{"id":62056,"date":"2017-07-28T10:08:36","date_gmt":"2017-07-28T03:08:36","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-tycoons-continue-to-top-singapores-50-richest-list\/"},"modified":"2017-07-28T10:10:20","modified_gmt":"2017-07-28T03:10:20","slug":"property-tycoons-continue-to-top-singapores-50-richest-list","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-tycoons-continue-to-top-singapores-50-richest-list\/","title":{"rendered":"Property tycoons continue to top Singapore\u2019s 50 Richest list"},"content":{"rendered":"


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\nFor eight consecutive years, property brothers Robert and Philip Ng of Far East Organisation retained their top spot in Forbes Asia\u2019s Singapore Rich List, with their fortune at US$9.4 billion (S$12.8 billion) this year.
\nThey were closely followed by Facebook co-founder Eduardo Saverin, who jumped one spot from last year with US$9.3 billion (S$12.6 billion).
\nPaint tycoon Goh Cheng Liang settled on the third place with a total net worth of US$7.8 billion (S$10.6 billion), while City Developments executive chairman Kwek Leng Beng grabbed the fourth place with US$7.1 billion (S$9.6 billion).
\nIn a release, the media company noted that Singapore\u2019s 50 richest saw their wealth increase by 11 percent year-on year to US$104.6 billion (S$142 billion), despite the sluggish economy. Nearly two-thirds of the tycoons registered an increase in wealth, even as the price entry was raised from US$455 million (S$618 million) last year to US$540 million (S$734 million).
\nIn fact, the list featured two newcomers \u2013 hedge fund star Danny Yong and Indian real estate and financial services group Indiabulls co-founder Saurabh Mittal, who ranked 42nd and 44th respectively.
\nAfter dropping out in 2016, Oxley Holdings\u2019 Ching Chiat Kwong, who was famous for building shoebox apartments, returned on the list with a fortune of US$615 million (S$836 million).
\nForbes Asia, however, revealed that over a fifth of those returning to the 50 rich list saw a drop in their wealth, with five of the tycoons had their wealth connected to property \u2013 a sector that has yet to witness an uptick, even as some of the biggest property players had bagged prized enclaves in the land-scarce country.
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\nThis article was edited by Denise Djong.
\n\u00a0
\n\u00a0
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Property tycoons continue to top Singapore\u2019s 50 Richest list<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0 For eight consecutive years, property brothers Robert and Philip Ng of Far East Organisation...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-62056","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-g8U","jetpack-related-posts":[{"id":104729,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-moguls-top-singapores-richest-forbes\/","url_meta":{"origin":62056,"position":0},"title":"Property moguls top Singapore\u2019s richest: Forbes","date":"March 6, 2019","format":false,"excerpt":"\r Real estate tycoons Robert and Philip Ng who control Far East Organization lead the field with a net worth of US$12 billion. A total of 22 Singaporeans made it to Forbes magazine\u2019s list of billionaires for 2019, with real estate tycoons Robert and Philip Ng taking the lead with\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94761,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/far-east-siblings-named-as-singapores-richest-people\/","url_meta":{"origin":62056,"position":1},"title":"Far East siblings named as Singapore\u2019s richest people","date":"July 26, 2018","format":false,"excerpt":"\r A Far East-led consortium acquired a mixed-use site in Holland Road after submitting the highest bid of S$1.2 billion in May. (Photo: URA) The net worth of Singapore\u2019s top 50 wealthiest people collectively increased by 11 percent to nearly US$116 billion, with two property tycoons claiming the top spot,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111662,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/housing-policy-cushions-hong-kongs-property-slump-adding-us3-billion-to-wealth-of-citys-six-richest-real-estate-tycoons\/","url_meta":{"origin":62056,"position":2},"title":"Housing policy cushions Hong Kong\u2019s property slump, adding US$3 billion to wealth of city\u2019s six richest real estate tycoons","date":"October 17, 2019","format":false,"excerpt":"\r The Hong Kong government\u2019s relaxation of mortgage payment rules for the first time in nine years would help spur sales of lived-in homes by as much as 30 per cent in the quarter ending in December, putting a cushion under the slump in the city\u2019s real estate sales.In her\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120690,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/googles-sergey-brin-bridgewaters-ray-dalio-and-inventor-james-dyson-lead-celebrity-tycoons-rush-for-singapores-good-class-bungalows-causing-prices-to-soar\/","url_meta":{"origin":62056,"position":3},"title":"Google\u2019s Sergey Brin, Bridgewater\u2019s Ray Dalio and inventor James Dyson lead celebrity tycoons\u2019 rush for Singapore\u2019s Good Class Bungalows, causing prices to soar","date":"March 23, 2021","format":false,"excerpt":"\r In the first two and half months of 2021, Realstar Premier Group brokered the sale of five detached houses \u2013 including three Good Class Bungalows (GCBs) \u2013 and a corner semi-detached house at One Tree Hill estate. The six deals fetched a sales value of S$137.63 million (US$102.7 million).Last\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":135623,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-property-crisis-evergrande-shimao-and-other-fallen-tycoons-rush-for-lifelines-to-fix-us232-billion-debt-headache\/","url_meta":{"origin":62056,"position":4},"title":"China\u2019s property crisis: Evergrande, Shimao and other fallen tycoons rush for lifelines to fix US$232 billion debt headache","date":"March 25, 2023","format":false,"excerpt":"\r China\u2019s expected economic revival will leave fallen property tycoons behind, missing the crucial liquidity train. The window to reorganise their offshore debts may be closing, as talk about another recession persists.\r \r Source : South China Morning Post\r Read more...China\u2019s property crisis: Evergrande, Shimao and other fallen tycoons rush\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":140212,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/country-garden-founder-and-daughter-top-list-of-chinese-philanthropists-as-34-tycoons-pledge-us26-2-billion\/","url_meta":{"origin":62056,"position":5},"title":"Country Garden founder and daughter top list of Chinese philanthropists, as 34 tycoons pledge US$26.2 billion","date":"November 8, 2023","format":false,"excerpt":"\r The founder and chairman of the indebted property developer top the Hurun Philanthropy List, which includes 34 Chinese business leaders who each donated at least 100 million yuan (US$13.7 million) to charitable causes in the last year.\r \r Source : South China Morning Post\r Read more...Country Garden founder and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/62056"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=62056"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/62056\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=62056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=62056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=62056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}