GuocoLand Limited is pleased to announce the promotion of Valerie Wong to the position of Managing Director of Asset Management, effective January 1st, 2023. Ms. Wong brings over 28 years of experience in asset management to the role and was instrumental in the development and completion of Guoco Tower, the Group’s flagship integrated development in Singapore. The development is strategically located and features a diverse mix of tenants, resulting in close to full occupancy and stellar rental reversions. Ms. Wong will now oversee the further development and growth of GuocoLand’s overall asset management business in its three key markets – Singapore, China and Malaysia.
In addition to Guoco Tower, GuocoLand also owns and manages 20 Collyer Quay in the CBD, with plans for the completion of their latest integrated mixed-use development, Lentor Modern. When completed, the development will feature a retail mall with over 96,000 sq ft of commercial retail space that will be accretive to the Group’s investment portfolio and recurrent income. As well, Tengah Plantation Loop EC the Group is looking forward to the completion of their second integrated mixed development in the CBD, Guoco Midtown. This new generation hybrid workplace will showcase wellness and sustainability features, and its premium Grade A office space will contribute positively to the Group’s revenue.
Cheng Hsing Yao, CEO of GuocoLand, commented on Ms. Wong’s appointment: “Valerie has played a critical role in GuocoLand’s transformation from a residential developer into a multi-platform real estate company in Singapore over the last decade. She will now play a key role in leveraging the expertise we have developed in Singapore to help strengthen our asset management capabilities and business in China and Malaysia.”
As the Group continues to strengthen and diversify their commercial components in existing developments, they are looking forward to the completion of their new integrated developments, setting the stage for GuocoLand to grow their asset management business and position the Group to capture the next wave of growth opportunities in the coming years.