Singapore real estate firms name their new heads



THERE have been several new appointments at Singapore's property firms.

Frasers Hospitality Group on Monday named Dennis Wong as director of portfolio and asset management - in charge of the group's asset management plans and enhancement initiatives to maximise investment potential and growth.

The group has a target to double its serviced residences inventory to 30,000 units over the next five years, It is also looking into rebranding and converting properties into hospitality assets, as well as ventures beyond serviced residences.

Mr Wong spent most of his career with Pan Pacific Hotels Group where he was director of performance management, leading a team of analysts in operations audits, business reviews, and feasibility and market studies.

Before joining Frasers Hospitality, Mr Wong worked with Apara Hotel Advisers as senior asset manager, responsible for client advisory services in asset management.

CBRE last Friday also announced the promotion of its research head in Singapore, Desmond Sim, to head of research in South-east Asia - an expansion of his role to take on research for all of South-east Asia.

In his new role, Mr Sim will work with the respective research teams in CBRE's South-east Asian offices to build up research capabilities on the regional platform. Meanwhile, he will retain his duties as head of Singapore research for now.

Mr Sim, who is quoted frequently by the media on his views about the property market, is a real estate industry veteran who started as an appraiser and property tax consultant. He was also part of a team which incepted and completed various private equity real estate funds in China and India. He has done research, feasibility and master planning studies in Singapore, Thailand, Indonesia, Brunei and Maldives as well.

In the three years he has been with CBRE, besides heading the Singapore research team, he was also the department's media spokesman.

Another new appointment was announced by Cushman & Wakefield on Monday: Marc Shamma'a as the strategy & workplace director for Asia-Pacific.

Based in Singapore, Mr Shamma'a will provide consultancy as well as strategic leadership and direction for the project management design teams across Asia-Pacific. He will also advise clients on workplace strategy and its impact on design and portfolio strategy, accompanied by change and communications management.

Cushman & Wakefield said that with companies in Asia-Pacific considering both cost benefits as well as people and wider organisational benefits of workplace strategy, Mr Shamma'a's expertise will help clients see the benefits of making offices great places to work to improve staff productivity and satisfaction.

"As workplace change is rolled out at a rigorous rate across Asia, it is imperative that organisations pay close attention to the change management process (too)," it added.

Source: Business Times, 21 Oct 2014