I believe in the 20/80 rule, especially in the realm of wealth. 20% of the rich controls or owns 80% of the wealth (in fact I believe it is more skewed than this). Hence, I have a personal quest to discover who owns what in Singapore, and hope to present my findings in a series of posts. And I have a hunch that I could link most of the assets to the hands of a few rich owners. Let’s begin with the real estate since Singapore is land scarce and of high value. In particular, I am only going to cover commercial and retail properties (left out residential and industrial).
Please also note that not all buildings in Singapore have been covered and I am not liable for any misrepresentation of the assets and figures (although I put in my due diligence to be as accurate as possible). Most of these companies are public listed so it is easier to gather the information. When I use the word “owns”, it would mean indirect interest. For example, if A and B owns C. And C owns D, A and B have indirect interest in D. I know it sounds complicated, tell me about it when I was scouring through all the annual reports. This is how the rich use companies to own companies. Isn’t this what Rich Dad advocates? It reduces tax!
Bonvests Holdings (Goldvein Holdings owns 59.68% which Henry Ngo, Patrick Tse, James Sookanan and Wilfred Hsieh have stakes in)
Liat Towers
Yishun Ten Complex (with Golden Village)
CapitaLand Commercial Trust (Temasek Holdings owns 31.5%)
Bugis Village
Capital Tower
Golden Shoe Carpark
HSBC Building
Market Street Carpark
One George Street
Raffles City
Robinson Point
Six Battery Road
Starhub Centre
Wilkie Edge
CapitaMall Trust (Temasek Holdings owns 29.85%)
The Atrium@Orchard
Bugis Junction
Bukit Panjang Plaza
Funan Digilife Mall
Hougang Plaza
IMM Building
Junction 8
Jurong Entertainment Centre
Lot One Shopper’s Mall
Plaza Singapura
Raffles City
Rivervale Mall
Sembawang Shopping Centre
Tampines Mall
City Developments (Hong Leong Investment Holdings Pte Ltd owns 48.623%. Note it is a private company, which Kwek Leng Beng and family should have big stakes in it.)
7 & 9 Tampines Grande
11 Tampines Concourse
The Arcade
Central Mall
Chinatown Point
City House
City Square Mall
The Corporate Building
The Corporate Office
Delfi Orchard
Fortune Centre (office space only)
Fuji Xerox Towers
GB Building
Katong Shopping Centre (office space only)
King’s Centre
The Office Chamber
Palais
Plaza by the Park
Republic Plaza
Sunshine Plaza (office space only)
Tangling Shopping Centre (office space only)
GuocoLand (GuocoLand Assets Pte Ltd owns 65.24%. Note it is a private company, which Kwek Leng Beng and family should have big stakes in it.)
Tung Centre
F&N (Temasek Holdings owns 15%, OCBC owns 15.2% itself and through Great Eastern Life Assurance)
Frasers Commercial Trust (F&N owns 23% through Frasers Centrepoint, FCL Trust Holdings Pte Ltd and Frasers Centrepoint Asset Management (Commercial) Pte Ltd)
55 Market Street
Alexandra Technopark
China Square Central
Keypoint
Frasers Centrepoint Trust (Frasers Centrepoint Ltd owns 51.93% through FCL Trust Holdings Pte Ltd)
Anchorpoint
The Centrepoint
Causeway Point
Compass Point
Northpoint
Robertson Walk
Valley Point
Yew Tee Point
Heeton (Heeton Private Investments Pte Ltd has 25.09% stake and is own by Toh Khai Cheng and Toh Giap Eng. Toh Khai Cheng has additional 15.26% stake through Hong Heng Company Pte Ltd)
Sun Plaza (owns 50% of the retail units through Canberra)
Tampines Mart
The Woodgrove (only owns retail space)
* These wet markets may have been sold to Sheng Siong based on this article.
Ho Bee (Chua Thian Poh, Ng Noi Hinoy and Chua Kong Chian owns 64.83% through Ho Bee Holdings Pte Ltd and Air-Jet Autocare Pte Ltd)
Samsung Hub (owns 97,000sqft out of 290,000sqft)
Suntec Tower 2 (owns 2 floors)
* Chua Thian Poh is #16 Singapore’s Richest in 2009 with net worth of US$450mil
Hong Fok Corporation
The Concourse
International Building
Hong Kong Land
CityLink Mall
Marina Bay Financial Centre (with Cheung Kong and Keppel Land)
One Raffles Link
One Raffles Quay (with Cheung Kong and Singapore Land)
Keppel Land (Keppel Corp owns 53% and Temasek Holdings owns 21% of Keppel Corp)
Equity Plaza
HarbourFront Tower
Heritage Court (8 shophouses)
Joo Chiat Shophouses (4)
Keppel Bay Tower
Keppel Digihub
Marina Bay Financial Centre (with Cheung Kong and Hong Kong Land)
Ocean Financial Centre
Alpha Investment Partners (Keppel Land wholly own)
135 Cecil Street
Nordic European Centre
Northtech
Robinson Centre
K-REIT Asia (Keppel Land owns 44% and Keppel Corp owns 31%)
Bugis Junction Towers
Keppel Tower and GE Tower
One Raffles Quay (with Suntec REIT and Hong Kong Land)
Prudential Tower
Mapletree Investments Pte Ltd (Since it is a private company, no shareholders statistics was found)
Comtech
Harbourfront Centre
Harbour Front Tower One and Keppel Tower
Harbour Front Tower Two
Mapletree Anson
Mapletree Business City
Mapletree Lighthouse
Merrill Lynch Harbourfront
PSA Building
St James Power Station
Vista
Vivocity
Roxy Pacific Holdings
Roxy Square
Starhill Globat REIT (Tan Sri Datok Seri Dr Yeoh Tiong Lay owns 26.65% through various companies)
Ngee Ann City (27.23%)
Wisma Atria (74.23%)
*Tan Sri Datok Seri Dr Yeoh Tiong Lay is ranked #397 of the world’s billionaires in 2009 with net worth US$1.8 billion.
Suntec REIT (Perennial Investment Partners owns 6% and Shaw Trustee Pte Ltd owns 5.4%)
CHJIMES
One Raffles Quay (with K-REIT Asia and Hong Kong Land)
Park Mall
Suntec City Mall
Suntec City Office Towers (57%)
Suntec Singapore International Convention & Exhibition Centre (20%)
UIC （Wee Cho Yaw has 35.83% and John Gokongwei Jr has 35.31% stake)
Stamford Court
UIC Building
West Mall (50% with SingLand)
*Wee Cho Yaw and family is ranked #258 of the world’s billionaires with net worth US$3.5 billion.
*John Gokongwei Jr is ranked #5 of Philippines 40 Richest with net worth US$720 million.
Singapore Land (UIC owns 72.42%)
Abacus Plaza and Tampines Plaza
Clifford Centre
Marina Square
Novena Square (20%, with UOB and UOL)
SGX Centre
Singapore Land Tower
The Gateway
West Mall (50% with UIC)
UOL Group (Wee Cho Yaw owns 29.13%, Wee Ee Cheong owns 23.55%, Wee Ee Chao owns 10.41%, Wee Ee Lim owns 10.15%)
Faber House
Novena Square (with UOB and Singapore Land)
Odeon Towers
The Plaza
United Square
Wheelock Properties
Scotts Square
Wheelock Place
You may also like:
- 40 Richest in Singapore 2009
- Ng Teng Fong and Far East Organization
- Property Run in 2010?
- Getting Cheap Books in Singapore
- Singapore Property Auctions
- Invest Fair 08
- Is Singapore Property Over-priced?
- Buying Commodities in Singapore
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{ 4 comments… read them below or add one }
Thanks Alvin.
Nice job.
Thanks Alvin.
Nice job.
Dig further in and uncover the closeness of the web. It reaches the top…top
Dig further in and uncover the closeness of the web. It reaches the top…top
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