Chong Sing Pte Ltd was founded in Singapore in the 1970s during the era of Singapore's Independence as a humble family-owned property business. We are fortunate to have grown from strength to strength in parallel with Singapore's incredible metamorphosis from mudflats to a global metropolis. Together with our nation, we have weathered many storms over the years, and emerged stronger every time.
We see 3 global challenges for the next 50 years:
The Asia Century
With the rise of China and India, the world's economic and financial epicenter has once again shifted back to Asia. We recognize the importance of the wider Asian region outside Singapore as the source of Chong Sing's growth for the next 50 years. Yet at the same time, the geopolitical currents are strong and shifting. Many companies will be caught in the storm and capsize.
The Digital Age
Being in the property business, we are proudly and steadfastly rooted to the land and all things tangible. Yet at the same time, we recognize that the future belongs to those who can embrace the Digital Age. The future will be about AI, robotics, autonomous vehicles, augmented reality, Hyperloop, 3D printing, nanotech, telemedicine, genetically modified food, genomics, mRNA and more. The future is inspiring and exciting, and yet in the same breath, truly uncertain, risky and even scary.
Era of Long COVID
In 2019 and 2020, the world was presented with a devastating pandemic, COVID-19. It has destroyed lives, wealth and companies. Many companies have not survived. It is now accepted that COVID-19 is likely to be endemic and long lasting; in other words, rather than try to eradicate COVID-19 completely, world leaders have decided that the world might have to live with it forever. This ushers in the era of "Long COVID".
How will Chong Sing rise to the challenges?