Singapore

We began operations at our Singapore columbarium facility in 2009 after its acquisition and renovation. As of June 30, 2014 there were 4,864 double niches equivalent available for sale and 5,440 double niches equivalent under development at our Singapore columbarium. At our Singapore facility, we use high quality materials in the construction of the niches which have creative product features and technological integration. They also command the highest average sales price per niche. Our Singapore facility is the only commercial columbarium facility in Singapore. We currently have plans to expand our Singapore facilities to increase the capacity by 24,640 double niches equivalent.

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Kek Lok Si

We began cooperating with Kek Lok Si temple to construct and operate a columbarium facility in Penang Island, Malaysia in 2011. The Kek Lok Si temple is one of the largest Buddhist temples in Southeast Asia. We believe that our partnership with Kek Lok Si temple demonstrates our commitment to traditional values in the provision of death care services.

We designed, built and operated the columbarium under our standards and best practices with Kek Lok Si temple’s input and support regarding certain religious aspects for Kek Lok Si temple as a contractor. We have established our sales agency network in Penang Island to sell and market the columbarium facilities. As of June 30, 2014, there were 6,211 double niches equivalent available for sale and 12,500 double niches equivalent planned. The Kek Lok Si temple donates a portion of the sales proceeds to charity. 

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