Managing properties with innovation and adaptability

STARING down crises and thriving through them is second nature to property and facilities management company, Exceltec Property Management Pte Ltd.

Established as a subsidiary of International Merchandising Mart (IMM) under Yaohan International Holdings to manage the building management and maintenance operation in IMM mall in 1991, Exceltec underwent a management buyout when Yaohan fell on hard times and exited Singapore during the 1997 Asian financial crisis.

Koh Hock Seng, then executive director of Exceltec, saw its potential and did a management buyout and Exceltec became an independent entity. However, that crisis was only the beginning of a long journey.