Kwee family

Kwee family
Residence Singapore
Nationality Singapore
Occupation Owners, Pontiac Land Group
Net worth $5.3 billion (July 2017)[1]
Parent(s) Henry Kwee
Website http://www.pontiacland.com/

The Kwee family is a Singaporean family that owns the Pontiac Land Group, a privately held luxury real estate developer and hotel owner based in Singapore.[2] The Kwee brothers Kwee Liong Keng, Kwee Liong Tek, Kwee Liong Seen and Kwee Liong Phing collectively run the group.

Family overview

Henry Kwee Hian Liong, father of the Kwee brothers, was an Indonesian textile trader and real estate developer who emigrated to Singapore in 1958.[2][3] He founded Kwee Inc. Pte Ltd in 1959 and the Pontiac Land Group (PLG) in 1961.[4] Henry Kwee passed away in 1988.[5]

Kwee Liong Keng is the eldest of the Kwee brothers and serves as the managing director of PLG.[6] Kwee Liong Keng is married to Chua Lee Eng, from the Chua family that founded Cycle and Carriage.[7]He also served as Singapore's Non-Resident Ambassador to the Republic of Poland, among other public service positions.[8] Kwee Liong Tek is the chairman of the Group.[9] Brothers Kwee Liong Seen and Kwee Liong Phing are both directors on the board.

The Kwee brothers via Pontiac Land Group own several luxury hotels in Singapore including Regent Singapore, Ritz-Carlton Millenia, the Conrad Centennial Singapore, and The Capella Singapore, as well as office blocks and malls, such as Capitol Piazza, the Millenia Tower and the Centennial Tower.[2] PLG also developed and manage the Camden Medical Centre.

In October 2013, the Kwee brothers agreed to provide $300 million in equity, supported by an $860 million loan from a consortium of Asian banks to enable the Tower Verre development in New York City. This is PLG's first major foray outside of Singapore amidst the tightening property market on the island state.[10][11] The Kwees are also redeveloping 2 of Sydney's historic sandstone buildings into a 240-room luxury hotel.[12]

Third generation of Kwees are represented by Evan Kwee, son of Kwee Liong Tek and maternal grandson of George Aratani.[13] Evan Kwee is a director of Pontiac Land Group and the executive director of Capella Hotel Group Asia,[3] and is married to Claudia Sondakh.[3] His older sister Melissa Kwee is a social activist[14] and chief executive officer of the National Volunteer & Philanthropy Centre in Singapore.[15][16] She is also a director on Pontiac Land Group.[17] One of their cousins, Leland Kwee, is a director of Patina Hotels and Resorts, and investor.[18][19]

Kwee Liong Keng's daughters Kwee Wei Lin[20] and Kwee Su-Lin[4] both hold senior positions at PLG.

According to Forbes, the Kwee family have a net worth of $5.3 billion, as of July 2017.[2] The Kwee brothers reside in Singapore.[2] The family support educational causes, arts and cultural causes, social causes and humanitarian causes.[21]

References

  1. ↑ "Kwee family". Forbes. Retrieved 17 July 2017.
  2. 1 2 3 4 5 "Kwee family". Forbes. Retrieved 17 July 2017.
  3. 1 2 3 Staff, Forbes. "Next Tycoons: Singaporean Evan Kwee's Passion For Design". Forbes. Retrieved 2017-08-31.
  4. 1 2 "Pontiac Land makes its mark in US with style". The Straits Times. 2015-05-13. Retrieved 2017-08-31.
  5. ↑ "CONDOLENCES". 19 April 1988. Retrieved 2017-08-31.
  6. ↑ "Kwee Liong Keng". Singapore Tatler.
  7. ↑ "Marriage unites two wealthy families". Retrieved 2017-08-31.
  8. ↑ "MFA Press Statement: Appointment of Singapore's Non-Resident Ambassador to the Republic of Poland". Ministry of Foreign Affairs.
  9. ↑ "Kwee Liong Tek". Singapore Tatler.
  10. ↑ migration (2015-05-13). "Pontiac Land makes its mark in US with style". The Straits Times. Retrieved 2017-07-17.
  11. ↑ "Singapore Billionaires Want A Piece Of The New York Sky". Forbes. Retrieved 1 September 2017.
  12. ↑ Rashiwala, Kalpana. "Shaping the skyline here and overseas". The Business Times. Retrieved 2017-08-31.
  13. ↑ "George Tetsuo ARATANI's Obituary on Los Angeles Times". Los Angeles Times. Retrieved 2017-08-31.
  14. ↑ Tan, Jessica (2009-03-06). "Life's Calling". Forbes. Retrieved 2017-08-31.
  15. ↑ "Jetsetting with ... NVPC's CEO Melissa Kwee". TODAYonline. Retrieved 2017-08-31.
  16. ↑ "2007 Melissa Kwee – Her World Woman of The Year". womanoftheyear.herworldplus.com. Retrieved 2017-08-31.
  17. ↑ Teo, Esther (2013-04-30). "New luxury hotel for landmark Capitol site, part of $750m redevelopment project". The Straits Times. Retrieved 2017-08-31.
  18. ↑ "Singapore start-up BeMyGuest raises total of S$11.5 million after Series A funding". Channel NewsAsia. Retrieved 2017-08-31.
  19. ↑ "The Patina, Thanburudhoo, brings new luxury to the Maldives". Breaking Travel News. Retrieved 2017-08-31.
  20. ↑ "The Final Blog From Singapore - The Martha Stewart Blog". www.themarthablog.com. Retrieved 2017-08-31.
  21. ↑ "Liong Tek Kwee | Wealth-X". Wealth-X. 23 October 2015.


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