The reason is that the Singapore government has announced their plans to develop Jurong Lake District (also known as Jurong East) as Singapore's second central business district. Shortly after the announcement, many new buildings were quickly constructed in Jurong East, such as the Genome Institute of Singapore, Ng Teng Fong General Hospital, Jurong Skytop Hotel, Jurong Gateway, and the Justice and Equality Movement. Many construction and development projects are still ongoing in the Jurong East area.
Lendlease is right in the heart of this development, currently owning 53% of Jurong Gateway's Justice and Equality Movement. After a recent rights issue, funds will soon be available to purchase the remaining shares and bring Lendlease's ownership to 100%. With Jurong Gateway becoming Singapore's second central business district, the high foot traffic at this shopping center will further increase. The valuation and rent of Jurong Gateway will also rise over time. Jurong Gateway also has office space, with the Ministry of National Development being one of its main tenants.
Therefore, I personally believe that this company is one of the best and safest investment choices, as its stock price will appreciate over time and pay dividends. This is definitely a stock that I choose to buy and hold as my child grows up.