7 Temasek Boulevard #29-01B, Suntec Tower One, Singapore 038987
+65 6333 9181
+65 6333 9164

Key Management

  • Chan Heng Fai
  • Jeffrey Busch
  • Chan Tung Moe
  • Charles W.S. MacKenzie
  • Conn Flanigan

Chan Heng Fai

Group CEO

Singapore eDevelopment Ltd.

An experienced veteran of entrepreneurship and business who has successfully restructured over 35 companies in different industries and countries

Outstanding experience in managing funds with an impressive track record spanning over 40 years

In 1987, Mr. Chan acquired American Pacific Bank, a U.S. full-service commercial bank, and brought it out of bankruptcy. He recapitalized, refocused and grew the bank’s operations. Under his guidance it became a NASDAQ-listed high asset quality bank, with zero loan losses for five consecutive years before it was ultimately bought and merged into Riverview Bancorp Inc. Prior to its acquisition and merger, it was ranked #13 by the Seattle Times “Annual Northwest’s Top 100 Public Companies”, ranked #6 in Oregon state, ahead of name such as Nike, Microsoft, Costco, AT&T Wireless and Amazon.com.

Successes that he as created over the years include American Pacific Bank, China Gas, Heng Fai Enterprises Limited, Global Med Technologies and Singhaiyi Group.


Jeffrey Busch


SeD Development Management, LLC USA

Former U.S. Assistant Secretary of Housing & Urban Development. Received Annual Nomination for the Nobel Peace Prize in 2003

Over 25 years of real estate experience as developer, manager and investor. He has developed properties valued at hundreds of millions of dollars in large-scale residential, commercial, hospitality, and retail projects.

20 over years of business association with holding company Heng Fai Enterprises


Chan Tung Moe

Group Chief Development Officer

Singapore eDevelopment Ltd

Currently director of the Toronto Stock Exchange – Listed RSI International System Inc.

Previously Chief Investment Office of Heng Fai Enterprises, responsible for the overall management of the Investment Division of the Group

Former Executive Director and Chief of Project Development of SGX-listed Singhaiyi Group Ltd, overseeing its property development projects worth over $1 billion Singapore Dollars.


Charles W.S. MacKenzie

Chief Development Officer

SeD Development Management LLC USA

More than 19 years of real estate experience in residential, office/flex, retail, industrial, land and redevelopment projects.

Involved in more than 42 partnerships and also as a limited partner in over 2 million square feet of office, retail and flex projects within various limited partnership.

Specializes in site selection, contract negotiations, marketing and feasibility analyses, building design construction and management oversight and investor relations.

Developed over 650,000 square feet of office and retail projects totaling more than US$80 million.


Conn Flanigan

In-house Counsel

SeD Home Inc.

Over 20 years of experience in corporate law.

General Counsel and secretary for several of HFE’s current and past US subsidiaries. Named HFE in-house Corporate Counsel in 2000 and as General Counsel in 2007

Advises on all corporate and securities matters, corporate finance and structure, debt and equity offerings, security finance and all commercial transactions, guiding contract processes.