Savills Singapore completes purchase of 70% stake in Alpina Holdings for $40 mil

Atiqah Mokhtar

/ EdgeProp Singapore

December 4, 2025 11:03 AM SGT

propertyeditor@edgeprop.sg

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Loo: By integrating Alpina’s technical capabilities with Savills’ property and facilities management expertise, we are creating a market-leading platform that sets new standards for service delivery and sustainability (Picture: Samuel Isaac Chua/EdgeProp Singapore)

Savills Singapore has acquired a 70% stake in Alpina Holdings, a Singapore-based integrated building services company, for about $40 million. Alpina’s founders, Low Siong Yong and Tai Yoon On, retain the remaining 30% stake in the company.

The deal follows the completion of Alpina’s privatisation and delisting from the Singapore Exchange’s Catalist board. In September, K&T Investment submitted an offer to take Alpina private at 37 cents per share. K&T Investment is a special purpose vehicle that was controlled by Low, the company’s chairman and CEO, and Tai, the executive director, in a 55:45 split. The pair were also Alpina's controlling shareholders, with Low holding approximately 43.96% of Alpina's issued shares, and Tai holding approximately 35.97%.

Subject to the completion of the privatisation, Savills Singapore had agreed to purchase a 70% stake in K&T Investment at 31 cents per share.

The scheme was approved by shareholders on Nov 10, with the company subsequently delisted on Dec 4. Following the completion of the scheme, Savills now holds a 70% stake in K&T Investment, with Low and Tai holding 16.5% and 13.5% in the company, respectively.

Savills says the acquisition marks a major milestone in its multi-year strategy to build Singapore’s most comprehensive property management, integrated facilities management, and facilities services platform.

“By integrating Alpina’s technical capabilities with Savills’ property and facilities management expertise, we are creating a market-leading platform that sets new standards for service delivery and sustainability,” says Marcus Loo, CEO of Savills Singapore, in a Dec 4 release.

He adds that the deal strengthens Savills’ platform with Alpina’s deep expertise in mechanical and electrical engineering, complementing Savills' existing capabilities.

Chris Marriott, CEO of Savills Southeast Asia, notes that the deal accelerates Savills' regional ambition to deliver "the most comprehensive integrated platform in the Asia Pacific."

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Savills Singapore completes purchase of 70% stake in Alpina Holdings for $40 mil

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