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Prominent property consultancy Edmund Tie & Company re-launched

Singapore, 1 July 2016: The relaunch of property consulting firm, Edmund Tie & Company, was announced today by the firm’s chairman, Mr Edmund Tie.

Following Cushman & Wakefield’s sale of its majority shareholding to Edmund Tie & Company Holdings, DTZ Debenham Tie Leung (SEA) Pte Ltd will henceforth operate as Edmund Tie & Company (SEA) Pte Ltd.

Edmund Tie said: “The origins of our company go back to 1995 when we created one of the first local property consulting companies owned and led by Asian leadership talent, insight and experience to compete on par with the international property firms.

We grew quickly and soon became part of a global enterprise through an alliance with

C Y Leung & Company in North Asia and DTZ Debenham Thorpe in Europe. Today, if you look across Singapore, Malaysia and Thailand’s commercial and residential skyline, you will find our positive imprint in the success of our clients.”

He continued: “The strategic decision to once again operate under the Edmund Tie & Company brand is motivated by our longstanding commitment to form a firm driven by a distinctly Asian business philosophy, yet offering international standards of expertise.

The tenets of our approach are the values of trust, integrity, collaboration and reciprocity underpinned by a responsible and professional practice that combines exceptional service with long-term sustainability. The re-establishment of Edmund Tie & Company gives us the independence to pursue this direction and goal.”

Ms Ong Choon Fah, the firm’s chief executive, added: “The outcome we are striving for is in creating real value for our clients and all stakeholders. That entails a corporate culture that constantly finds innovative ways of doing things better, leveraging systems and technologies for long-term sustainability, and striking a neat balance between economic and social objectives.

I am confident that the expertise, experience, track record and network that we have built up over the last two decades will now stand us in good stead to work towards this goal.”

Edmund Tie & Company will offer the full spectrum of real estate advisory services led by one of the most highly credentialed and experienced teams in Southeast Asia.

Under the new organizational structure, Edmund Tie – a real estate veteran with some 40 years of experience – will continue to lead the firm as chairman, with support from chief executive Ong Choon Fah, who brings broad versatility to the table with over 25 years of multidisciplinary experience. She also heads the firm’s research and consulting departments.

Equipped with 38 years’ experience and a broad skill set that includes valuation, investment sales and general management, senior advisor Mr Yam Kah Heng will furnish wide-ranging advisory expertise to all business functions.

Executive director Mr Heng Hua Thong helms the firm’s hospitality management division, holding a portfolio that includes the prestigious Treetops Executive Residences. He also oversees business operations in Thailand and Indochina.

Ms Margaret Thean will head the residential division. She also leads the associate agency, which is supported by some 1,400 associates (formerly known in the market as DTZ Property Network Pte Ltd, and now operating as Edmund Tie & Company Property Network Pte Ltd).

Buttressing the professional services are Mr Philip Leow who oversees the property management division; Ms Poh Kwee Eng, Mr Nicholas Cheng and Ms Ng Poh Chue who are jointly responsible for the valuation advisory division, with Ms Ng Poh Chue specializing in property tax advisory and statutory valuation.

The commercial and retail division covering office, industrial, retail and occupier services will be headed by Ms Chua Wei Lin.

Other key management executives in the team include: Mr Kwok Sai Kuai and Mr Paul Wong (property management); Mr Tay Hock Soon (hospitality management); Ms Hazel Ng, Ms Carolyn Teo and Mr Alden Cheong (valuation advisory); Ms Tay Pei Li (property tax advisory and statutory valuation); Dr Lee Nai Jia (research); Ms Constance Leung (consulting); Ms Swee Shou Fern and Mr Tan Chun Ming (investment advisory); Mr Gary Tan, Ms Karen Ong and Mr Eric Teng (residential); Ms Joy Tan (auction); Mr Eric Chan, Mr Edmund Toh and Mr Stephen Teo (associate agency); and senior group finance director Ms Peggy Lee.

Ong Choon Fah said: “Notwithstanding the slowing economy and a muted property market, foundations are already being laid for an eventual upswing.

The formation of the ASEAN Economic Community, of which Singapore is a member country, is expected to boost the competitiveness and connectivity of the region, leading to greater efficiencies and output. As more foreign trade agreements are being put in place, combined with an increasingly affluent population and growing middle class, Southeast Asia will become increasingly attractive to investors. As the region’s gateway city, Singapore will have a key role to play.

With challenging times comes opportunity. While crises disrupts, for those with the entrepreneurial drive to push boundaries and explore new territories, tough times are fertile ground for spectacular breakthroughs.”

Edmund Tie added: “What I envisage is a flourishing Southeast Asia stepping up to the global stage, creating significant growth potential for many industries, including real estate. At the broader level, we can anticipate a vibrant Asia spearheaded by the burgeoning economies of China and India.

In such a context, I think a uniquely Asian company like ours – having an intimate appreciation of cultural norms, local customs and business practices – will be well positioned to tap on these new business opportunities in the region.”

Staffed by some 500 professionals across Southeast Asia, Edmund Tie & Company has operations in Malaysia under affiliate companies Nawawi Tie Leung Property Consultants Sdn Bhd and Nawawi Tie Leung Real Estate Consultants Sdn Bhd; and in Thailand under subsidiary Edmund Tie & Company (Thailand) Co Ltd.

Malaysian operations are helmed by chairman Dato Muhammad Nawawi Mohd Arshad, managing director Mr Eddy Wong, and executive directors Ms Ungku Suseelawati Omar and Mr Brian Koh. Thailand operations are headed by Heng Hua Thong as managing director designate.

Negotiations are ongoing with several major international real estate services firms, which will give Edmund Tie & Company a global reach and offer a comprehensive suite of integrated property services worldwide.