City Developments Limited (CDL) will appoint Yvonne Ong as its CEO, commercial, from June 6. She will lead the Asset Management Division comprising all departments involved in investment properties like leasing, property and facilities management, and customer service. She will spearhead new strategies to drive the performance of CDL’s global portfolio of office, retail, industrial, and residential leased assets.
Prior to joining CDL this year, Ong had been at CapitaLand from 2011 and was commercial head of global asset management. Before that, she was head of real estate at Cambridge Industrial Trust Management Limited. She is a CFA charter-holder and member of the Singapore Institute of Surveyors and Valuers. She holds a Master of Science in Applied Finance from the Singapore Management University.
Meanwhile, a new Property Development Division has been created to consolidate departments involved in developing CDL’s Singapore properties. It is led by Lee Mei Ling, who has become executive vice-president and head of property development from June 1. She was previously senior vice-president and head of sales and marketing. Her team is responsible for the entire lifespan of a development such as advising on land tenders, project design, construction, and after-sales service.
Lee has been with CDL since 2004, and was responsible for conceptualising and implementing CDL’s marketing and sales strategies for many of its residential property launches. She was previously with GuocoLand Limited, leading its marketing and sales department.