Wee Cho Yaw, chairman, United Overseas Bank Group
‘Teng Fong was an old friend of more than 50 years. He had an intuitive flair for reading property cycles. I have always admired his acute perception of market forces, an acumen that has made Far East among the most successful property developers in Singapore and Hong Kong. His sudden passing is a great loss to the business community.’
Kwek Leng Beng, executive chairman, Hong Leong Group Singapore
‘I knew Mr Ng for a long time, and had the privilege of working closely with him especially when we were active in Redas in the 1980s. I valued his views and benefited from his insights . . . His passing is indeed an immense loss for the industry and for Singapore.’
Liew Mun Leong, president & CEO of CapitaLand Group
‘Mr Ng was highly respected as a successful pioneer and veteran in the Singapore real estate industry. We speak with high regard of how he successfully steered his business through several major crises over the decades and built an impressive business empire.
‘He has been equally successful in his foray into Hong Kong, a very mature and competitive market, decades ahead of others in Singapore. Such initiatives place Mr Ng Teng Fong as an exceptional property veteran whose entrepreneurship far exceeds many of us in Singapore. Even the largest property companies in Hong Kong take their hats off to his company in Hong Kong where it enjoys a high standing.’
Simon Cheong, president of Real Estate Developers’ Association of Singapore
‘Mr Ng is indeed a property icon in Singapore . . . We at Redas will indeed miss his presence and guidance. His scale and timing are legendary.’
Source: Business Times, 3 Feb 2010
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