While building homes will always be just a Lego-brick memory of their childhood for most, some under-40s – hailing from notable families in real estate – have already overseen the building and marketing of gleaming hotels, homes and malls.
In the process, these next-generation builders will have a hand in shaping Singapore’s landscape, and also their families’ legacies.
Some have been active in the hospitality industry. LC Development (LCD) executive director Kelvin Lum, 35, is closely linked to Crowne Plaza Changi Airport, a 320-room hotel which opened its doors in May last year. The company is on the lookout for a second hotel in Singapore.
Mr Lum is the son of David Lum, who is managing director at both Lum Chang Holdings and LCD. LCD began as the former’s listed subsidiary but both firms de-merged in 2005. LCD now eyes the hospitality pie while Lum Chang is largely in the construction and property development businesses.
The younger Lum worked in a bank for several years before joining LCD in 2002. The move was unplanned, he says. ‘The company was looking at expanding its hotel arm, so I was brought in to look at opportunities in the region.’ Continue reading
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