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Sembcorp's return to property a good diversification move

SEMBCORP Industries' fo-ray back into property development, encouraged by demand from the tenants and expatriate communities at its industrial and business parks, could be a good diversification move, if executed well.

Sembcorp Industries is reactivating Sembcorp Properties, a dormant subsidiary which a decade ago developed condominiums here, including The Arris in Tanjong Pagar, The Edge at Cairnhill and The Paterson Edge in the prime central region.

The reactivated subsidiary will drive residential and commercial property development in its existing industrial parks, starting with China. The move is part of Sembcorp's efforts to build up Sembcorp Development, the group's township development...

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