Assessing the potential rental yield is a crucial factor to consider when contemplating a condo investment. The rental yield refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, the rental yields for condos can vary greatly depending on various factors such as location, property condition, and market demand. Prime locations near business districts or educational institutions tend to offer higher rental yields due to the high demand for rental properties. To get a better understanding of the rental potential of a specific Singapore Condo, it is advisable to conduct thorough market research and seek the advice of reputable real estate agents. By doing so, valuable insights can be gained to aid in making an informed decision.
CapitaLand Integrated Commercial Trust (CICT) has announced changes to its board of directors in a recent bourse filing on March 17. Tan Choon Siang will be taking over as CEO, while current CEO Tony Tan will be appointed as CCO of CapitaLand Development.
Effective May 1, 2025, Tan Choon Siang, who currently holds the position of deputy CEO, will assume the role of CEO and executive non-independent director. He will also be a member of the executive committee (EC). Meanwhile, Tony Tan will step down as executive non-independent director and member of the EC, and will instead serve as chief corporate officer of CapitaLand Development. Tan has been CEO and executive director of CICT since 2017.
Under Tony Tan’s leadership, CICT successfully oversaw the merger of CapitaLand Mall Trust and CapitaLand Commercial Trust in 2020. This resulted in the formation of CICT, which is now Singapore’s largest listed REIT with a market capitalization of $15.5 billion.
Taking over as CEO in 2025, Tan Choon Siang brings with him a wealth of experience. He previously managed CapitaLand Malaysia Trust since 2022 and served as the chief financial officer of the manager of CapitaLand India Trust. Before that, he held the position of Head of Corporate Finance & Treasury at Ascendas-Singbridge, which merged with CapitaLand in 2019.