Daryl Ng Win Kong, 47, the eldest son of Robert Ng Chee Siong, will officially take over as chairman of the HK$127.7 billion (US$16.3 billion) Sino Group on August 31, according to filings made to the Hong Kong stock exchange on Friday. He will helm Sino Land, Tsim Sha Tsui Properties, and Sino Hotels, marking a new era of third-generation leadership for the property group.
His father, Robert Ng, 72, is stepping down after more than three decades at the top. He assumed leadership in 1991 following the passing of his father and company founder, Ng Teng Fong. Robert Ng has six children, including Nikki Ng Mien Hua, the eldest daughter, who serves as a non-executive director.
The family’s real estate legacy began in 1934, when the late Ng Teng Fong migrated from China to Singapore. He founded the Far East Organization in the 1960s and later built Sino Land into one of Hong Kong’s major property developers.
Daryl Ng has been an executive director at Sino Group since April 2005 and deputy chairman since November 2017.
Sino Land posted a net profit of HK$1.82 billion for the six months ending December 2024, down from HK$2.6 billion a year earlier. Despite the drop, the company remains in a strong cash position—an exception in a sector where many rivals are burdened with heavy debt.
