| Singapore | 29 Nov 2016 | Asia Samachar |
Singapore property veteran Karamjit Singh will be leaving real estate consultancy JLL, which bought out the company he co-founded in 2012, to pursue his own entrepreneurial interests.
Karamjit, who has been JLL’s Head of Residential, 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.
“I’d like to thank Karamjit for his great leadership over the last four years, building market leading businesses in residential land and building sales, residential leasing, and for establishing JLL’s successful partnership with PropNex,” said Chris Fossick, JLL Managing Director for Singapore and Southeast Asia in a statement today (28 Nov 2016).
“He has developed a great pipeline of talent within the team who will continue his success.”
Karamjit co-founded Credo Real Estate (Singapore) Pte. Ltd. and had served as its Managing Director.
He has years of experience in real estate consultancy, investment advisory and marketing including stints at Henry Butcher Appraisal Group, Colliers Jardine and Jones Lang LaSalle.
He holds a first-class honours degree in finance from the National University of Ireland, an Advance Diploma in Real Estate & Property Management and a Diploma in Business Administration.
Karamjit joined JLL in 2012 when it acquired his company Credo Real Estate, a market leader in residential land and collective sales, JLL said in the statement.
Deals concluded by Credo Real Estate include the S$1.338 billion Farrer Court sale in 2007, the largest collective sale in Singapore’s history. The addition of Credo Real Estate facilitated the creation of JLL’s multi-disciplinary investment sales team, helping to consolidate the firm’s position as the clear market leader in Singapore, the statement added.
“Among the headline-grabbing deals advised by JLL under Mr Singh’s leadership are the collective sales of Shunfu Ville (S$638 million), Thong Sia Building (S$380 million), Raintree Gardens (S$334 million), NOL Building (S$380 million), a portfolio of three Orchard Road residential buildings (S$190.5 million) and 9 Cuscaden Road (S$145 million). Under Mr Singh’s stewardship, JLL has achieved an 84 percent market share of major private residential land and en bloc deals in 2016,” the statement said.
In the same statement, Karamjit said: “JLL is a strong global brand with great management, capabilities and culture. Since joining forces with JLL, we’ve achieved phenomenal successes as a team and now, with the residential sales and leasing businesses firmly established, I feel comfortable to hand over the reins.”
“In my new consulting role, I look forward to supporting them in their continued growth and success.”
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Good to see a sabat surat Sikh doing well in business. All the best in your future endeavours.