Savills Singapore is delighted to announce the appointment of George Tan as Executive Director of Savills Residential Pte Ltd with immediate effect.
Savills Residential is Savills Singapore’s residential project marketing arm. It has grown significantly over the years to be one of the resilient players in the market and a trusted premier project marketing partner in Singapore with a track record of leading property developments such as New Futura, Artra, Victoria Park Villas and the upcoming Amber 45.
Commenting on the appointment, Marcus Loo, Managing Director of Savills Singapore said, “Under George’s leadership, the Savills Residential business has witnessed a steady growth in both profit and portfolio in the face of the challenging market conditions in the last few years. George will continue to drive the strategic transformation of the residential business, solidifying our position in the market and expanding our market share.”
Marcus added, “We are grateful for the incredible support from our clients and partners, and we will continue in providing them valuable synergies. This appointment is part of our ongoing evolution of the Savills Singapore platform and a testament of the company’s mission to become the No.1 Global Residential Brand through nurturing and hiring the best people.”
George was a key member in the founding of Savills Residential in Singapore. Having been with Savills for 12 years, he is an instrumental member of the project sales business development team and provides strategic direction for the growth of the residential business.
Residential property has always been a core activity at Savills. Savills is one of the market leaders in this field and is recognised for setting the standards in the sale, purchase and letting of high quality residential properties in Singapore and the wider Asia Pacific Region.
Commenting on his appointment, George Tan said, “I am honored to have been entrusted with the role of Executive Director at Savills Residential. I believe our committed residential sales team will thrive to outshine, accomplish new successes and become valuable partners with developers, investors and buyers alike.”
Commenting on the Singapore Residential Market, George added, “Singapore's residential market has begun its buzz and the return in buying interest may overwhelm the slate of new launches this year leading to an overspill in demand for resale properties. Prices are expected to increase 12-15% this year with much of the increase loaded into 2H/2018 when the spike in new launches are expected.”