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City Developments Limited (CDL) recently announced two new senior appointments as part of its new organisational structure.
Yvonne Ong (pictured) will serve as the new CEO for commercial and lead the asset management division from 6 June. The division comprises departments involved in investment properties, namely leasing, customer care, and property and facilities management.
With over 20 years experience, Ong held various positions at CapitaLand from 2011 to 2018, most recently as head of global asset management for commercial. Prior to this, she served as head of real estate at the manager of Cambridge Industrial Trust (now ESR-REIT).
CDL also promoted its current senior vice president, head of sales and marketing, Lee Mei Ling to executive vice president, head of property development with effect from 1 June.
The newly created division will consolidate all departments involved in the development of the company’s Singapore properties, namely projects, sales and marketing, customer service as well as property and facilities management.
Lee, who joined CDL in 2004, was instrumental in the success of the company’s residential launches. Before joining CDL, she led the sales and marketing department of First Capital Corporation (now known as GuocoLand) for 10 years.
In a statement, CDL revealed that both divisions will report to CDL group general manager Chia Ngiang Hong.
Commenting on the appointments, CDL Group CEO Sherman Kwek said Ong’s expertise will be instrumental in driving the performance of CDL’s portfolio “through implementing effective leasing strategies, facilitating asset enhancement initiatives and identifying redevelopment opportunities”.
“This will enable us to optimise asset yields, boost our recurring income streams and unlock value in our assets.”
Lee, on the other hand, will focus on “improving operational efficiency and ensuring that we embrace a more customer-centric approach”.
“As we continue to expand our land bank in Singapore, I am confident that Mei Ling will help us to raise the bar with quality and innovative offerings and sharpen our product differentiation,” Kwek added.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
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