S'pore's bubbly property market, part 3

Singapore property giant Kwek Leng Beng recently made the most bullish forecast for the Singapore property market so far, according to a Bloomberg interview. He's second from right in the larger pix that was published in local newspapers last year. Leng Beng stood next to famous architect Moshe Safdie (with moustache) in the winning bid for Marina Bay integrated resort and casino project, which will be developed by Sheldon Adelson of Las Vegas Sands. Leng Beng is on the left in the inset with younger brother Leng Joo. Notice how Leng Beng has an expressive way with his hand! :-)

But Leng Beng's prediction is plausible. He is one of the most astute readers of the local property market. He and his late father Hong Png of the Singapore Hong Leong empire have had an uncanny ability in reading the Singapore property market. They got so many cycles correct, including the latest bull run by Kwek junior.

And while everyone wrote off Las Vegas Sands in its bid for the Marina Bay integrated resort site, Leng Beng was the sole public backer of the American developer. Er, the other backer was dad, who correctly predicted the winners of the Marina Bay and Sentosa integrated resort and casino tender exercises.