JLL names new head of capital markets for Singapore
Ting Lim promoted to lead team amid buoyant investment sales market
SINGAPORE, 7 August 2019 – Global real estate consultancy JLL has tapped Ting Lim to lead its Capital Markets business in Singapore. Ms Lim, who has been with JLL since 2004, will head up a team of 21 real estate experts, serving some of the world’s biggest investors, including pension funds, Singapore-based developers, major Singapore government-linked companies, sovereign wealth funds, and international investment managers.
In her new role, Ms Lim will leverage her network and experience to connect Singapore investors to cross-border investment opportunities, and will facilitate capital flows into the city state from overseas investors. Previously Executive Director, JLL Asia Pacific Capital Markets, she will continue to serve a number of the firm’s important regional clients.
During her time at JLL, Ms Lim has been involved in several landmark transactions in Singapore, including the 2019 sale of a 50 per cent interest in Frasers Tower to South Korea’s National Pension Service (US$1.5 billion); Frasers Property's acquisition of a 35 per cent interest in PGIM Asia Retail Fund (US$2.5 billion) in 2019; the sale of Asia Square Towers 1 and 2 (US$4.1 billion) in 2016 and 2017 respectively.
Based in Singapore, Ms Lim will report to Stuart Crow, CEO, JLL Asia Pacific Capital Markets, and Chris Fossick, CEO, JLL Southeast Asia.
“I’m delighted that Ting is taking on this important role in our Singapore team. At JLL we are committed to nurturing and developing our talent so it’s great to see her step up,” says Mr Crow. “Over the years, Ting has contributed to some of our most significant and long-standing client relationships in Asia Pacific and beyond. She has built up a strong reputation in the industry for her deep expertise and ability to help clients navigate some of the most complex and high value deals.”
“Asia Pacific, and specifically Singapore, continues to be an attractive market for global investors, with many of them looking to overcome the high barriers to entry through innovative structures. Ting’s international experience will bring a broader perspective to the team and further enhance our services, enabling our clients to access greater cross-border connectivity.”
Chris Fossick says, “I look forward to working closely with Ting to further grow the business, as we continue to offer our clients the best real estate investment opportunities and the highest quality advice. Singapore is a key market for JLL and continues to be a safe haven for foreign investors amid ongoing political uncertainty and market volatility.”
According to JLL research, real estate investment in Singapore nearly doubled in H1 2019 compared to the same period in 2018. Driven in part by large-scale transactions, the office sector continues to account for the largest share of investment with nearly US$4.6 billion in acquisitions so far this year compared to US$3.1 billion transacted in 2018 and US$4.7 billion in 2017.
“With the emergence of funds entering the Singapore market directly, as well as a number of joint ventures and M&As across the region, this is a signal that Asia Pacific’s real estate market is maturing,” explains Ms Lim. “I’m thrilled to be taking on this role at such an exciting time for the region and I look forward to working closely with our clients and colleagues in Asia Pacific and beyond.”
Ms Lim has a degree in Investment and Finance in Property from the University of Reading, United Kingdom.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 91,000 as of March 31, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.