Tan Yu says he is ready to use his own money for Fuga. There is a lot of it. In the Philippines, his total property holdings of 20,000 hectares make him the country's largest landowner after the government. He holds leases on 8,000 hectares of land in China. Real estate is the best business.
Property is a consuming passion.
Tan Yu has a photographic memory when it comes to his real estate holdings. He remembers the size and cost of each lot, though he does his calculations with pencil and paper, muttering the numbers like the Chinese merchants of old. None of his companies are listed, so it is difficult to estimate Tan Yu's net worth. Ortigas is now a financial center that hosts the headquarters of the Asian Development Bank and the Philippine Stock Exchange. Daughter Elena Tanyu Coyiuto, who is in her mid-30s, is chief executive of AIC Realty.