Family fortunes across Asia take a beating from $143b Reit rout


The showroom of SingHaiyi Group’s condominium development, The Gazania and The Lilium, in April last year. The group invests in commercial and residential properties in Singapore and has expanded to the US and Australia.PHOTO: LIANHE ZAOBAO

Mr Gordon Tang, a former professional windsurfer and avid sailor, and his wife Celine moved here from China in the 1990s, founded trading firm Tang Dynasty and then established a real estate empire.

Their SingHaiyi Group invests in commercial and residential properties in the island state and has expanded to the United States and Australia.

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