Kwee family

About Kwee family

Residence: Singapore
Occupation: Owners, Pontiac Land Group
Parent(s): Henry Kwee
Website: http://www.pontiacland.com/

Kwee family Net Worth

Kwee family was born. The four Kwee siblings own privately held Pontiac Land, which owns an array of luxury hotels and iconic office towers across the island-nation. Pontiac Land was founded by their Indonesian father Henry Kwee, a textile trader and real estate developer, who migrated to Singapore in 1958. In New York, the brothers are building an 82-story tower beside the Museum of Modern Art, where apartments cost from $3 million to over $70 million. Their joint venture with Perennial Real Estate Holdings for the landmark Capitol Singapore project is under dispute. The Kwees are building a resort complex in the Maldives
Kwee family is a member of Real Estate

💰 Net worth: $5.68 Billion

2013 $4.6 Billion
2014 $5.2 Billion
2015 $4.9 Billion
2016 $5 Billion
2017 $5.1 Billion
2018 $5.68 Billion

Some Kwee family images

Biography/Timeline

1958

Henry Kwee Hian Liong, Father of the Kwee brothers, was an Indonesian textile trader and real estate developer who emigrated to Singapore in 1958. He founded Kwee Inc. Pte Ltd in 1959 and the Pontiac Land Group (PLG) in 1961. Henry Kwee passed away in 1988.

2013

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 Tower Verre development in New York City. This is PLG's first major foray outside of Singapore amidst the tightening property market on the island state. The Kwees are also redeveloping 2 of Sydney's historic sandstone buildings into a 240-room luxury hotel.

2017

According to Forbes, the Kwee family have a net worth of $5.3 billion, as of July 2017. The Kwee brothers reside in Singapore. The family support educational causes, arts and cultural causes, social causes and humanitarian causes.