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Haidilao co-founders’ family said to be buyer of 21 Collyer Quay for S$688 million

The Zhang family behind the hotpot chain has also bought at least two Good Class Bungalows over the years

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Kalpana Rashiwala

Kalpana Rashiwala

Published Fri, Nov 22, 2024 · 08:43 PM
    • The appeal of assets such as 21 Collyer Quay is not in the property yield but a prestigious location and 999-year/freehold tenure, says Alan Cheong of Savills.
    • The appeal of assets such as 21 Collyer Quay is not in the property yield but a prestigious location and 999-year/freehold tenure, says Alan Cheong of Savills. PHOTO: GOOGLE MAPS

    AN ENTITY understood to be linked to the family of the controlling shareholders of the Haidilao hotpot chain empire is said to be the new owner of 21 Collyer Quay, which was sold earlier this month for S$688 million.

    The Haidilao business was started by the husband-and-wife team of Zhang Yong and Shu Ping, along with two others: Shi Yonghong, also known as Sean Shi, and Li Haiyan.

    Zhang and Shu have a controlling interest in Haidilao International Holding and Super Hi International Holding, both listed on the Hong Kong bourse. In 2019, Shu set up a family office in Singapore, Sunrise Capital Management. She is the sole shareholder and also a director of the company.

    Singapore propertyCommercial & IndustrialSingapore offices

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