Savills names new managing director of its Singapore operations

SINGAPORE - Property consultancy Savills has promoted its deputy managing director Steven Ming to managing director of its Singapore operations, it said on Monday.

Mr Ming, who has been with Savills for a decade, will also continue in his current position as head of investment sales, and will also head the residential services business.

His expanded role will put him in charge of the business space, residential sales, residential leasing, prestige homes and international residential sales businesses in Savills' Singapore office.

Mr Ming has been involved in several high-profile investment deals, including the collective sales of Hillcourt Apartments and Westwood Apartments for $361 million and $435 million respectively.

"Over the past 10 years under the Savills banner, Steven has become well recognised and highly regarded by both our local and international clients as a market leader," said Mr Chris Marriot, chief executive officer of Savills South East Asia, in a press release on Monday.

Mr Ming said: "The agency business is rapidly evolving and becoming fiercely competitive in the face of a changing market, especially on the residential sales front.

"It is my vision to see Savills develop into our client's top go-to name for investment and residential services."