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Simon Cheong Sae Peng (simplified Chinese: 钟世平; traditional Chinese: 鍾世平; pinyin: Zhōng Shìpíng; born c. 1957) is a Singaporean businessman, founder of property developer SC Global Developments Company.[1] In 2013, Forbes estimated his fortune at $410 million.[2]

Career

Cheong has a BS degree in Civil Engineering from the University of Washington and a Master of Business Administration from George Washington University.[3] He led Citibank's real estate finance division in Singapore and then Credit Suisse First Boston's Asian real estate division prior to setting up SC Global in 1996.[3][4] He also owns 41% of Australia's housing developer, AV Jennings.

In 1999, Cheong bought MPH Group and took SC Global public via a reverse merger.[3][4] He sold MPH Group in 2002 to Malaysian businessman Syed Mokhtar Al-Bukhary.

Cheong was elected president of the Real Estate Developers Association of Singapore (REDAS) in 2007, and re-elected for another two-year term in 2009.

In 2017, Cheong was appointed as an independent director of Singapore Airlines.[5] He had served as a board member of Republic Polytechnic and Singapore Turf Club previously.[5]

In 2018, his group SC Global owned 1 million square feet of high-end residential apartments.[6] In August 2022, he opened a Setsu resort hotel in Niseko.[7]

References

  1. ^ Boon, Rachael (31 May 2017). "Luxury property developer SC Global's CEO Simon Cheong joins SIA board as an independent director". The Straits Times. Retrieved 20 January 2020.
  2. ^ "Simon Cheong". Forbes. Retrieved 1 February 2016.
  3. ^ a b c "Simon Cheong". Tatler Asia. Retrieved 31 March 2023.
  4. ^ a b "Build It, They're Coming". Forbes. Retrieved 31 March 2023.
  5. ^ a b Boon, Rachel (31 May 2017). "Luxury property developer SC Global's CEO Simon Cheong joins SIA board as an independent director | The Straits Times". www.straitstimes.com. Retrieved 31 March 2023.
  6. ^ Worldfolio, The. "Konishi provides the adhesives of the future". Theworldfolio. Retrieved 31 March 2023.
  7. ^ Shah, Farhan (7 January 2022). "SC Global's Simon Cheong is making his next bet in Niseko". The Peak Magazine. Retrieved 31 March 2023.
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