Ng Teng Fong
Encyclopedia
Ng Teng Fong (1928 – 2 February 2010) was a Singapore
an real estate
tycoon with a major presence in Hong Kong.
prefecture level city, Fujian
province, China
. The eldest of 11 children, he came to Singapore
with his family when he was six.
Ng's family owns the development corporations Far East Organization
and Sino Group
.
Despite his fortune, he had a reputation for leading a frugal and unostentatious lifestyle. Though he controlled at least a quarter of Singapore's housing market, Ng lived in the same house he'd had for 30 years, and used to take his own lunch on the airplanes.
At the time of his death, Sino Group was one of Hong Kong's largest real estate developers, and Far East Organization remained one of the largest landholders in Singapore. Far East Organization also owns The Fullerton Singapore and numerous other landmark hotels and other properties. His older son, Robert Ng
, and younger son, Philip, are in charge of the family's Hong Kong
and Singapore businesses respectively. Ng's family net worth was estimated to be US$5.5 billion in 2009. Ng suffered a cerebral hemorrhage on 23 January 2010 and, after an unsuccessful operation, died on 2 February 2010 at the age of 82. At his death, he was reportedly the richest person in Singapore.
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
an real estate
Real estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
tycoon with a major presence in Hong Kong.
History
He was born in a small village in PutianPutian
Putian is a prefecture-level city in eastern Fujian province, People's Republic of China. It borders Fuzhou City to the north, Quanzhou City to the south, and the Taiwan Strait to the east.-Administration:...
prefecture level city, Fujian
Fujian
' , formerly romanised as Fukien or Huguing or Foukien, is a province on the southeast coast of mainland China. Fujian is bordered by Zhejiang to the north, Jiangxi to the west, and Guangdong to the south. Taiwan lies to the east, across the Taiwan Strait...
province, China
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
. The eldest of 11 children, he came to Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
with his family when he was six.
Ng's family owns the development corporations Far East Organization
Far East Organization
Far East Organization is the largest private property developer in Singapore. It was founded by Singaporean billionaire Ng Teng Fong in 1960s. It has two listed subsidiaries, Orchard Parade Holdings Limited and Yeo Hiap Seng Limited...
and Sino Group
Sino Group
Sino Group is one of the largest property companies in Hong Kong. The Group comprises private holding companies owned by the Ng family, and three publicly listed companies:*Tsim Sha Tsui Properties Limited*Sino Land Company Limited...
.
Despite his fortune, he had a reputation for leading a frugal and unostentatious lifestyle. Though he controlled at least a quarter of Singapore's housing market, Ng lived in the same house he'd had for 30 years, and used to take his own lunch on the airplanes.
At the time of his death, Sino Group was one of Hong Kong's largest real estate developers, and Far East Organization remained one of the largest landholders in Singapore. Far East Organization also owns The Fullerton Singapore and numerous other landmark hotels and other properties. His older son, Robert Ng
Robert Ng
Robert Ng Chee Siong is the chairman of Hong Kong property development conglomerate Sino Group, a position he has held since 1981. He is the eldest son of Ng Teng Fong, the Singaporean real estate billionaire...
, and younger son, Philip, are in charge of the family's Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
and Singapore businesses respectively. Ng's family net worth was estimated to be US$5.5 billion in 2009. Ng suffered a cerebral hemorrhage on 23 January 2010 and, after an unsuccessful operation, died on 2 February 2010 at the age of 82. At his death, he was reportedly the richest person in Singapore.