Zacd Group Announces New Appointments
Tan, Kim and Han are bringing their extensive experience in the real estate industry to ZACD and will play crucial roles in the growth of the company. As part of the company’s long-term strategy, they will work closely with the existing leadership team to drive innovation, efficiency and business expansion. The trio’s expertise and fresh perspectives will bring valuable insights to ZACD and position the company for continued success in the competitive real estate market. ZACD Group, a real estate firm listed on the Hong Kong Stock Exchange, has announced new additions to its leadership team. Taking up the role of chief operating officer (COO) and executive director is Francis Tan Puay Khiang. Joining him are Kim Jeong Jin as chief financial officer (CFO) and Han Xiangfeng as executive director. These appointments were made on June 6.Francis Tan brings with him over 14 years of experience in the real estate industry. He has been with ZACD since 2016, starting as a director in the family office of ZACD Investments. Tan was also a co-founder of real estate consultancy SLP Scotia in 2013 and was later promoted to CEO in 2019. In the following year, he assumed the role of CEO at SLP International Property Consultants. Tan is also accredited as a key executive officer on the Executive Council of the Singapore Estate Agent Association.Newly appointed CFO Kim Jeong Jin will be responsible for overseeing the financial and accounting functions of the group. Kim has prior experience as a senior analyst at National Australia Bank.Han Xiangfeng, who has over 20 years of experience in various real estate segments, joins ZACD as an executive director. He started out at the company as a director of real estate investment in 2016 and was soon promoted to executive director in 2018. In his new role, he will oversee the company’s investment management division.These key appointments are part of ZACD’s long-term strategy for growth and expansion in the competitive real estate market. The new leadership team members will work closely with the existing team to drive innovation, efficiency, and business expansion. Their extensive experience and fresh perspectives are expected to bring valuable insights to ZACD and position the company for sustained success.
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Novo Place Executive Condominium (EC) tender received significant attention, attracting a total of nine bidders competing for the site. In the end, the joint developers emerged victorious, securing the land with an astonishing bid of $348.5 million. This sets a new record for EC site land prices, with a land rate of $703 per square foot per plot ratio (psf ppr). The previous highest bid of $662 psf ppr, achieved in March 2022 at Bukit Batok West Avenue 8, has been surpassed by the Novo Place Hoi Hup developers. This remarkable success further cements their position as a leading player in the EC market.