TA Corp was started by Lion Tiong Kui as a building contractor 40 years ago. Back then it was called Liong Kiam Teck after the eldest son of the founder and a brother to Neo Tiam Boon the current CEO.
Under the strong leadership of Neo’s father, The Tiong Aik Construction as it would later be known started building its enviable portfolio by building the Empress Place Food Center back in 1973.
The contractor was famed for securing many public housing building contracts hence earning him the name the king of HDB.
In the mid-1990s, the entry of mainland Chinese construction and development companies stirred up more competition forcing Tiong Aik to switch from the public housing sector to private housing sector projects.
Neo joined the company at the time when the group decided to venture in property development. That was back in 1996. He was attributed to bringing much success in this venture.
“I saw various opportunities that arose between real estate development and the construction industry’, Neo said.
The company achieved lots of milestones such that by 2011 it was officially listed on the Singapore’s exchange as TA Corp. Tiong Aik Construction became its fully owned subsidiary.
“The company continues to maintain its clientele base that includes Keppel Land, Wing Tai Holdings, City Developments, CapitaLand and Allgreen Properties. We have continued to develop small and medium-sized projects to avoid competition from the big and established developers,” said Neo.
Under its belt is Marine Blue by CapitaLand, a private development of 124 units. In May 2016 it completed Riversails, a 920 –unit by Allgreen Properties. It also constructed Nouvel 18 a luxury condo with 156 units a joint development of Wing Tai Holdings and City Developments. Tiong Aik is currently building Highline Residences, a 500 unit by Keppel Land that is set to be completed later in the year.
TA Corps’ first property development was the magnificent Casa Rosa 96-unit residential complex that was completed in 2001.
“The company has also ventured in prime estates such as East Coast and the Balestier due to their popularity with home owners and investors,” Neo explained.
Some of the projects that the company has seen through on the East Coast include Auralis, Coralis, Parc Seabreeze and the Terra Villas. The project was a 7 strata terraced houses.
“With the success of the East Coast and it being developed now, the company is now turning its attention to the West Coast due to the great appetite by the investors especially in the Jurong East which the government has plans to uplift to a CBD status.
12 on Shan is TA Corp’s latest project. Its preview was on January 14 and it’s a redevelopment of Shan Court.
TA Corp also developed Ascent @ 456, a mixed-use development with 17 strata shops and 28 residential units.
(An image of Ascent @ 456)
Under joint ventures, the company has also tendered for government sites such as The Skywoods, a 420 unit at Dairy Farm Heights.
Other than Singapore, TA Corp has ventured in Malaysia, Cambodia, Thailand, Myanmar and China. One of its projects is The Gateway located in Phnom Penh.
It is also involved in distribution of lubricants, Continental tires, Evaco trucks and GS Oil in Myanmar. It intends to venture into property development in the country.
Neo said that TA Corps intends to continue focusing on Asia markets.