Early Life
Lim Chap Huat's journey began as the son of a rickshaw driver. At the age of 22, he started a construction company with two partners in 1976 with a small amount of savings. This humble beginning laid the foundation for what would become a significant player in Singapore's real estate market.
Rise to Success
Lim's foresight and strategic moves have been key to his success. Recognizing the potential in business parks and industrial buildings, he diversified Soilbuild's focus, a move that proved astute. In 2021, Lim, along with Blackstone Real Estate, took Soilbuild Business Space REIT private. In 2024, Lim and Blackstone sold their office and industrial properties in Singapore to a joint venture for $1.2 billion.
Key Business Strategies
A core strategy has been diversification. Lim expanded Soilbuild beyond residential projects, entering the business park and industrial sectors. This diversification, coupled with an openness to innovation and technology, enabled the group to navigate economic downturns and maintain a strong market position. He also focused on building trust with suppliers and subcontractors, laying the foundation for long-term relationships.
Philanthropy
Lim is also actively involved in community service, serving as the Chairman of the Chong Pang Community Club Management Committee.
