Property tycoon Ng Teng Fong has died.

February 02, 2010 - Singapore

Singapore''s richest man and property tycoon, Ng Teng Fong has died at the age of 81 years old, according Channelnewsasia online.

Mr Ng, who was ranked as Singapore's richest man by Forbes magazine owned with his family, the Far East Organization and Hong Kong´s Sino Group, two well-known development companies.

According to Forbes, his family net worth was estimated at US$8 billion in 2009. He was also Hong Kong's largest real estate developers.

Far East Organisation has developed more than 700 hotels, malls and condominiums in Singapore and Hong Kong, and owns Singapore´s Fullerton Hotel.

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