CDL has appointed real estate industry veteran Ms Yvonne Ong (age 46) as its Chief Executive Officer (CEO), Commercial, with effect from 6 June 2018. Ms Ong leads the Asset Management Division, which is part of CDL’s new organisational structure to foster multidisciplinary collaboration and enhance synergies. The Division comprises all departments involved in Investment Properties, namely Leasing, Property & Facilities Management and Customer Service. Ms Ong will spearhead asset management strategies to drive the performance of CDL’s global portfolio of office, retail, industrial and residential leased assets.

With over 20 years of experience in the real estate industry, Ms Ong has held various positions at CapitaLand Limited from 2011 to 2018, most recently as Head, Global Asset Management, Commercial. Prior to joining CapitaLand, she was the Head of Real Estate at Cambridge Industrial Trust Management Limited, the Manager of Cambridge Industrial Trust (now ESR-REIT), where she was responsible for investment and asset management strategies and overseeing their property management team.

Ms Ong is a CFA charterholder and a Member of CFA Singapore. She has also been a Member of the Singapore Institute of Surveyors and Valuers since 1997 and has an Appraiser's Licence (Lands and Buildings) since 1996. She holds a Master of Science in Applied Finance from the Singapore Management University and Bachelor of Science (Estate Management) (Honours) from the National University of Singapore (NUS).

Under its new organisational structure, CDL has also created a Property Development Division that consolidates all departments involved in the development of CDL’s Singapore properties, namely Projects, Sales & Marketing, Customer Service and Property & Facilities Management. This Division is responsible for the entire life-span of a development project, from advising on land tenders to innovating project design, managing the construction phase, and providing after-sales service. With effect from 1 June 2018, Ms Lee Mei Ling (age 53), who was CDL’s Senior Vice President, Head of Sales & Marketing, was promoted to Executive Vice President, Head of Property Development.

Ms Lee joined CDL in 2004 and has been instrumental in the success of the Group’s residential property launches. She is responsible for conceptualising and implementing the marketing and sales strategies, maintaining CDL’s leadership as one of Singapore’s top-selling property developers.

Prior to joining CDL, Ms Lee was with First Capital Corporation Ltd (now known as GuocoLand Limited) for 10 years, leading their marketing and sales department. She holds a Bachelor of Science (Estate Management) (Honours) from NUS.

Both Divisions report to Mr Chia Ngiang Hong, CDL Group General Manager.