Head of CapitaLand Singapore's residential arm quits in latest departure at property giant

Mr Wong Heang Fine, the chief executive officer of CapitaLand's Singapore residential business, has resigned, the company said on Friday morning. -- PHOTO: ST FILE
Mr Wong Heang Fine, the chief executive officer of CapitaLand's Singapore residential business, has resigned, the company said on Friday morning. -- PHOTO: ST FILE

The chief executive officer of CapitaLand's Singapore residential business has resigned, the company said on Friday morning.

Mr Wong Heang Fine will be leaving the firm at the end of October to pursue other professional interests, said Mr Lim Ming Yan, president and group chief executive officer of CapitaLand Limited in a statement to The Straits Times. He thanked Mr Wong for his contributions. Mr Wong had been in the role for slightly over four years.

Mr Wen Khai Meng, chief executive officer of CapitaLand Singapore will be assuming Mr Wong's duties and responsibilities.

Mr Wong's resignation follows that of Mr Lim Beng Chee, chief executive officer CapitaMalls Asia, whose resignation was announced just last month.

It also comes as the firm's 1,715-unit condominium, D'Leedon, is expected to obtain its temporary occupation permit in the coming months.

The firm has also been trying to sell remaining units at its 1,040-unit The Interlace, which at the end of August had about 179 units unsold. Last month, it gave 30 of these larger units a plush makeover as part of its marketing strategy.

wrennie@sph.com.sg