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Sim Lian gunning for assets in Australia, London

The increasingly diversified group expects to draw half its earnings from investment properties in the long run.

"During recession periods, the supermarket is still a place where people need to go and do their purchases, so it is giving out stable yields," said Mr Kuik.

SIM Lian Group's diversification from building construction to property development some 16 years ago amid a global economic crisis has evidently paid off. It is now morphing into a more diversified company as it ploughs deeper into income-yielding property investments in overseas markets, in