Mr Kwek Leng Beng, Executive Chairman of Hong Leong Group Singapore and City Developments Limited (CDL), together with Mr Sherman Kwek, CDL’s Group Chief Executive Officer, were among the distinguished donors recognised at the official opening of the Singapore Institute of Technology’s (SIT) Punggol Campus on 16 September. In appreciation of their generous contribution towards the university’s development, they received a token of recognition from Mr Bill Chang, Chairman of the SIT Board of Trustees, and Professor Chua Kee Chaing, SIT President.

The joint endowed gift of S$24 million from Mr Kwek and CDL, one of the largest gifts received by SIT, is recognised with the naming of the Kwek Leng Beng University Tower. With a matching grant from the government, the total endowment contribution to SIT amounts to S$60 million. Housing SIT’s academic and administrative offices, the tower stands as a legacy of their strong support for education and SIT’s continued growth.

Following the presentation, Guest of Honour Prime Minister and Minister for Finance Lawrence Wong and Minister for Education and Minister-in-Charge of Social Services Integration Desmond Lee, joined the distinguished donors on stage for a group photo.

Mr Kwek Leng Beng, Executive Chairman of Hong Leong Group Singapore and CDL, said, “My heartfelt congratulations to SIT on the opening of its new Punggol Campus. With its unique location in the heart of Punggol Digital District, the campus enables students to engage closely with industry, turning education and research into practical solutions that benefit both business and society. Together with CDL, I am honoured to support this vision and to help empower students to reach their fullest potential and make a meaningful impact in Singapore and beyond.”

Mr Sherman Kwek, Group Chief Executive Officer of CDL, said, “At CDL, we believe that education is one of the most powerful investments in our future. Our partnership with Mr Kwek Leng Beng in supporting SIT reflects a shared commitment to nurturing the next generation of leaders, innovators, and changemakers. We warmly congratulate SIT on this milestone and the beginning of an exciting new chapter at this impressive campus.”

The SIT Punggol Campus represents a major milestone in Singapore’s higher education landscape. Equipped with state-of-the-art facilities and collaborative learning spaces, the campus is designed to provide students with industry-relevant education, hands-on experience, and opportunities to innovate. As a vibrant hub for research, learning, and talent development, the SIT Punggol Campus will play a pivotal role in preparing skilled professionals and forward-thinking innovators to contribute meaningfully to the nation’s development and future.

The joint S$24 million endowed gift with CDL marks the latest chapter in Chairman Kwek’s longstanding support for SIT and its mission. In 2023, he contributed S$720,000 to establish six academic initiatives at SIT, including bursaries and scholarships for its Hospitality Business undergraduates.