ABOUT WAREES INVESTMENTS

A passion to serve the community

Warees Investments develops and transforms real estate assets to unlock and maximize its potential for the betterment of the Muslim community in Singapore.

Get to Know

Warees

Wholly owned by the Islamic Religious Council of Singapore (Muis), Warees Investments Pte Ltd manages a dynamic endowment portfolio with a strategy driven by its vision of ‘Sustainable Assets, Nurturing Generations’.

Through the years, Warees has emerged as a reputable real estate firm in the region through its excellent track record in property development and specialised services on endowment investment management. With each new project, Warees continues to set good standards not just in Singapore, but beyond through regional capacity building and collaborations.

Warees is the acronym for Wakaf Real Estate. Waris, as pronounced in Malay means ‘heritage’ and ‘beneficiary’, both of which are closely related to the management of trust properties.

Our Values

Vision

We want to preserve legacies and equity, defined by our vision: Sustainable Assets, Nurturing Generations.

Sustainable Assets
We apply our expertise and strategic capabilities to develop and manage assets through responsible investment and unlock value for equitable returns.

Nurturing Generations
We work closely with our stakeholders, define clear investment and shape initiatives by growing the potential of heritage.

Mission

We develop professionals and manage strategic asset resources productively. Thus, improving the lives of beneficiaries and preserving legacies for future generations.

Our Brand

Identity

The design of the “W” symbolises both the fountain and a tree. As a fountain, the design embodies energy; it is also symbolic of life and purification. The use of the tree in the logo is a universally recognisable symbol that represents growth, strength, and abundance.

The mosaic base of the logo is built up of several blocks that symbolizes Warees’ staff, stakeholders, and members of the Community, all of whom have contributed to Warees’ transformative path to become a niche asset management firm that serves the Community.

Services

What We Do

Property Development

We have 20 years of experience developing turnkey commercial, residential & institutional properties which are now jewels of the Singapore Muslim community.

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Leasing Management

With more than 150 properties under our care, our goal is to maximize tenancy returns for our stakeholders and the beneficiaries that receive them.

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Feasibility Studies

We have the capability and networks needed to conduct robust feasibility studies to propose the highest and best use of a property.

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Facilities Management

We help you develop and manage facilities management plans that include cleaning, security, sinking funds deployment and waste management.

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Our Key

Milestones

2001

Incorporation of Warees Investments Pte Ltd

Corporatised arm of the property development department of Muis.
2004

First Service Apartments

Completion of Wakaf Bencoolen, marked as a landmark innovative mixed development project. The former Bencoolen Mosque was redeveloped, and incorporated into a a 3-storey commercial space and a 12-storey service apartment tower managed by Ascott Limited. The value of the wakaf appreciated from SGD800,000 to more than SGD71 million in under 10 years.
2005

First Cluster Housing Concept Development

Completion of Chancery Residence, a 34-unit townhouse endowment project which benefited the YAL Saif Trust. Its investment proceeds of SGD400,000 was disbursed to self-help group, Yayasan Mendaki.
2006

First Sukuk

Wakaf Bencoolen won a Regional Award for the category Regional Continuing Contribution to Islamic Finance at the Sheikh Mohammed Bin Rashid Al Maktoum Islamic Finance Awards for its Islamic Sukuk financing model.
2006

First Major Asset Migration Project

The purchase of 11 Beach Road building was a classic example of the first asset migration of 43 low yielding wakaf to high yielding wakaf. The purchase requires financing and it was decided Islamic financing in the form of Musyarakah Bond, the first Islamic Bond in Singapore.
2006

SIA-Design Excellence Award (Gold)

An-Nahdhah Mosque, located in Bishan new estate, the sixth mosque built under Phase III of the Mosque Building and Mendaki (MBMF) programme.
2008

First Baitulmal Asset Enhancement Residential Project

Completion of Heritage Residences at 101 Lorong L Telok Kurau, a freehold condominium development consisting of 19 units.
2008

First Mosque with Major Architectural Award Outside of Singapore

Assyafaah Mosque in Sembawang conferred a winner at the 8th SIA-Architectural Design Award.
2009

Launch of the Singapore Islamic Hub

Official Launch of Singapore Islamic Hub at Braddell Road, also known as the hub of the community. The significant landmark development consist of Muhajirin Mosque, Madrasah Al-Irsyad Al-Islamiah and Majlis Ugama Islam Singapura (Muis) headquarters.
2010

First Green Mark Certified Mosque

Al-Mawaddah Mosque, conceptualised as the first family friendly mosque in Singapore, won a Building Construction Authority (BCA) Universal Design Award and Construction Excellence Award. It also became the first place of worship to achieve Green Mark certification.
2010

Completion of Stillz Residence

Warees’ first residential development comprising twenty five (25) 2 bedroom units and 3 bedroom penthouse units. This 5 storey freehold development is situated in the eastern part of Singapore between Still Road and Lorong 108 Changi Road.
2011

First Indian Muslim Heritage Centre

Completion of restoration work of Indian/Muslim shrine, Nagore Dargah. Constructed between 1827 and 1830, the national monument is now also an Indian/Muslim Heritage Centre first in the world.
2013

First Wakaf Revitalisation Scheme Project

Inaugural Launch of The Red House, an integrated heritage development situated within Katong’s most historical district. The Red House, which will be retained as a bakery, is part of Wakaf Sheriffa Zain Alsharoff, is a 42-unit residential development and 5 retail shophhouses. The project also featured a unique Institutional Investments Initiative (3I) scheme where Five mosques agree to inject their reserves into the Red House wakaf development project
2015

Architectural Awards

Official opening of Punggol’s Al Islah Mosque on 5 June 2015. The project won the SIA Architectural Design for Institutional Building Category in October 2015. In the same year, Alkaff Upper Serangoon Mosque won the URA Architectural Heritage Award.
2016

Red House Development Project

Completion of Red House Development at 63 East Coast Road.
2017

BCA Universal Design Award

The Building and Construction Authority (BCA) conferred the BCA Universal Design Award to Al Falah Mosque which bagged the top honour Platinum Award, while Darul Ghufran won the Gold Award.
2017

Completion of Alias Villas

Completion of the second Wakaf Revitalisation Scheme project at Jalan Haji Alias.
2022

Launch of Wakaf Revitalisation Scheme 3

A mixed development project comprising Masjid Jamae Chulia and the vacant plot of land at Mosque Street was announced
Our Subsidiary

Wareesan Management Pte Ltd

Wareesan Management Pte Ltd (WMPL) is a subsidiary of Warees Investments Pte Ltd, where its business core is in the provision of exhumation and re-interment management for the community. WMPL is currently in the midst of Phase 8 of the Muslim Cemetery Exhumation Project.

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