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News Release

Singapore

New leadership for JLL’s Singapore residential business


​Singapore, 28 November 2016 – Real estate consultancy JLL today announced changes to the leadership of its Singapore residential team. Karamjit Singh, who has led the business since 2012, will be leaving his position as Head of Residential to pursue his own entrepreneurial interests. He will continue to advise JLL and its clients on major residential capital markets transactions in his new capacity as Senior Consultant with effect from January 2017.

Following Mr Singh's move, Tan Hong Boon and Yong Choon Fah will take on the day-to-day running of the highly successful residential arm of the firm's Singapore Capital Markets business.

"I'd like to thank Karamjit for his great leadership over the last four years, building market leading businesses in residential land and building sales, residential leasing, and for establishing JLL's successful partnership with PropNex. He has developed a great pipeline of talent within the team who will continue his success," says Chris Fossick, Managing Director, Singapore and Southeast Asia, JLL. "We are also extremely pleased that Karamjit has agreed to continue to advise JLL and our clients as a Senior Consultant, and wish him all the best as he takes time to pursue new ventures."

Mr Singh joined JLL in 2012 when it acquired his company Credo Real Estate, a market leader in residential land and collective sales. Deals concluded by Credo Real Estate include the S$1.338 billion Farrer Court sale in 2007, the largest collective sale in Singapore's history. The addition of Credo Real Estate facilitated the creation of JLL's multi-disciplinary investment sales team, helping to consolidate the firm's position as the clear market leader in Singapore.

Among the headline-grabbing deals advised by JLL under Mr Singh's leadership are the collective sales of Shunfu Ville (S$638 million), Thong Sia Building (S$380 million), Raintree Gardens (S$334 million), NOL Building (S$380 million), a portfolio of three Orchard Road residential buildings (S$190.5 million) and 9 Cuscaden Road (S$145 million). Under Mr Singh's stewardship, JLL has achieved an 84 percent market share of major private residential land and en bloc deals in 2016.

"JLL is a strong global brand with great management, capabilities and culture. Since joining forces with JLL, we've achieved phenomenal successes as a team and now, with the residential sales and leasing businesses firmly established, I feel comfortable to hand over the reins," says Mr Singh. "It's been a privilege working under Chris Fossick, a world-class leader, and alongside exceptional colleagues and wonderful clients, from whom I have learnt much from and will always be grateful to. In my new consulting role, I look forward to supporting them in their continued growth and success."

Tan Hong Boon, Regional Director, and Yong Choon Fah, National Director, JLL Singapore Capital Markets, have each close to 30 years' consultancy, investment sales and collective sales experience. They were both part of the management of Credo Real Estate and joined JLL with Mr Singh in 2012.

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Note to editors:

1.       Download a high resolution photo of Karamjit Singh here.