Real estate magnet Gordon Tang has been promoting interests of Singapore-based SingHaiyi Group with his wife and Group Managing Director Mrs. Celine Tang and Non-Executive Chairman Neil Bush, who happens to be the brother of former US president George Bush. Despite being an offshore developer, SingHaiyi Group has managed to acquire many assets in the US and already has considerable investment in Singapore and Malaysia. For Gordon Tang, the idea is to expand globally, for which his company has been looking for exposure in new markets. To get an entry in Australian real estate market, the group acquired 9% stake in Cromwell Property Group. Mr. Tang is also looking at distressed real estate assets, with a clear goal of revamping investments and churning profits for everywhere concerned.

Under Mr. Tang’s guidance and leadership, the group acquired 204,300-sq-feet 5 Thomas Mellon Circle in San Francisco Bay, California, which is expected to become a 550-unit waterfront condo project. Tangs also have stakes in Suntec REIT, OUE Commercial REIT, which are known real estate investment trusts. Gordon Tang also has a share in OUE Hospitality Trust. Despite being a non-executive director of SingHaiyi, he is capable of doing the same via holding company, Haiyi Holdings.