WongPartnership LLP

Corporate Real Estate; Real Estate Investment Trusts

Dorothy Marie Ng is the Co-Head of the Corporate Real Estate Practice.

Her practice spans over three decades of the full spectrum of property and property-related matters and transactions. Her experience encompasses acquisitions, dispositions, leasing and development of land (including residential, commercial and industrial properties), sales by mortgagees and management corporations and secured financing in respect thereof, and working together with other practices, she has advised banks, co-operatives, financial institutions and corporations in bilateral loans, syndicated loans, multi-currency loans, joint ventures and developments, asset and business acquisitions, restructuring and built to suit projects. Her clients include banks, private and public corporations, funds, real estate investment trusts, individuals, partnerships and statutory boards.

Work Highlights

Significant transactions that Dorothy has been involved in include advising / acting for the following:

GrabTaxi Holdings Pte. Ltd. in connection with the development and lease of a purpose-built building (the "Building") to be built at one-north business park, Singapore, specifically for use by Grab and its various related entities. The 30-year leasehold interest for the land was obtained by HSBC Institutional Trust Services (Singapore) Limited (in its capacity as trustee of Ascendas Real Estate Investment Trust ("Ascendas REIT")) from the Jurong Town Corporation for a land premium of approximately S$84 million, and the Building will be developed and constructed by Ascendas REIT at a cost of S$181.2 million. The Central Provident Fund (CPF) Board in the sale of the CPF Building at 79 Robinson Road, Singapore, to Southernwood Property Pte. Ltd. (a company wholly-owned by the Ascendas-Singbridge group) for S$550 million. Changi Airport Group (Singapore) Pte. Ltd. in Project Jewel - a project for the development, construction, lease and management of the iconic aviation related mixed-use complex at Changi Airport, Singapore, and in the joint venture with CMA Singapore Investment (6) Pte. Ltd. for the project. JTC Corporation ("JTC") as vendor in the divestment (the first by a Singapore statutory authority) of its portfolio of ready-built industrial assets (comprising flatted factories, ramp-up and stack-up factories and multi-tenanted business park buildings) for S$1.71 billion to Mapletree Industrial Trust (a joint venture between Mapletree and Arcapita); and in phase two of JTC's divestment exercise whereby JTC sold two tranches of properties in Singapore to Soilbuild Group Holdings Ltd. and DBS Trustee Limited (as trustee of Mapletree Industrial Trust) for a total of S$688.63 million. The M+S Group Companies (which are wholly-owned subsidiaries of M+S Pte. Ltd., a joint venture company 60% owned by Khazanah Nasional Berhad and 40% owned by Temasek Holdings (Private) Limited) in the grant of up to S$5 billion loan facilities arranged by a syndicate of eight lenders, for the development of two integrated projects (which will include office, residential, hotel and retail components) in downtown Singapore located at Marina South and Ophir-Rochor.

Publications & Legal Updates

Chambers Global Practice Guides - Real Estate Singapore chapter since the 2017 – 2020 editions Getting The Deal Through - Real Estate Singapore Chapter, 2012 and 2013 editions Real Estate Finance & Investment Review 2014/15

English, Mandarin (spoken)

She has been a member of the Disciplinary Tribunal appointed by the Chief Justice under the Legal Profession Act since 1995 and is a member in the Compliance Committee, Singapore Institute of Legal Education since inception in 2011. Dorothy is also a member of the Valuation Review Board appointed by the Minister for Finance in 2021, and a member of the Panel of Adjudicators of the Law Society's Expedited Adjudication Scheme.

Admitted, 1986, Singapore Bar; 2009, Roll of Solicitors of England & Wales.