Kwee family (Pontiac)

Last updated

Kwee Family
Current region Singapore
Place of origin Singapore
FounderHenry Kwee
Heirlooms Pontiac Land Group
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. [1] 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 (郭贤良 in Chinese), father of the Kwee brothers, was a Chinese-Indonesian textile trader and real estate developer who migrated from Yuxi Town Fuqing City, Fujian Province, China, to Singapore in 1958. [1] [2] He founded Kwee Inc. Pte Ltd in 1959 and the Pontiac Land Group (PLG) in 1961. [3] Henry Kwee died in 1988. [4]

Kwee Liong Keng is the eldest of the Kwee brothers and is the managing director of PLG. [5] Kwee Liong Keng is married to Chua Lee Eng, from the Chua family that founded Cycle and Carriage. [6] He also was Singapore's Non-Resident Ambassador to Poland, among other public service positions. [7] Kwee Liong Tek is the chairman of the Group. [8] Kwee Liong Seen and Kwee Liong Phing are both directors on the board. Both Kwee Liong Tek and Kwee Liong Seen went to college in California and are alumni of Berkeley's Haas School of Business. [9]

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 the Millenia Tower and the Centennial Tower. [1] 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 53 West 53 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] In the Maldives, the Kwees developed the Fari Islands archipelago, anchored by luxury hospitality brands - Capella Hotels and Resorts, Patina Hotels & Resorts and The Ritz-Carlton Hotel Company. [12] They are also redeveloping 2 of Sydney's historic sandstone buildings into a 240-room luxury hotel.

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, [2] and is married to Claudia Sondakh. [2] His older sister Melissa Kwee is a social activist [14] and was 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 [3] both hold senior positions at PLG. [3] [21]

According to Forbes , the Kwee family have a net worth of $5.8 billion, as of July 2019. [1] The Kwee brothers reside in Singapore. [1] The family support educational causes, arts and cultural causes, social causes and humanitarian causes. [22]

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References

  1. 1 2 3 4 5 "Kwee family". Forbes. Archived from the original on 27 March 2019. Retrieved 31 July 2019.
  2. 1 2 3 Staff, Forbes. "Next Tycoons: Singaporean Evan Kwee's Passion For Design". Forbes. Archived from the original on 8 September 2017. Retrieved 31 August 2017.
  3. 1 2 3 "Pontiac Land makes its mark in US with style". The Straits Times. 13 May 2015. Archived from the original on 31 August 2017. Retrieved 31 August 2017.
  4. ↑ "CONDOLENCES". 19 April 1988. Archived from the original on 31 August 2017. Retrieved 31 August 2017.
  5. ↑ "Kwee Liong Keng". Singapore Tatler. Archived from the original on 6 February 2017.
  6. ↑ "Marriage unites two wealthy families". Archived from the original on 31 August 2017. Retrieved 31 August 2017.
  7. ↑ "MFA Press Statement: Appointment of Singapore's Non-Resident Ambassador to the Republic of Poland". Ministry of Foreign Affairs. Archived from the original on 1 September 2017. Retrieved 1 September 2017.
  8. ↑ "Kwee Liong Tek". Singapore Tatler. Archived from the original on 11 March 2017.
  9. ↑ "Berkeley Haas Alumni Hall of Fame". 7 April 2020.
  10. ↑ migration (13 May 2015). "Pontiac Land makes its mark in US with style". The Straits Times. Archived from the original on 31 August 2017. Retrieved 17 July 2017.
  11. ↑ "Singapore Billionaires Want A Piece Of The New York Sky". Forbes. Archived from the original on 8 September 2017. Retrieved 1 September 2017.
  12. ↑ Asia, T. T. G. "Pontiac Land to launch luxury resort Fari Islands in the Maldives | TTG Asia". www.ttgasia.com. Retrieved 12 April 2021.
  13. ↑ "George Tetsuo ARATANI's Obituary on Los Angeles Times". Los Angeles Times. Archived from the original on 31 August 2017. Retrieved 31 August 2017.
  14. ↑ Tan, Jessica (6 March 2009). "Life's Calling". Forbes. Archived from the original on 8 September 2017. Retrieved 31 August 2017.
  15. ↑ "Jetsetting with ... NVPC's CEO Melissa Kwee". TODAYonline. Archived from the original on 31 August 2017. Retrieved 31 August 2017.
  16. ↑ "2007 Melissa Kwee – Her World Woman of The Year". womanoftheyear.herworldplus.com. Archived from the original on 31 August 2017. Retrieved 31 August 2017.
  17. ↑ Teo, Esther (30 April 2013). "New luxury hotel for landmark Capitol site, part of $750m redevelopment project". The Straits Times. Archived from the original on 31 August 2017. Retrieved 31 August 2017.
  18. ↑ "Singapore start-up BeMyGuest raises total of S$11.5 million after Series A funding". Channel NewsAsia. Archived from the original on 31 August 2017. Retrieved 31 August 2017.
  19. ↑ "The Patina, Thanburudhoo, brings new luxury to the Maldives". Breaking Travel News. Archived from the original on 31 August 2017. Retrieved 31 August 2017.
  20. ↑ "The Final Blog From Singapore - The Martha Stewart Blog". www.themarthablog.com. Archived from the original on 31 August 2017. Retrieved 31 August 2017.
  21. ↑ "Chope the good food" . Retrieved 13 November 2019.
  22. ↑ "Liong Tek Kwee | Wealth-X". Wealth-X. 23 October 2015. Archived from the original on 1 September 2017. Retrieved 17 July 2017.
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