Chinese missing casino tycoon1/8/2023 That investment came less than two years after the developer had paid S$593.5 million (then $444 million) to enter the city’s residential market with the purchase of a pair of luxury residential plots near the same shopping district. Just last month Shun Tak had expanded it Singapore portfolio by acquiring the 30 percent it did not already own in the 111 Somerset commercial tower near Orchard Road for S$155 million. Hong Kong-listed Shun Tak Holdings, now helmed by the tycoon’s daughter Pansy Ho, had continued to grow the family controlled company’s real estate holdings around the region in recent years, despite the patriarch’s declining health.įounded by Ho in 1972, the holding company owns commercial properties in Hong Kong including the twin-tower Shun Tak Centre which stands above the Macau ferry terminal, as well as the Sk圜ity Marriott Hotel, in addition to having developed a series of residential projects. ![]() ![]() The late tycoon also amassed a significant real estate portfolio through his property and shipping firm Shun Tak Holdings, which holds commercial properties, hotels and residential developments across Macau, Hong Kong, Thailand, Singapore, and mainland China.
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