Robert Ng's oldest son ascending as leader at Hong Kong real estate titan, Sino Group
Sino Group's New Chairman: Daryl Ng Takes Over from His Father
Daryl Ng, the eldest son of billionaire Robert Ng, has been appointed as the new chairman of Sino Land, Tsim Sha Tsui Properties, and Sino Hotels, effective from August 31, 2025. This marks a significant leadership transition to the third generation of the Sino Group.
Robert Ng, aged 72, is retiring from his positions at the Sino Group companies after over 30 years as chairman. He had taken over from his father and group founder, the late Ng Teng Fong, in 1991.
Daryl Ng had been an executive director at Sino Group since 2005 and deputy chairman since 2017. His elevation to chairman comes as part of the family's long-standing legacy in real estate.
The Sino Group's major subsidiaries have a combined market value of HK$127.7 billion (US$16.3 billion) under Daryl Ng's new leadership. The announcements were made in separate filings to the Stock Exchange of Hong Kong on Friday.
The Ng family, with a real-time net worth of $14.8 billion, owns iconic hotels in Hong Kong, Singapore, and Sydney, besides their vast interests in real estate. They also hold a controlling stake in Singapore-listed food and beverage company Yeo Hiap Seng. However, it is not specified in the article whether the Ng family's interests in real estate and other businesses are solely owned by the family or if they are joint ventures with other companies.
Robert Ng's younger brother, Philip, oversees the family's Far East Organization, one of the largest private landlords and property developers in Singapore. Under Robert Ng's tenure, Sino Group has expanded its footprint across the Asia Pacific. The late Ng Teng Fong was known as "The King of Orchard Road" for developing some of the oldest shopping malls in the area.
The Ng family does not appear to have any known involvement in the Sino Group's Hong Kong-listed real estate companies beyond Robert Ng's tenure as chairman, and it is not clear if they will have a continued role in the company after his retirement.
[1] Sino Group Announces Leadership Transition [2] Daryl Ng to Succeed Robert Ng as Sino Group Chairman [3] Sino Group's Robert Ng to Retire as Chairman [4] Sino Group's Daryl Ng Takes Over as Chairman [5] Sino Group's Daryl Ng Becomes Chairman
[1] The Sino Group, a major player in the real-estate industry, announces a significant business change as Daryl Ng takes over from his father, Robert Ng, as chairman, marking a transition to the third generation of the family.
[2] The Ng family, known for their investments in real-estate, finance, and other businesses, share their financial prowess, as Daryl Ng ascends to the position of chairman at Sino Land, Tsim Sha Tsui Properties, and Sino Hotels.
[3] Sino Group's longtime chairman, Robert Ng, steps down after more than 30 years in the role, handing over control to his son, Daryl Ng, and paving the way for the next generation to continue the group's growth in the real-estate and finance sector.
