Quek Chee Hoon retires as CEO of property group GuocoLand in February 2014 having led its growth and transformation for the past 15 years and having accumulated some 36 years of experience in investment, corporate and management activities. Under his leadership, the firm's asset base has grown from under $2.9 billion in 1999 to $9.2 billion now. For the three months to September, GuocoLand announced a nine-fold increase in earnings to $83.7 million on a 29 percent growth in revenue to $233.9 million. The group also won multiple awards during his tenure for its residential and integrated developments. In 2013, the group unveiled plans for Tanjong Pagar Centre on a land parcel it acquired in 2010 for $1.71 billion. The planned large-scale integrated development will include 1.7-million sq ft of Grade-A offices, prestigious residential apartments, a luxury business hotel, premier retail space and a sheltered event space in Tanjong Pagar City Park. Rising 290m over the Tanjong Pagar MRT Station, it will serve as a gateway to a future waterfront city. Chia Boon Kuah, current CEO of property sales and executive director at Far East Organisation, will succeed Quek, who is retiring for health reasons.