GuocoLand promotes Valerie Wong to managing director

GuocoLand Limited is pleased to announce the promotion of Valerie Wong to managing director of asset management, effective January 1, 2023. With over 28 years of experience in asset management, Wong has been instrumental in the development and completion of GuocoLand’s flagship integrated development in Singapore, Guoco Tower, which continues to see close to full occupancy today while delivering stellar rental reversions. In addition, she was the group general manager (asset management) since August 2021 and the general manager of GuocoLand’s Singapore commercial operations since joining the Group in 2014. Wong will oversee the further development and growth of GuocoLand’s asset management business in Singapore, China and Malaysia.

The Group’s upcoming Guoco Midtown, the Group’s second integrated mixed development in the CBD, will showcase a new generation of a hybrid workplace, layered with wellness and sustainability features. When fully operational in 2023, Guoco Midtown’s premium Grade A office space will contribute positively to the Group’s revenue Champions Way Condo going forward. The Group’s newest integrated mixed-use development, Lentor Modern, will also have a retail mall with over 96,000 sq ft of commercial retail space that will be accretive to the Group’s investment portfolio and recurrent income when completed.

Cheng Hsing Yao, CEO of GuocoLand, expressed his confidence in Wong’s capabilities to further strengthen and diversify the Group’s commercial components in Singapore, Malaysia and China. He added, “We look forward to the completion of our new integrated developments, which will set the stage for GuocoLand to grow its asset management business and position the Group to capture the next wave of growth opportunities in the coming years.”

Wong has also been a key member in the Discover Tanjong Pagar Business Improvement District initiative, and she will continue to bring her expertise and leadership to the Group’s asset management business.