The Great Recession

Shing Huei Peh

Chapter 17 in Strictly Business:The Kwek Leng Beng Story, 2023, pp 174-183 from World Scientific Publishing Co. Pte. Ltd.

Abstract: It felt like the circle of life that Kwek Leng Beng would have to return to Beach Road at some point. Nearly seven decades after his father had started Hong Leong as a general trading company with a shopfront by the southern shores of Singapore, Kwek would gaze down at a majestic empty plot of land from a neighbouring building on the same road. “You have to tender for it,” said real estate consultant and friend Edmund Tie, who was hosting Kwek in his office in Shaw Tower. Kwek knew he was right. While the location had long lost the relevance of its name because of Singapore’s rapid land reclamation, it was still a superb piece of real estate. To its north, on the other side of Beach Road, was the iconic Raffles Hotel. On the other flank, across Nicoll Highway, sat Suntec City, one of the country’s biggest shopping malls and convention centres. Property analysts went so far as to describe it as “the last iconic site in Singapore”…

Keywords: Kwek Leng Beng; Hong Leong Group; Hong Leong; Singapore; Millennium Hotel; Millenium Hotel; 9/11; The Plaza; authorised biography; CDL; City Development Ltd; Donald Trump (search for similar items in EconPapers)
JEL-codes: L2 L21 L26 L85 M1 M13 M16 R3 (search for similar items in EconPapers)
Date: 2023
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