Simon Cheong

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]