GuocoLand promotes Valerie Wong to managing director

GuocoLand Limited has announced the promotion of Valerie Wong to managing director of asset management, effective January 1, 2023. With 28 years of experience in asset management, Wong was instrumental in the development and completion of Guoco Tower, the Group’s flagship integrated development in Singapore, which has seen close to full occupancy and delivered stellar rental reversions. In the coming years, Wong will oversee the development and growth of GuocoLand’s asset management business in Singapore, China, and Malaysia. She was previously the group general manager of asset management since August 2021 and the general manager of Singapore commercial operations since joining the Group in 2014.

Wong will be responsible for overseeing the further expansion Bukit Batok EC of the Group’s property asset management business, as well as the completion of the upcoming Guoco Midtown, a new generation of hybrid workplace that will feature wellness and sustainability features. Guoco Midtown will offer premium Grade A office space, which will be accretive to the Group’s revenue when fully operational in 2023. The Group also owns and manages 20 Collyer Quay in the CBD and its latest integrated mixed-use development, Lentor Modern, will have a retail mall with over 96,000 sq ft of commercial retail space that will contribute to the Group’s recurrent income upon completion.

Cheng Hsing Yao, CEO of GuocoLand, commented, “Valerie 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 we continue to strengthen and diversify the commercial components in our existing developments in Singapore, Malaysia and China, we also look forward to the completion of our new integrated developments. This will set the stage for GuocoLand to grow its asset management business and position the Group to capture the next wave of growth opportunities in the coming years.”

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