George Tan, executive director of Savills Residential. (Photo: Savills)
Savills Singapore has appointed George Tan as executive director of Savills Residential – the company’s residential project marketing arm – effective immediately.
Tan has been with the firm for 12 years and was previously senior director at Savills Residential.
The move is timely, given the recent upturn in the property market, which is expected to further improve this year.
“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,” said Tan.
He added: “Prices are expected to increase 12-15 percent this year with much of the increase loaded into 2H2018 when the spike in new launches are expected.”
Savills remains active in residential property, marketing several major projects 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.”