Started by founder and Chairman, Mr Or Kim Peow, as a sole proprietorship in 1966, OKP Holdings Limited (OKP) and its subsidiary corporations are a leading transport infrastructure and civil engineering group in Singapore. The Group specialises in the construction of airport runways and taxiways, expressways, flyovers, vehicular bridges, urban infrastructure, airport infrastructure, and oil and gas-related infrastructure for petrochemical plants and oil storage terminals.

In addition, OKP carries out maintenance works for roads and road-related facilities as well as building construction-related works. Over the past decade, OKP has grown its core business to include property developments and investments.

Since the founding of wholly-owned subsidiary corporation, Or Kim Peow Contractors (Pte) Ltd (OKPC), the organisation has moved ahead steadily, notwithstanding the ups and downs of the business cycle and the challenges posed by economic uncertainties.

Celebrating more than 50 years in business in 2016, OKP has been on track for growth, expanding its proficiencies and building its years-long track record to attain its vision to be a leading transport infrastructure and civil engineering company in Singapore, the region and beyond. The Group has two core business divisions, construction and maintenance, and bids for public and private civil engineering and infrastructure projects as well as maintenance contracts.

Over the years, OKP has worked strategically and diligently to realise its mission to be the first and preferred civil engineering contractor for the various industries. Its clients hail from both the public and private sectors. In the public sector, the Group's clients include the Housing & Development Board, JTC Corporation, Land Transport Authority, National Parks Board, Public Utilities Board and Urban Redevelopment Authority. Its private sector clients include the Changi Airport Group, ExxonMobil, Foster Wheeler Asia Pacific Pte Ltd, and WorleyParsons Pte Ltd.

CORPORATE DEVELOPMENTS

With the current worldwide economic and political issues, countries all over the world are safeguarding themselves, strategising how to overcome challenges and put their economies on surer footing.

It is the same with OKP. We need to stay resilient and adapt to ever-changing tough circumstances to accomplish our business goals. Our strategy is to stay focused on our core competencies and at the same time, make greater headway into other revenue-generating sectors such as property development and investment. Our abilities and position as a leading player in the public sector have been widely acknowledged, especially in Singapore.

Under the Building and Construction Authority Contractors' Registry, our wholly-owned subsidiary corporations, OKPC and Eng Lam Contractors Co (Pte) Ltd, are A1 grade civil engineering contractors. The A1 grade permits them to bid for public sector construction projects of unlimited value.

The Group also enhances its skillsets and widens its business acumen in the competitive business environment by investing in several joint ventures. In 2014, the Group invested in an associated company, United Singapore Builders Pte. Ltd., with three other established construction companies, with the goal of participating in complex project tenders.

In addition, OKP seeks opportunities to develop its property development and investment portfolio, via joint ventures as well as on its own.

Two recent projects in Singapore by the Group have been successful ventures. Its joint venture project, The Essence, which is an 84-unit development launched in March 2019, has been completed and received its temporary occupation permit (TOP) on 9 June 2023. In the case of the other project, Phoenix Residences at Phoenix Road, which was launched in November 2020, all 74 units had been sold and the project received its TOP in January 2025.

To build recurring income and diversify its earnings, OKP has invested in several properties locally and overseas. In Singapore, the Group owns a portfolio of investment properties. In 2021, there were three purchases - a freehold three-storey shophouse located at 35 Kreta Ayer Road, and two freehold two-storey conservation shophouses sited at 69 and 71 Kampong Bahru Road. In 2019, we purchased one freehold property comprising a two-storey corner light industrial terrace factory at 32 Tagore Lane.

Making an important strategic move, OKP bought its first overseas property, a freehold office complex in Australia, in April 2018 with a partner. This property at 6-8 Bennett Street in East Perth, Western Australia is occupied by a mix of government and corporate tenants.

To its credit, the Group has accumulated many accolades for its annual reports, corporate governance, safety and environment efforts and investor relations. Since 2006, it has won numerous safety awards, green and gracious awards, a construction environment award and an Eco-Office certification.

Our associated company, Chong Kuo Development Pte Ltd, bagged three awards for The Essence - Boutique Condo Interior Design (Winner), Best Boutique Development High Density (Highly Commended) and Best Boutique Condo Architectural Design (Highly Commended) - at Property Guru Asia Property Awards Singapore 2019.

In 2010, the Group made it to Forbes Asia's "Best Under A Billion" list, the magazine's annual ranking of the top 200 firms in the Asia-Pacific region. The ranking was based on a list of publicly listed top performers with sales under US$1 billion.

Listed on the Singapore Exchange since 26 July 2002, OKP's market capitalisation as at 31 December 2024 was $99.8 million (2023: $66.0 million) while net tangible assets amounted to $201.4 million (2023: $167.8 million).