Henry Kwee Hian Liong, Father of the Kwee brothers, was an Indonesian textile trader and real estate developer who emigrated to Singapore in 1958. He founded Kwee Inc. Pte Ltd in 1959 and the Pontiac Land Group (PLG) in 1961. Henry Kwee passed away in 1988.
In October 2013, the Kwee brothers agreed to provide $300 million in equity, supported by an $860 million loan from a consortium of Asian banks to enable the Tower Verre development in New York City. This is PLG's first major foray outside of Singapore amidst the tightening property market on the island state. The Kwees are also redeveloping 2 of Sydney's historic sandstone buildings into a 240-room luxury hotel.
According to Forbes, the Kwee family have a net worth of $5.3 billion, as of July 2017. The Kwee brothers reside in Singapore. The family support educational causes, arts and cultural causes, social causes and humanitarian causes.
