UOL names successor to Group CEO
UOL will appoint Liam Wee Sin as its Group Chief Executive with effect from January next year.
UOL has revealed the successor who will assume the role of current Group CEO Gwee Lian Kheng, 77, who is set to retire next year, revealed an SGX filing on Friday (7 Sept).
The Singapore-listed property developer announced that with effect from 2 January 2019, its current Deputy Group CEO Liam Wee Sin, 59, will replace Gwee, who will remain as a board director.
More: More Developers Think That Private Condo Prices Will Fall
Liam started working with UOL in 1993 and was promoted from his previous role of President (Property) to Deputy Group CEO in August 2015. He graduated from the National University of Singapore with a bachelor’s degree in Architecture. He is also an advocate of good building design and innovative construction technologies in Singapore’s property market.
“I would like to thank the board for the appointment and I am deeply honoured to succeed Mr Gwee, who has steered UOL through various property cycles to become a leading developer in Singapore today,” said Liam.
“Together with my team, we will continue to share the vision and drive that has guided UOL all these years to create value for our stakeholders in the fast changing business environment.”
Touted as one of the top developers, UOL has total assets amounting to nearly $20 billion. It has a portfolio of residential projects and investment properties like hotels and serviced suites across 12 countries in Asia, Oceania and North America. These include properties under the Pan Pacific and PARKROYAL brands, in addition to prime commercial assets and hotels in Singapore.
Check out the project reviews of Amber45 and The Tre Ver, two private condominiums which are being developed by UOL Group.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
