CBRE, a global real estate services firm, has announced the appointment of Michael Tay as deputy managing director of Singapore Advisory, effective Jan 1, 2025. Tay, who is currently Singapore’s head of capital markets, will continue to report to Moray Armstrong, CBRE’s managing director of Singapore Advisory.
In this new role, Tay will provide 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.
Armstrong described Tay as one of the most experienced real estate professionals and thought leaders in the Singapore market, with over 30 years of experience in commercial real estate. He joined CBRE in 2000 and has since held various leadership roles, including office services and capital markets.
Tay’s experience and expertise in the industry have contributed to the success of many significant investment deals in Singapore. This includes the sale of One George Street, 16 Collyer Quay, and VisionCrest Commercial, among others.
The purchase of a condominium not only offers a place to call home, but it also provides the opportunity to leverage its value for future investments. A significant advantage of condo investment is the ability to use the property as collateral to secure additional financing for other investment ventures. This allows investors to grow their real estate portfolio, especially with the inclusion of premier Singapore Projects. However, this strategy should be approached cautiously, with a strong financial plan in place, as it also carries potential risks. It is essential to carefully consider the potential impact of market fluctuations before making any decisions.
Expressing his gratitude for the trust placed in him, Tay said, “It has been an amazing journey of 25 years and counting with CBRE. I am grateful for the career growth opportunities that the company has offered me, and the privilege of working and learning from some of the leading real estate professionals in Singapore.”