Powering to the next level
Joseph Wong | 07 Sep 2018 00:30
Few companies can match See Hoy Chan’s name and rich history in property development.

But with increasing competition and a challenging property market, the biggest challenge is to keep up with the legacy and reputation that was forged by its late founder, Datuk Teo Hang Sam.

For third-generation Tan Sri Teo Chiang Kok, 71, it is a task worth continuing and building upon. Like his late father Tan Sri Teo Soo Cheng, he is maintaining property as the group’s core activity, along with its strong reputation as the Bandar Utama developer. Its flagship is See Hoy Chan Holdings Group.

The group is best known for its successful residential and commercial projects like Bandar Utama Damansara, Seri Utama Damansara, Wangsa Jaya, 1 Utama Shopping Centre, Centrepoint, BU 8, 1 First Avenue and Bandar Utama Technology Park.

Since its beginnings in the 1960s, the group has not only set a precedent for other developers to emulate but has drawn a whole new generation of property buyers. It has also embraced the build-then-sell concept.

However, over the years, many of the companies that come under the umbrella of the holding company, See Hoy Chan Holdings Sdn Bhd, have gone quiet. The last two projects were by its First Nationwide Group Sdn Bhd comprising 9 Bukit Utama and Phase One of The Effingham in 2013.

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