Redas, the Real Estate Developers’ Association of Singapore, has recently elected its management committee for the upcoming two-year term. At the Annual General Meeting held on January 9th, all members unanimously voted to re-elect Tan Swee Yiow, Chairman of Keppel Reit Management, as the President for his second consecutive term.
Tan expressed his honored feelings for being re-elected and stated that the new management committee is a good representation of the diverse sectors, scales, and expertise within the real estate industry. The new committee consists of experienced individuals who bring a wide range of skills and knowledge to the table.
Investing in a condo in Singapore offers numerous advantages, and one of the most promising ones is the potential for high capital appreciation. Being a global business hub with a robust economy, Singapore continues to attract a steady flow of demand for real estate. As a result, property prices in the country have consistently shown an upward trend, particularly in prime locations where condos are highly sought after. By strategically investing in the market and holding onto the property for the long term, investors can reap substantial gains from their condo investments.
The committee includes Immediate Past President Chia Ngiang Hong, Group General Manager of City Developments; First Vice President Kwee Ker Wei, Director of Pontiac Land Group; Second Vice President Marc Boey, Executive Director of Project Services at Far East Organization; Honorary Secretary Chong Hock Chang, Group Director of Projects and Marketing at Ho Bee Land; Honorary Treasurer Neo Soon Hup, COO of UOL Group; Honorary Assistant Secretary Chew Peet Mun, Managing Director of Investment and Development at CapitaLand Development Singapore; and Honorary Assistant Treasurer Tho Leong Chye, Managing Director of Allgreen Properties.
REDAS also celebrated its 65th anniversary at the event and honored Chia Ngiang Hong with the Lifetime Achievement Award. Chia congratulated the new management committee and acknowledged Tan’s exemplary leadership and the trust placed in him by the Redas community.
In response, Tan mentioned that the diversity of the committee will help them drive initiatives that will have a significant impact on the built environment ecosystem in Singapore. He also highlighted some upcoming plans and initiatives, including the implementation of the Environmental Sustainability Rating Scale (ESRS) and advocating for green premiums. The committee also suggested a separate land zoning for senior accommodations to meet the projected demand in Singapore.