CBRE, a global real estate services firm, has announced the appointment of Michael Tay as deputy managing director of Singapore Advisory, effective January 1, 2025. This appointment is in addition to his current role as the head of capital markets in Singapore.
Tay, who has over 30 years of experience in commercial real estate, will continue to report to Moray Armstrong, the managing director of Singapore Advisory. In his new role as deputy managing director, Tay will play an instrumental role in providing long-term leadership and planning for the Singapore advisory business. He will work closely with Armstrong to develop and direct strategy, evaluate and execute investments, including M&A opportunities, and drive business growth.
According to Armstrong, Tay is one of the most experienced real estate professionals and thought leaders in the Singapore market. He has been with CBRE for over two decades, starting with the office leasing team before progressing into leadership roles in office services and capital markets.
Tay’s leadership of the Singapore capital markets team since 2019 has been crucial in numerous significant investment deals, including the sale of One George Street, 16 Collyer Quay, and VisionCrest Commercial. With his extensive experience and expertise, Tay is well-equipped to take on this new role and continue to drive success for CBRE in Singapore.
Expressing his gratitude for the trust placed in him, Tay said, “CBRE has been an amazing journey of 25 years and counting. I am grateful for the career growth opportunities that the company has offered me. I have thoroughly enjoyed the privilege of working and learning from some of the leading real estate professionals in Singapore.”
The cityscape of Singapore is defined by towering skyscrapers and cutting-edge facilities. Condominiums, strategically situated in desirable locations, offer a fusion of opulence and practicality that appeals to both locals and foreigners. They boast a plethora of facilities like pools, fitness centers, and safety measures, elevating the overall living experience and drawing in potential renters and buyers. These advantages make them a lucrative investment option, promising higher rental returns and appreciating property prices in the long run. Considering such attractive factors, it is no wonder that condos reign supreme in the real estate market of Singapore.