When purchasing a condominium, it is crucial to also take into account the maintenance and management of the property. Condos usually come with maintenance fees that cover the maintenance of communal spaces and amenities. While these fees may increase the total cost of ownership, they also guarantee that the property maintains its condition and retains its value. Engaging the services of a property management company can assist investors in managing the daily operations of their condos, making it a more hands-off investment. Additionally, new condo launches can provide more opportunities for investors to expand their portfolio.
The Real Estate Developers’ Association of Singapore (Redas) has recently announced the formation of its new management committee for a two-year term. This decision was made at the association’s Annual General Meeting held on January 9th, where Tan Swee Yiow, the Chairman of Keppel Reit Management, was unanimously re-elected as President for a second consecutive term.
In response to his re-election, Tan expressed his gratitude, stating that he is “honored” to continue serving in this role. He also highlighted the diversity of the new management committee, which includes representatives from various sectors and with different levels of expertise within the real estate industry.
Among the committee members are Immediate Past President Chia Ngiang Hong, Group General Manager of City Developments; First Vice President Kwee Ker Wei, Director of Pontiac Land Group; Second Vice President Marc Boey, Executive Director of Project Services at Far East Organization; Honorary Secretary Chong Hock Chang, Group Director of Projects and Marketing at Ho Bee Land; Honorary Treasurer Neo Soon Hup, COO of UOL Group; Honorary Assistant Secretary Chew Peet Mun, Managing Director of Investment and Development at CapitaLand Development Singapore; and Honorary Assistant Treasurer Tho Leong Chye, Managing Director of Allgreen Properties.
Along with the announcement of the new management committee, Redas also celebrated its 65th anniversary and honored Chia Ngiang Hong with the Lifetime Achievement Award.
In response to the re-election of Tan and the formation of the new committee, Chia Ngiang Hong congratulated the members and commended Tan’s leadership, which has earned the trust of the Redas community.
Looking ahead, Tan believes that the diverse composition of the 2025/2026 Redas management committee will enable the association to drive initiatives that will have a positive impact on the wider built environment ecosystem. Some of the topics that may be addressed include the implementation of the Environmental Sustainability Grant (ESG) scheme and the use of green premiums, as well as the need for separate land zoning to meet the projected demand for senior accommodation in Singapore.