Company Profile

Royale Asset Management Pte Ltd is a Singapore based wealth management company conducting real estate related and fund management activities in Singapore and Asia Pacific.

We pride ourselves on being able to offer the best investment opportunities with maximum returns and security through our years of expertise.

Our private and corporate clients benefit from global property market exposure through a traditional investment framework orchestrated by the management with more than 60 years of experience in the relevant industry.

Established in 1947; and located in the Central Business district of Singapore – Raffles Place – the Royal Group is in the real estate business and has invested in developing a wide range of properties comprising residential, serviced apartments and commercial properties that include Office Towers, Shopping Malls and Hotels. Headquartered and situated at 3 Phillips Street, the group has invested properties in Singapore, Malaysia, Indonesia; Dubai and Australia.

The founder and Chairman of the group is second generation Asok Kumar Hiranandani; who took over his father’s retail business and expanded it to 30 retail outlets in Singapore. In 1985 the focus changed to investments in Real estate and their first investment was a commercial property “The Lucky Plaza” in Orchard Road. Their return on investment was 5 times after refurbishment and a change in tenant mix. That remains the group’s anchor property to date.

Royale Asset Management’s managing partner, Mr Sameer Aswani is the son-in-law of Mr Asok Kumar.

The Right Collaboration at the Right Time


Regional Traveller

Strong demand from ASEAN neighbours with a total of 6,520,722 visitors, a 4.75% increase as compared to previous years


Attractive Yields

Hospitality boasts a year-on-year growth of 7.7%. With gazetted hotel room revenue at an estimated at $3.0 billion.


Occupancy Rates

Average Occupancy Rate (AOR) stood at a steady 87%, marking an increase of 1.2 percentage points.


International Traveller

Exponential growth in travellers to Singapore. Tourism Receipts (TR) reached $20.6 billion at the end of 2018, a 1.1% growth compared to the same period last year.


Limited Supply

Demand for hotel rooms has consistently outstripped supply, with only about 40.5% of those seeking overnight accommodation being able to do so in a hotel.

Strong Management Team

Working together with our consultants, fund managers, and staff, our managing partners helps Royale Asset Management to best serve the needs of our valued clients and provides an important leadership role in the company.

Sameer Aswani

Position: Managing Partner

Mr Sameer Aswani is the chairman of investment firm Aswani Group and is a self made multi-millionaire and entrepreneur in real estate investment. Since 2004, he made his wealth through property investment by identifying good distressed properties and have strong foresight of the property sentiments. Self taught and constantly picking up information from peers, industry experts and property news, Sameer has always been in the forefront in real estate purchase and sales. His passion and interest in real estate brought him to who he is today.

Despite his humble character, he is actually a new member of the Royal Brothers Group family where he hosted a royal wedding 13 years ago with the only daughter whom became Dimple Aswani. Since their marriage, Sameer is pretty much involved in their family niche hotel projects constructions and design work and he has personally oversaw the erection and refurbishment of Park Regis Hotel, Sofitel Hotel Sentosa, So Sofitel Hotel Robinson Road to name a few. He is also exposed to the family’s hotel investments in Malaysia (Hilton Hotel, Kuala Lumpur) and Australia (Intercontinental Hotel, Sydney). Sameer is currently managing his real estate portfolio of AUM $50 Million market value in different assets class mainly residential and commercial real estate in Singapore. His assets are currently managed by Aswani Group and enjoying a stable recurring income of some 2.5% – 6%.

Due to his rich network and foresight in real estate, Sameer is highly sought after by media, news and the press for his expert view in the real estate market movements. He is always quoted in property news and media and considered one of the guru investors in Singapore.

Sameer Aswani

Managing Partner

Mr Sameer Aswani is the chairman of investment firm Aswani...

Dato’ Prof. Dr. David Cheang

Position: Managing Partner

Career Profile
Founding Chairman and Group CEO, DC13 Group Of Companies Founding Chairman and CEO, DC13 Development Pte. Ltd. Founding Chairman and CEO, DC2 Production Pte. Ltd. Founding Chairman and CEO, Fulife Pte. Ltd. Founding Chairman and CEO, Fulife Luxury Pte. Ltd.
Founding Chairman and CEO, FulifeO2O Pte. Ltd.
Founding Chairman and CEO, Fulife Stable Pte. Ltd.
Founding Chairman and CEO, Horsey Pte. Ltd.
Founding Chairman and CEO, Skyscraper Building & Construction Pte. Ltd. CEO, SIPMM – Singapore Institute of Purchasing and Materials Management Managing Partner, Royale Asset Management Pte. Ltd.
Director, Finbridge Inc. Pte. Ltd.

Social and Community
Patron, Yew Tee Citizens’ Consultative Committee Patron, Canchan Athletic Association
President, Zone 7, St John Singapore Entrepreneurship Mentor, Temasek Polytechnic Committee Member

Awards and Accolades
Associate Professor, World Certification Institute, 2018 Doctorate of Science (Business), 2017
Teochew Entrepreneur Award 2016 Promising Award Winner JCI – Ten Outstanding Young Persons of the World Award 2015 SME ONE ASIA AWARDS 2014

Dato’ Prof. Dr. David Cheang

Managing Partner

Career Profile Founding Chairman and Group CEO, DC13 Group Of...

Shawn Tan

Position: Managing Partner

Current Chief Executive Officer, MORE Property Pte Ltd

Chief Strategist Officer, Trump Asset Management Pte Ltd

Managing Partner, Royale Asset Management Pte Ltd

Chief Investment Officer, Horsey Pte Ltd

Executive Director, MOREITS Investments Pte Ltd

1st Assistant Honorary Treasurer, Institute of Estate Agents (IEA)

Shawn is the Founder of MORE Global Holdings, with more than 18 years of experience in the real estate industry under his belt. Additionally, he is also in his 7th year as the 1st Honorary Treasurer in the Institute of Estate Association (IEA).

Prior to being the Founder and CEO of More Global Holdings, Shawn has held numerous managerial positions, such as Executive Director, Managing Partner and CEO, across several Top 10 leading real estate agencies in Singapore. During his tenure in those positions, Shawn successfully led over 1,800 real estate consultants to achieve excellent results. Today, Shawn’s insights into the real estate industry are highly sought after by The Straits Times, LianHe Zaobao, and Channel NewsAsia as well as property service providers such as PropertyGuru, iProperty, StreetSine and EdgeProp.

Shawn has been a significant stakeholder in various listed & corporate shareholdings. Over the years, he has gained substantial experience in orchestrating Real Estate Asset Management and Property Investment in Asia Pacific and Europe. His commitment to achieving excellence and success in the real estate industry has further enabled him to win the SME One Asia Awards 2014 Singapore.

Shawn Tan

Managing Partner

Current Chief Executive Officer, MORE Property Pte Ltd Chief Strategist...