Daryl Ng, the eldest son of billionaire Robert Ng, Assumes Leadership Role at Hong Kong's Sino Group
Sino Group's Next Generation Takes the Reins
In a significant move, Daryl Ng Win Kong will take over as chairman of Sino Land, Tsim Sha Tsui Properties, and Sino Hotels starting August 31, 2025. This marks the transition of Sino Group's leadership into its third generation, as Daryl Ng succeeds his father, Robert Ng Chee Siong, who is retiring after leading these companies since 1991.
Robert Ng, who took over from his father in 1991, has been instrumental in expanding Sino Group's footprint across the Asia Pacific over the past four decades. The conglomerate, valued at HK$127.7 billion ($16 billion), boasts strong real estate holdings in Hong Kong, led by Sino Land as a major property developer.
The Ng family's business empire extends beyond real estate, with interests in the iconic Fullerton hotels in Hong Kong, Singapore, and Sydney. They also hold a controlling stake in Singapore-listed food and beverage company Yeo Hiap Seng.
Robert Ng is the son of group founder, the late Ng Teng Fong, who moved from China to Singapore in 1934. Ng Teng Fong built a fortune in real estate and was known as "The King of Orchard Road" for developing some of the oldest shopping malls in the area. His younger brother, Philip, oversees the family's Far East Organization, one of the largest private landlords and property developers in Singapore.
Daryl Ng, who is 47 years old, has been an executive director at Sino Group since 2005 and deputy chairman since 2017. The announcements were made in separate filings to the Stock Exchange of Hong Kong on Friday.
The Ng family's real-time net worth is $14.8 billion, making them among the richest in Singapore. This transition signifies the continuation of the Ng family's long-standing presence in the real estate industry across Hong Kong and Singapore.
- Daryl Ng Win Kong, as the next chairman of Sino Land, Tsim Sha Tsui Properties, and Sino Hotels, will navigate finance and investing opportunities in the real-estate sector, mirroring his father's accomplishments by expanding the group's presence in Asia Pacific.
- Alongside Sino Group, the Ng family's diversified business interests encompass the Far East Organization in Singapore, Sino Hotels in Hong Kong and other locations, and Yeo Hiap Seng, a Singapore-listed food and beverage company, indicating their extensive engagements in various business areas.
