City Developments Limited (CDL) announced two senior appointments yesterday as part of a new organisation structure for the property giant.
Ms Yvonne Ong has been named chief executive of the commercial division from June 6. This division will include departments involved in investment properties, including leasing, property and facilities management, and customer service.
Ms Ong has held various positions at CapitaLand from 2011 to this year, most recently as head of global asset management for commercial. She was also head of real estate at the manager of Cambridge Industrial Trust, now known as ESR-Reit.
Ms Lee Mei Ling, CDL's senior vice-president and head of sales and marketing, will become executive vice-president, head of property development, from June 1.
The newly created property development division encompasses departments involved in the entire lifespan of a development for its Singapore properties. This includes sales and marketing, customer service, and property and facilities management.
Ms Lee joined CDL in 2004 and has been key to the success of its residential property launches, the company said yesterday.
Both of these divisions will report to CDL group general manager Chia Ngiang Hong.
Group CEO Sherman Kwek said Ms Ong's "expertise will be instrumental in driving the performance of our portfolio through implementing effective leasing strategies, facilitating asset enhancement initiatives and identifying redevelopment opportunities.
"This will enable us to optimise asset yields, boost our recurring income streams and unlock value in our assets".
He added that Ms Lee will focus on improving operational efficiency and "ensuring that we embrace a more customer-centric approach".
"As we continue to expand our land bank in Singapore, I am confident that Mei Ling will help us to raise the bar with quality and innovative offerings and sharpen our product differentiation," he added.