Top level moves at developers in mainland China and Singapore lead this week’s collection of real estate people moves from around Asia Pacific as Guocoland’s CFO abruptly departs the company and Guangzhou’s Aoyuan Group puts in place a management team for one of its recent acquisitions.
Also in the news is a new hire in China Oceanwide’s Hong Kong office, a promotion at China Vanke and a set of new additions to the office leasing team at Knight Frank in Singapore.
China Aoyuan Group executive director and President Ma Jun has been named Chairman of Kinghand Industrial Investment Group, after the Shenzhen-listed real estate developer was taken over by Aoyuan in April of this year. In addition to Ma’s appointment, Aoyuan officials Jiang Nan and Xu Qunxi were both given new roles at Kinghand, with Jiang serving as Company Secretary and Xu joining as Securities Affairs Representative. Aoyuan had paid approximately RMB 1.16 billion ($166 million) to acquire a 29.99 percent stake in Kinghand.
Guocoland Chief Financial Officer Lim Yoke Tuan has resigned from his position at the Singapore-listed developer after less than two years on the job, according to an announcement by the company this past week. Lim, 56, left the company on 14 July – the same day that Guocoland made the announcement – and is now pursuing other career opportunities, according to the statement. Lim had joined the company in August 2018 from cement maker Lafarge Malaysia, and Guocoland has yet to name a replacement.
Leo Li-Yu Tang has joined China Oceanwide Holdings in Hong Kong as Head of Investment Management, according to an update to his LinkedIn profile. Li joined the mainland developer this month after more than two years as an Assistant General Manager at Huarong International Financial Holdings in Hong Kong, and the New York University graduate also has previous experience at Bank of China and Royal Bank of Scotland.
Yolander Lau has been promoted to Vice President at China Vanke in Hong Kong, according to an update to her LinkedIn profile, after spending more than three years as Senior Manager with the top three mainland developer in the city. Prior to first joining Vanke in 2017, the University of Hong Kong graduate had spent more than six years with the Hong Kong Housing Society, and also has previous experience at the Airport Authority of Hong Kong.
Former CBRE executive Wong Huey Feng joined Knight Frank in Singapore this month as Director for Occupier Services, where she will be responsible for advising clients on managing their real estate portfolios in the Asia Pacific region, according to an announcement by the company. Wong joins the property consultancy after less than two years with CBRE in Hong Kong, after having previously served with the green team in Singapore.
Elsie Oi has also joined Knight Frank’s Asia Pacific team in Singapore from CBRE, starting her duties this month as a Director of Occupier Services. In her new role at the UK-based property services firm, Oi will take responsibility for Knight Frank’s key regional accounts, after focusing on Life Science occupiers during her nearly three years at CBRE in the city. Also joining Knight Frank’s occupiers services team in Singapore is Eloise Khoo, who came on board from Colliers International as a Senior Manager.
If you know of other Asia real estate professionals changing their jobs, getting promoted or just doing something exciting, please contact us here at Mingtiandi.