The Real Estate Developers’ Association of Singapore (Redas) has recently elected its new management committee for a two-year term. During the Annual General Meeting held on January 9th, members have unanimously re-elected Tan Swee Yiow, Chairman of Keppel Reit Management, for his second term as President.
In his statement, Tan expresses his gratitude for the re-election and states that the new management committee is well-represented by members from various sectors, scales, and expertise in the real estate industry. The new management committee consists of 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.
Furthermore, during the REDAS 65th anniversary celebration, Chia Ngiang Hong, Immediate Past President of Redas, congratulated the new management committee on their election, praising Tan’s exemplary leadership. He believes that Tan’s re-election reflects the trust and confidence placed in him by the Redas community.
In response, Tan acknowledges the diversity of the new management committee and believes that it will contribute to driving initiatives that will have a significant impact on the built environment ecosystem. He also adds that it is a privilege to work with such a dedicated and talented team.
Some of the initiatives that the new management committee aims to drive include the implementation of the Environmental Sustainability and Governance (ESG) framework and the introduction of green premiums in the real estate industry.
Investing in a condominium in Singapore is now a top pick among both domestic and international investors, thanks to the country’s strong economy, stable political climate, and exceptional quality of life. With an abundance of options in Singapore’s real estate market, condos are a clear standout due to their convenience, amenities, and potential for profitable returns. This article will delve into the advantages, important factors to consider, and necessary steps to take when considering a condo investment in Singapore. Additionally, staying updated on new condo launches can provide valuable insights for potential investors in the city-state.
In addition to these initiatives, the REDAS-Real Estate Institute of Technology (REIT) Joint Accreditation Programme, which certifies the skills and competencies of real estate salespersons, is also a key focus for the association.
Overall, the new management committee is committed to driving positive change and promoting sustainable development in the real estate industry.
Investing in a condominium requires careful consideration not only of its overall value but also its potential rental yield. This term refers to the percentage of annual rental income compared to the purchase price of the property. In Singapore, the rental yield of condos can vary greatly depending on several factors, including location, property condition, and overall market demand. A prime location near commercial and educational hubs often results in higher rental demand and consequently, a more attractive rental yield. To accurately assess the rental potential of a specific condo, it is essential to conduct thorough market research and seek guidance from experienced real estate agents. It may also be beneficial to explore new condo launches, which may offer even greater potential rental yields. For more information on new condo launches, you can visit New Condo Launches.