Savills has announced that its Singapore-based Savills Property Management business unit has merged with CKH Strata Management to establish an industry leader specialising in property, asset and facilities management.
“This is a strategic merger that offers a clear ‘win-win’ situation for both firm’s clients and staff; and see Savills complete the development of its full service platform in Singapore,” said Chris Marriott, Chief Executive of Savills South East Asia.
The merger saw Savills Singapore Pte Ltd acquire a 51 percent interest in CKH Strata Management Ltd, one of Singapore’s most respected and largest property management companies.
The newly merged entity will be known as SavillsCKH Pte Ltd and Chan Kok Hong will assume the role of Managing Director.
“It is a great pleasure and testament to my staff to be recognised as a market leader in Singapore and operate under such an established international brand, synonymous with high-end residential and commercial developments around the world,” said Chan.
“Our respective strengths definitely complement each other and will take SavillsCKH to the next level of service delivery.”
“This is a fabulous opportunity for existing clients and staff to benefit from the global systems and know how of Asia Pacific’s largest property manager with some 900 million square feet under management,” he added.
SavillsCKH will operate with other Savills agency and professional services platforms, which employs over 800 brokers and 110 staff. The new entity will operate with an additional 300 staff, servicing around 30,000 apartments and many office, retail and industrial assets under management.
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