Simon Cheong
{{short description|Singaporean businessman|bot = PearBOT 5}}
{{BLP sources|date=February 2016}}
{{Use dmy dates|date=January 2020}}
Simon Cheong Sae Peng ({{zh|zh|s=钟世平|t=鍾世平|p=Zhōng Shìpíng}}; born {{c.|1957}}) is a Singaporean businessman, founder of property developer SC Global Developments Company.{{cite news |last=Boon |first=Rachael |date=31 May 2017 |title=Luxury property developer SC Global's CEO Simon Cheong joins SIA board as an independent director |newspaper=The Straits Times |url=https://www.straitstimes.com/business/companies-markets/luxury-property-developer-sc-globals-ceo-simon-cheong-joins-sia-board-as |access-date=20 January 2020}} In 2013, Forbes estimated his fortune at $410 million.{{cite news |title=Simon Cheong |work=Forbes |url=https://www.forbes.com/profile/simon-cheong/ |access-date=1 February 2016}}
Career
Cheong has a BS degree in Civil Engineering from the University of Washington and a Master of Business Administration from George Washington University.{{Cite web |title=Simon Cheong |url=https://www.tatlerasia.com/people/simon-cheong |access-date=2023-03-31 |website=Tatler Asia |language=en}} 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.{{Cite web |title=Build It, They're Coming |url=https://www.forbes.com/global/2010/0809/singapore-10-40-richest-simon-cheong-expat-landing.html |access-date=2023-03-31 |website=Forbes |language=en}} 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. 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.{{Cite web |last=Boon |first=Rachel |date=2017-05-31 |title=Luxury property developer SC Global's CEO Simon Cheong joins SIA board as an independent director {{!}} The Straits Times |url=https://www.straitstimes.com/business/companies-markets/luxury-property-developer-sc-globals-ceo-simon-cheong-joins-sia-board-as |access-date=2023-03-31 |website=www.straitstimes.com |language=en}} He had served as a board member of Republic Polytechnic and Singapore Turf Club previously.
In 2018, his group SC Global owned 1 million square feet of high-end residential apartments.{{Cite web |last=Worldfolio |first=The |title=Konishi provides the adhesives of the future |url=https://www.theworldfolio.com/news/konishi-provides-the-adhesives-of-the-future/4525/ |access-date=2023-03-31 |website=Theworldfolio |language=en}} In August 2022, he opened a Setsu resort hotel in Niseko.{{Cite web |last=Shah |first=Farhan |date=2022-01-07 |title=SC Global's Simon Cheong is making his next bet in Niseko |url=https://www.thepeakmagazine.com.sg/interviews/sc-globals-simon-cheong-is-making-his-next-bet-in-niseko/ |access-date=2023-03-31 |website=The Peak Magazine |language=en-US}}