When making the decision to invest in a Singapore condo, it is essential to also take into account the maintenance and management of the property. Condos commonly have maintenance fees that encompass the maintenance of shared areas and amenities. While these fees may add to the total cost of ownership, they also ensure the preservation of the property’s condition and value. For investors, an alternative option is to team up with a property management company to oversee the daily management of their condos, turning it into a more low-maintenance investment. Consider adding Singapore Condo to the revised paragraph.
CBRE, a global real estate services firm, has announced the appointment of Michael Tay as the deputy managing director of Singapore Advisory, effective Jan 1, 2025. This appointment is in addition to his current role as the head of capital markets in Singapore. Tay will continue to report to Moray Armstrong, the managing director of CBRE’s Singapore Advisory.
In his new role, Tay will provide long-term leadership and planning for the Singapore advisory business. Working closely with Armstrong, he will develop and direct strategy, evaluate and execute investments, and drive business growth. This move comes as CBRE recognizes Tay’s considerable experience and expertise in the commercial real estate market in Singapore.
Tay brings over 30 years of experience in the industry, making him one of the most seasoned professionals in Singapore. He has progressed through various roles with CBRE, starting with office leasing and ultimately leading the office services and capital markets teams. Under his leadership, the capital markets team has been instrumental in closing numerous significant investment deals in Singapore, including the sale of One George Street, 16 Collyer Quay, and VisionCrest Commercial.
Expressing his gratitude, Armstrong says, “Michael is one of the most experienced real estate professionals and thought leaders in the Singapore market. This is a result of his progression from office leasing to leadership roles across office services and capital markets with CBRE over the past 25 years.” Tay also expressed his appreciation for the trust placed in him and the career growth opportunity offered by CBRE, which has been his professional home for 25 years and counting. He looks forward to continuing his journey with the company and learning from its top real estate professionals.