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A Vision for Growth
Established since 2001, WAREES has been making inroads and leaving its mark in the
real estate scene. Building on our niche specialty of management and administration
of Awqaf (Muslim Trust) and Baitulmal (Islamic Treasury or General Fund) properties
and assets, WAREES has successfully evolved and now provides a host of specialized
complimenting services related to the field of construction and real estate. WAREES
is strategically positioning itself to be a one-stop regional and global real estate
total solution provider.
The main activities of the Company include:
- investments in properties
- development and upgrading of land or property
- lease management
- purchase, selling and acquisition of properties
- facilities management and maintenance of property
- design and development of mosques, educational institution and commercial properties
- real estate development and project management, advisory and consultancy
Being the subsidiary of the Majlis Ugama Islam Singapura – MUIS (Islamic Religious
Council of Singapore), one part of WAREES portfolio is the management of Wakaf and
Baitulmal assets worth more than $250 million comprising religious, commercial,
residential and educational buildings. WAREES has successfully transformed a number
of these low yielding assets into high income generating performers giving higher
returns for the Trust beneficiaries. WAREES also holds directly some of MUIS assets
for investment and development purposes.
WAREES is aligning itself to build the company into an influential property player
and eventually a real estate company of significant standing. It has now engages
in dealings beyond MUIS portfolio locally and overseas. Unlike any other real estate
company, WAREES has a social mission and it has consistently donated much of its
profits towards education and helping the needy.
WAREES welcomes commercial partnerships and other commercial undertakings that are
consistent with its business objectives.
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