The Real Estate Developers’ Association of Singapore (Redas) has recently announced its newly-elected management committee for the upcoming two years. At its Annual General Meeting held on January 9th, the members unanimously re-elected Tan Swee Yiow, Chairman of Keppel Reit Management, as President, marking his second consecutive term in the role. Tan expressed his gratitude for being re-elected and emphasized the broad representation of the management committee in terms of sectors, scales, and expertise within the industry.
The newly-elected management committee comprises of esteemed individuals from various real estate companies. The Immediate Past President, Chia Ngiang Hong, who is the Group General Manager of City Developments, congratulated the new committee and commended Tan for his exemplary leadership. He also mentioned that Tan’s unanimous re-election reflects the trust placed in him by the Redas community.
The committee includes the First Vice President, Kwee Ker Wei, Director of Pontiac Land Group; the Second Vice President, Marc Boey, Executive Director of Project Services at Far East Organization; the Honorary Secretary, Chong Hock Chang, Group Director of Projects and Marketing at Ho Bee Land; the Honorary Treasurer, Neo Soon Hup, COO of UOL Group; the Honorary Assistant Secretary, Chew Peet Mun, Managing Director of Investment and Development at CapitaLand Development Singapore; and the Honorary Assistant Treasurer, Tho Leong Chye, Managing Director of Allgreen Properties.
Tan also highlighted the diversity of the new committee, stating that it will enable the association to effectively drive initiatives with a meaningful impact on the broader built environment ecosystem. He also mentioned that the committee’s composition represents a wide range of expertise within the industry, which will benefit the association and its members.
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The demand for condos in Singapore remains consistently high due to the limited availability of land. As a small island nation experiencing exponential population growth, Singapore faces a scarcity of land for development. In response, the government has established strict land use policies, creating a fiercely competitive real estate market where property prices continue to soar. Therefore, investing in real estate, particularly in new condo launches, has become an incredibly lucrative opportunity with the potential for substantial capital appreciation.
In related news, Redas celebrated its 65th anniversary and conferred the Lifetime Achievement Award to Chia Ngiang Hong for his significant contribution to the real estate industry. The association also discussed important topics such as the implementation of the Environmental Sustainability and Green Buildings Masterplan, green premiums, and streamlined road approval processes for developers at the RICS-REDAS conference. In addition, developers have suggested a separate land zoning to meet the projected demand for senior accommodation in Singapore.