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This story is part of the richest Forbes coverage of Singapore in 2018. See the full list here
The Great Room, a On the 18th floor of the Centennial Tower, a two-year-old workspace operator with an adjacent members-only business club offers a sumptuous view of Marina Bay and a giant Ferris wheel known as the Singapore Flyer, from Singapore's technology and startup scene, like 31-year-old Lai Chang Wen, co-founder and CEO of Ninja Van, a last-mile logistics company, and Vinnie Lauria, 38, a founding partner of the venture capital company Golden Gate Ventures
., Jaelle Ang, CEO and Co-Founder of Great Room, passes through an elegant reception area with five-star touches, including leather sofas, hand-dyed Italian carpets, paintings by Framed art, coffee shops and A concierge, who has three locations in Singapore and one in downtown Bangk ok, is preparing to open two more next year – a second in Bangkok and one in Hong Kong.
Ang, 38, a seasoned architect and ex-banker, whose family has real estate interests, started the project after having participated in a $ 1.1 billion project with a Four Seasons luxury hotel and residences, plus a Capella hotel, along the Chao Phraya River in Bangkok for the development of the Thai Development Group on whose board of directors it still sits. His marketing acumen has attracted investors, including Goldburn Group's William Chua family office, once among the 50 richest in Singapore. Ang, who was a boyfriend of Chua's two sons, Alex and Arthur, is now raising $ 110 million for future expansion by leveraging other affluent families and real estate developers she's known for. the region. "My Asian godfathers [are] are coming," said Ang smiling
inspired by his global peers such as Soho House and WeWork, who started in the United Kingdom and the United States respectively, from private clubs and teamwork. Spaces Primarily Targeting the Millennial Crowd are the latest housing wave in Singapore, supported by some of the country's wealthiest
More on Forbes: Attack by Short-Term Tech Tycoon Salesman Well Below the Wealth Threshold
1880, a private club that also offers a co-working venue, opened on the third floor of the InterContinental Singapore Robertson Quay Hotel, owned by RB Capital of Kishin RK. Kishin, 35, who is registered with his father, Raj Kumar, ninth with $ 2.7 billion, is a key investor in the club, which is the brainchild of Canadian entrepreneur Marc Nicholson. The club has more than 1,100 members, half of whom are women, and there is no hurry to recruit more. "It's about building a community because it's crucial to have the right combination of members," says Kishin
. The Clan of the Straits, a popular club located near Chinatown, has a similar philosophy. Its more than 800 members come from a wide range of fields, from arts and startups to law and finance. The co-founder of the club is Wee Teng Wen, grandson of the billionaire banker Wee Cho Yaw (# 6) and general manager of the hotel company Lo & Behold Group. The young Wee, 37, who declined to disclose how much he has invested, says he sees Straits Clan as a "unique social network."
The newcomer is Sherman Kwek, son of property magnate Kwek Leng Beng and CEO of the group. Urban developments. In July, 42-year-old junior Kwek oversaw the opening of the Singapore-based Distrii unit, a Chinese supplier of shared workspaces, to CDL's Republic Plaza office building. in the central business district. With a 62,000 square foot space, one of the first members of Distrii is BitTemple, a global blockchain incubator.
Supporting the beginnings of success is the biggest challenge of these new age companies, which derive their revenues primarily from membership fees. (The participation fee for clubs ranges from $ 1,800 to $ 3,600 and is increased by a monthly fee) and food and beverages. Madison Rooms, a private club opened in 2016 by a pair of young entrepreneurs, has recently closed. According to Kishin, weekly events such as discussions or conferences can help clubs stay relevant, but "the risk of failure is huge."
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This story is part of the Forbes coverage of the richest of Singapore in 2018. See full list here
The Great Room, an operator of two coworking spaces with an adjacent business reserved for members The club located on the 18th floor of the Centennial Tower offers sumptuous views of Marina Bay and a Ferris wheel known as Singapore Flyer, and among its members are Singapore's tech and startup stars such as Lai Chang Wen. , 31, Ninja Van, a last-mile logistics company, and Vinnie Lauria, 38, founding partner of Golden Gate Ventures, a venture capital firm
Recently, Great Room CEO and co-founder, Jaelle Ang, tra pours an elegant reception adorned with five stars, including leather sofas, Itali hand-dyed carpets, framed artwork, even barista cafes and a concierge. It reveals that the club, which has three locations in Singapore and another in downtown Bangkok, is preparing to open two more next year – a second in Bangkok and one in Hong Kong.
Ang, 38, architect and ex-banker, whose family has real estate interests, started the project after helping to develop a $ 1.1 billion project with a hotel and luxury Four Seasons residences , as well as a Capella hotel, along the Chao Phraya River in Bangkok. board of directors, she is still sitting. His marketing acumen has attracted investors, including Goldburn Group's William Chua family office, once among the 50 richest in Singapore. Ang, who was a boyfriend of Chua's two sons, Alex and Arthur, is now raising $ 110 million for future expansion by leveraging other affluent families and real estate developers she's known for. the region. "My Asian godfathers [are] are coming," said Ang smiling
inspired by his global peers such as Soho House and WeWork, who started in the United Kingdom and the United States respectively, from private clubs and teamwork. Spaces primarily targeting the Millennial crowd are the latest wave of Singapore real estate, backed by some of the country's wealthiest
More on Forbes: Attack by short-lived Tech Tycoon salesman well below the wealth threshold
1880, a private club that also offers a co-working venue, opened on the third floor of the InterContinental Singapore Robertson Quay Hotel, owned by RB Capital of Kishin RK. Kishin, 35, who is registered with his father, Raj Kumar, ninth with $ 2.7 billion, is a key investor in the club, which is the brainchild of Canadian entrepreneur Marc Nicholson. The club has more than 1,100 members, half of whom are women, and there is no hurry to recruit more. "It's about building a community because it's crucial to have the right combination of members," says Kishin
. The Clan of the Straits, a popular club located near Chinatown, has a similar philosophy. Its more than 800 members come from a wide range of fields, from arts and startups to law and finance. The co-founder of the club is Wee Teng Wen, grandson of the billionaire banker Wee Cho Yaw (# 6) and general manager of the hotel company Lo & Behold Group. The young Wee, 37, who declined to disclose how much he has invested, says he sees Straits Clan as a "unique social network."
The newcomer is Sherman Kwek, son of property magnate Kwek Leng Beng and CEO of the group. Urban developments. In July, 42-year-old junior Kwek oversaw the opening of the Singapore-based Distrii unit, a Chinese supplier of shared workspaces, to CDL's Republic Plaza office building. in the central business district. With a 62,000 square foot space, one of the first members of Distrii is BitTemple, a global blockchain incubator.
Supporting the beginnings of success is the biggest challenge of these new age companies, which derive their revenues primarily from membership fees. (The participation fee for clubs ranges from $ 1,800 to $ 3,600 and is increased by a monthly fee) and food and beverages. Madison Rooms, a private club opened in 2016 by a pair of young entrepreneurs, has recently closed. According to Kishin, weekly events such as discussions or conferences can help clubs stay relevant, but "the risk of failure is huge."
