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Karamjit Singh to leave JLL's residential team to pursue own interests
REAL estate consultancy JLL said on Monday en bloc veteran Karamjit Singh, who has led JLL's Singapore residential team since 2012, will be leaving his position to pursue his own entrepreneurial interests.
He will continue to advise JLL and its clients on major residential capital markets transactions in his new capacity as senior consultant with effect from January 2017.
Following Mr Singh's move, Tan Hong Boon and Yong Choon Fah will take on the day-to-day running of the residential arm of the firm's Singapore capital markets business.
Chris Fossick, managing director, Singapore and Southeast Asia at JLL, thanked Mr Singh for building up the firm's businesses in residential land and building sales, residential leasing, and for establishing JLL's successful partnership with PropNex.
Mr Singh joined JLL in 2012 when the consultancy acquired his company Credo Real Estate, a market leader in residential land and collective sales. Deals concluded by Credo Real Estate include the S$1.34 billion Farrer Court sale in 2007, the largest collective sale in Singapore's history.
After that, JLL also advised several significant deals under Mr Singh's leadership, including the collective sales of Shunfu Ville (S$638 million), Thong Sia Building (S$380 million), Raintree Gardens (S$334 million) and NOL Building (S$380 million).
JLL said under Mr Singh's stewardship, the firm has clinched an 84 per cent market share of major private residential land and en bloc deals in 2016.