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Singapore’s billionaire Kwee family sets sights on China property deals

oktober 30, 2013by 0

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One of Singapore’s biggest landlords, the billionaire Kwee family, hopes to expand its portfolio into China and Europe after it announced its involvement in a 72-storey residential tower adjacent to the Museum of Modern Art in Manhattan. Pontiac Land Group plans to invest US$200 million in the project, said Michael Su, chief executive officer. Pontiac will team up with Goldman Sachs and Houston-based property firm Hines, existing partners for the…

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