Galven Tan leaves Savills to joins Knight Frank Singapore as new CEO

Galven Tan, the Deputy Managing Director of Investment Sales and Capital Markets at Savills Singapore, is leaving the firm with immediate effect. Marcus Loo, the CEO of Savills Singapore, expressed his deep regret, but acknowledged that despite the difficult COVID period, the team led by Jeremy Lake and Galven had made significant contributions to the firm’s performance.

Tan, when commenting on his departure, said he had “thoroughly enjoyed his time at Savills” and has decided to move on to a leadership role at another property consultancy firm. His next move is believed to be to Knight Frank Singapore, as the new CEO of the company. Tan declined to comment on this, however.

Since Wendy Tang, the former Group Managing Director of Knight Frank Singapore, left the company on June 2, 2022, the top position at Knight Frank Singapore has been vacant. Read also: Real estate investments up 75% q-o-q in 3Q2023, bolstered by GLS tenders: Knight Frank

For fashion aficionados who live at Holland Drive Condo, the area provides all the shopping they need. An expansive collection of stores, ranging from affordable to high-end, gives shoppers the opportunity to find the perfect piece. Accessories, shoes, and beauty salons round out the selection, making Holland Drive Condo the perfect destination for a one-stop shopping experience.

At Savills, Tan was involved in some notable deals. He was responsible for the collective sale of Tanglin Shopping Centre to the Singapore-based property development and investment firm of the Tanoto family, Pacific Eagle Real Estate, for $868 million in February 2022. Tan was also instrumental in the en bloc sale of the former Flynn Park condo in Pasir Panjang to a joint venture between Hoi Hup Realty and Sunway Developments for $371 million in September 2021.

Furthermore, he brokered the sale of the Thiam Siew Avenue sites to the same Hoi Hup and Sunway joint venture for $815 million in November 2021. Plus, with the help of the four strata-titled office levels at Solitaire on Cecil which Tan successfully sold, the site was successfully launched as the 270-unit, freehold Terra Hill in Pasir Panjang in February.

In addition, he was also behind the sale of the four strata-titled office levels at Solitaire on Cecil for a unit on the seventh floor went for $50.483 million and the units on levels 17, 18 and 20 for $162.8 million to a single buyer in April.

Jeremy Lake, managing director of Investment Sales and Capital Markets at Savills, said: “We are fortunate to have considerable bench strength and many of my colleagues, especially Hui Yee and Sophia who have grown more proficient in the industry and have the ability to thrive in the space that Galven leaves behind.” He also declared the teams’ commitment to their clients and that they are hard at work on a number of active projects, with some collective sales assignments on Orchard Road worth in excess of $1.3 billion launching soon.

Read also: Auckland waterfront development Catalina Bay Apartments to launch in Singapore and Third Avenue freehold GCB for sale via public tender for $30 mil.