront and the city, Liv @ MB offers an unparallel living experience.  Given the average PSF (price per square feet) for non-landed properties in District 15 has grown by 155% from 2006 to 2021 (data source SoReal), this brand new 24-story luxury residence is set to enjoy upside in the future.  In terms of amenities, Bukit Sembawang Estates Limited has chosen an unmatched location which is well located within 5 minutes from Katong Park MRT and 5 MRT stops to Marina Bay Financial Centre. 

Strong Financial Results 

One of the key strengths of the Liv @ MB Developer is its strong financials.  Despite the pandemic, the company reported exceptional results for the fiscal year 2021 which ended in March.

On the revenue front, Liv @ MB Developer delivered strong revenues of S$581.0 million this fiscal year, a growth of 57 percent year-on-year from S$369.7 million.  In terms of net profit, the company reported S$189.4 million, a significant increase from S$76.1 million reported a year ago.  The exceptional results are attributed to the strong sales of new developments and lower borrowing costs.  As a result of the strong achievements, BSEL announced a dividend of 33 cents per share which is 3 times the dividends granted a year ago. 


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