Orchard Road Legends

With the passing of Ng Teng Fong, the rag to riches fairytale of some great legends of Singapore is nearing the end.


In 1958, Tang Choon Keng bought a 14,500-square feet piece of land at the corner of Orchard Road and Scotts Road at a cost of $10,000 which work out to 70 Singapore cents per square foot.





Ng Teng Fong first foray into Orchard Road was to built Far East Shopping Centre in 1974, then made a fortune with Lucky Plaza in 1978 followed by Far East Plaza in 1983.





Khoo Teck Puat with a few partners founded Malayan Banking (Maybank) in Kuala Lumpur. The bank grew rapidly to more than 150 branches within 3 years. In 1968, he bought over the Malayan Banking's Singapore properties including Goodwood Park Hotel for $50 million.