Huang Tingfang
Ng Teng Fong (Chinese: 黃廷方; 28 July 1928 – 2 February 2010) was a Chinese-born Singaporean and Hong Kong entrepreneur. He founded Singapore’s Far East Organization and Hong Kong’s Sino Group, serving as major shareholder of both.
Early life and career
Ng Teng Fong was born in 1928 in Jiangkou Town, Putian County, Fujian Province. He moved with his family to Singapore at age four, where his father ran a grocery business. In the 1940s Ng started a soy sauce venture. In the 1950s he began investing in Singapore real estate. His Far East Organization acquired prime Orchard Road properties, earning him the nickname “King of Orchard Road.” The group also held 61% of Orchard Hotel and stakes in the Fullerton Hotel. Other assets included Golden Landmark and b-ert Court hotels. He later became a major shareholder of Yeo Hiap Seng.
In the early 1970s Ng expanded to Hong Kong, founding Sino Group in 1972 and listing it that July to focus on property development. In the early 1980s he developed office towers in eastern Tsim Sha Tsui, then spun off Sino Land Limited in March 1981 as a separate listed entity. Known for bidding aggressively at Hong Kong land auctions, he recovered from a HK$1 billion loss during the 1983–84 downturn. In Singapore, he continued land bids into the late 1990s but reduced activity after 2002.
By the 2007 Forbes Singapore Rich list, the Ng family ranked first[1]. In 2020, Forbes Asia placed the family fifth in Singapore with US$13 billion in wealth.
Ng Teng Fong died on 2 February 2010 at age 81.[2]
Public service
- Member, National Day Observance Committee, Hong Kong
- Vice‑President, Real Estate Developers Association of Hong Kong
See also
- Ng family of Singapore and Hong Kong