{"id":36144,"date":"2016-11-27T16:15:56","date_gmt":"2016-11-27T09:15:56","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/6-key-takeaways-from-the-real-estate-personality-of-the-year\/"},"modified":"2016-11-27T16:42:24","modified_gmt":"2016-11-27T09:42:24","slug":"6-key-takeaways-from-the-real-estate-personality-of-the-year","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/6-key-takeaways-from-the-real-estate-personality-of-the-year\/","title":{"rendered":"6 key takeaways from the Real Estate Personality of the Year"},"content":{"rendered":"


\nMr Francis Koh giving his acceptance speech for the Real Estate Personality of the Year Award. (Photo credit: Tanattha Saengmorakot)
\nFrancis Koh, the Managing Director and Group CEO of Koh Brothers Group, was named the Real Estate Personality of the Year 2016, and was presented his trophy at the Southeast Asia Property Awards, held on 24 November 2016. PropertyGuru caught up with Koh at the sidelines of the award, and we learned a few things from the man himself.
\nOne: It\u2019s not about where you come from, it\u2019s where you end up.
\nIn his acceptance speech, Koh mentioned the homes he lived in, starting out first in what he termed \u201csquatter\u201d homes during Singapore\u2019s early years, before moving to Toa Payoh, then into a HDB flat, and finally into his current home. Koh told a story of his company and his family that reflects Singapore\u2019s rise, and reminds us that hard work, passion and drive, together with the right opportunities, are key ingredients for our success in life.
\nTwo: Passion is necessary.
\nMost real estate industry insiders will tell you that Koh is a passionate and driven man. Koh told PropertyGuru that one of the key factors to the success of his enterprise is their passion to build good residences for their buyers \u2013 \u201cto build houses, then homes, then finally a lifestyle\u201d. The passion to delivery quality products is what has continued to drive himself, and the business.
\nThree: Sustainability will play a large part in developing properties.
\nWhen speaking about how homes will look like in the future, Koh mentioned that smart homes, connected appliances and apps would play a large part in how homes will change. However, as we make homes smarter, Koh also emphasized that we have to make homes greener, with features such as water conservation and solar power, areas where costs have fallen, and therefore make it more possible to include in future projects.
\nFour: It\u2019s still possible to make family businesses work.
\nFamily businesses are notorious for being difficult to manage. After all, when professional relationships get tangled with close personal relationships, like those between parent and child, or between siblings, any conflicts or issues are often exacerbated. Koh tells us that \u201cthe corporate governance involved in being a listed company helps us to run the company in a very professional way.\u201d Keeping processes transparent also means that it is clear to everyone that when rewards are given, it is based on contributions, rather than family relations.
\nFive: Selling executive condos is a long game.
\nKoh Brothers is currently developing Westwood Residences, an Executive Condo close to the Boon Lay area. However, EC transactions have been slow of late, with private condos reducing prices, while an overabundance of EC sites released by the government in the last few years meant that the market is seeing a bit of an oversupply. However, Koh assures us that ECs \u201cwon\u2019t sell very fast, but will have steady sales.\u201d Koh also remains confident in the affordability of their pricing strategy and the potential capital appreciation buyers will get to enjoy for the project.
\nSix: En blocs are possible but sellers need to be realistic.
\nWhile Koh says that en bloc sales are a possibility, there is a mismatch in expectations between buyers and sellers. \u201cThe sellers are looking at a certain price that might be above expectations, while the developers are looking for lower prices so that they can sell better\u201d, and as a result, en bloc sales will remain slow. Developers looking to collectively purchase a project are also looking at more than just the site costs alone, as they have to take into account development fees, topping up the strata lease, and the like.
\nRead more about the Southeast Asia Property Awards 2016 and its winners.
\nThis article was written by Chang Hui Chew, Content Marketing Manager for PropertyGuru Singapore.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…6 key takeaways from the Real Estate Personality of the Year<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Mr Francis Koh giving his acceptance speech for the Real Estate Personality of the Year...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-36144","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-9oY","jetpack-related-posts":[{"id":36336,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/6-key-takeaways-from-singapores-real-estate-personality-of-the-year\/","url_meta":{"origin":36144,"position":0},"title":"6 key takeaways from Singapore\u2019s Real Estate Personality of the Year","date":"November 29, 2016","format":false,"excerpt":"\r PropertyGuru caught up with Koh and learned a few things from the man of the year himself Francis Koh of Koh Brothers accepts the Real Estate Personality of the Year 2016 Francis Koh, managing director and group CEO of Koh Brothers Group Limited, was named the Real Estate Personality\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34706,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/after-29-years-with-koh-brothers-francis-koh-wins-sgs-real-estate-personality-award\/","url_meta":{"origin":36144,"position":1},"title":"After 29 years with Koh Brothers, Francis Koh wins SG\u2019s Real Estate Personality award","date":"November 17, 2016","format":false,"excerpt":"\r Francis Koh will be honoured at the 6th South East Asia Property Awards (Singapore) on 24 November 2016 Singapore\u2019s Francis Koh, managing director and group CEO of Koh Brothers Group Limited, is slated to appear at the exclusive, black-tie gala dinner of the 6th annual South East Asia Property\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":35126,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/koh-brothers-ceo-wins-real-estate-personality-award\/","url_meta":{"origin":36144,"position":2},"title":"Koh Brothers CEO wins Real Estate Personality Award","date":"November 21, 2016","format":false,"excerpt":"\r Francis Koh will be honoured for his contributions to Singapore\u2019s property sector at the South East Asia Property Awards (Singapore). Francis Koh, Managing Director and CEO of Koh Brothers Group, a Singapore-based construction and property development company, is set to receive the prestigious Real Estate Personality of the Year\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":99752,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/propertyguru-names-first-female-singapore-real-estate-personality-of-the-year\/","url_meta":{"origin":36144,"position":3},"title":"PropertyGuru names first female Singapore Real Estate Personality of the Year","date":"October 13, 2018","format":false,"excerpt":"\r SingHaiyi Group managing director Celine Tang claims the honour in 2018. By Property Report A relative newcomer in Singapore\u2019s dynamic real estate scene, Celine Tang was chosen by PropertyGuru Property Report magazine to receive the award for the 2018 Singapore Real Estate Personality of the Year. Tang,\u00a0the\u00a0group managing director\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":35806,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdl-dominates-south-east-asia-property-awards-singapore-2016\/","url_meta":{"origin":36144,"position":4},"title":"CDL dominates South East Asia Property Awards (Singapore) 2016","date":"November 25, 2016","format":false,"excerpt":"\r CDL took home the year\u2019s highest honour for Best Developer in Singapore. Property giant City Developments Limited (CDL) emerged as the big winner at the annual South East Asia Property Awards (Singapore) 2016. A total of 20 awards were handed out last night (24 November) at a glitzy gala\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":31936,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/finalists-revealed-for-south-east-asia-property-awards-singapore-2016\/","url_meta":{"origin":36144,"position":5},"title":"Finalists revealed for South East Asia Property Awards (Singapore) 2016","date":"October 28, 2016","format":false,"excerpt":"\r Some of the guests at last year\u2019s gala dinner in Singapore. The shortlist of nominees for the South East Asia Property Awards (Singapore) 2016 were announced on Thursday (27 October). Now in its sixth year, the international event is organised by PropertyGuru and presented by Hansgrohe. 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