The Real Estate Developers’ Association of Singapore (Redas) has recently selected its new management committee for the upcoming two years. In the organization’s Annual General Meeting on Jan 9, the members have unanimously re-elected the current President Tan Swee Yiow, who is also the Chairman of Keppel Reit Management. This will mark Tan’s second consecutive term as President.
Singapore’s condo investment scene is greatly affected by the government’s property cooling measures. To maintain a stable real estate market and discourage speculative buying, the Singaporean government has implemented various measures over the years. One of the key measures is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. While these measures may have an impact on the short-term profitability of Singapore condo investments, they also contribute to the overall stability of the market, creating a safer investment environment for both local and foreign investors. Singapore Condo investors should take these measures into consideration when making their investment decisions.
Re-elected Tan expressed his honor at being chosen once again and mentioned that the new management committee is a well-rounded group that brings together representatives from various sectors, scales and expertise within the industry. The newly appointed management committee includes 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.
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Chia Ngiang Hong, Immediate Past President of Redas, congratulated the new management committee and mentioned that Tan’s re-election with unanimous votes is a testament to his commendable leadership and the trust that the Redas community has placed in him. In response, Tan mentioned that the diverse composition of the 2025/2026 Redas management committee will enable the association to effectively drive initiatives that have a meaningful impact on the broader built environment ecosystem.
In related news, the topics discussed at the RICS-REDAS conference included the implementation of Environmental, Social and Corporate Governance (ESG) practices and green premiums. Additionally, the Land Transport Authority (LTA) announced measures such as an AI chatbot and streamlined road approval processes for developers. Developers have also recommended the need for separate land zoning to meet the projected demand for senior accommodation in Singapore.