SINGAPORE (EDGEPROP) - Christopher Tang, the 59-year-old CEO of Frasers Property Singapore, will retire from his appointment on Dec 31 this year, but will continue in a new role as senior advisor from Jan 1 2020. He will also serve as a director on the boards of Frasers Property (Singapore), Frasers Centrepoint Asset Management, and Frasers Commercial Asset Management.
Since joining Frasers Property in 2001, Tang has held several positions in the company, including CEO for commercial and Greater China, and CEO of Frasers Centrepoint Asset Management. He led the group’s growth into integrated developments like Changi City Point, Northpoint City, and Waterway Point. Other notable developments he has spearheaded include Frasers Tower, the group’s first Grade-A CBD office in Singapore, as well as luxury condo project Riviere.
“It has been an incredible journey being part of the Frasers Property Group growth story and leading Frasers Property Singapore has been an honour and privilege. The planned retirement reflects my personal desire to participate in the Group’s continual growth in a different leadership capacity,” says Tang.
Panote Sirivadhanabhakdi, group CEO of Frasers Property Ltd, says: “Chris’ extensive contributions, experience and detailed knowledge of our business in Singapore and of the industry, make him particularly well-suited in his Board-level capacity to continue to guide the next chapter of our Singapore operations in 2020 and beyond.”
Separately, the group also announced the formation of a new retail-focused business unit in Singapore from Oct 15 this year. The new platform will cover the asset, property, and development management of its retail assets in Singapore, representing an asset size of about $8 billion. The current head of retail & commercial at Frasers Property Singapore, Low Chee Wah, will be its CEO when it commences.
Low is currently responsible for the strategic direction and leadership for all of the company’s retail and commercial property businesses in Singapore. He is also a member of the executive committee of the REIT Association of Singapore where he chairs its professional development committee.
“We believe the focused retail platform will allow us to better serve the needs of our customers in this fast-evolving retail landscape. We are looking forward to building upon the meaningful scale of the group’s retail network while further developing our retail capabilities and leadership position for this asset class in Singapore,” says Sirivadhanabhakdi.
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