Pearl Island Developer is now owned by Singapore’s SRIF Pte Ltd.
Ximeng Land, the developer of Pearl Island, is owned by majority shareholders of Ximeng Asset Holdings Co, the parent company of Beijing Ximeng Real Estate Co, a developer of luxury building projects in Beijing, Yantai and Jinan. This is according to a December 2007 news release announcing SCPL’s award of Pearl Island to Ximeng Land.
A company search showed that Ximeng Land’s shareholders are Chinese citizens Liu Yangang, Liu Yanguo and Liu Yanqiang.
However since 2016, Ximeng Land (S) Pte Ltd has been sold to Singapore-incorporated SRIF Pte Ltd, which fully owned by Leslie Lim and Vincent Ong, the co-founders of Evia Real Estate.
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