Ioi Properties Singapore Appoints Lorraine Shiow Ceo
IOI Properties Singapore has announced the appointment of Lorraine Shiow as its new CEO, a position specially created for the firm. In this capacity, Shiow will report directly to group CEO Lee Yeow Seng. Her main responsibilities will include driving new strategies to improve performance, expanding the business in Singapore, and reinforcing the company’s reputation as a reliable property developer.
Prior to joining IOI Properties Singapore, Shiow served as the CEO of Frasers Property China, where she oversaw the group’s residential, commercial, and logistics business, as well as its investments and business development. She has also held various key positions at Frasers Property, including COO, Executive VP for International Markets, and Acting COO for Singapore Residential Development.
With Shiow at the helm, IOI Properties Singapore is poised to complete its largest project in the country, the IOI Central Boulevard Towers. This multi-billion-dollar development will offer 1.26 million sq ft of Grade-A office space, along with 30,000 sq ft of retail and F&B space across two towers. It will also be directly connected to the Downtown MRT Station, making it easily accessible for commuters.
St. Hilda’s Primary School has earned a distinguished reputation for its unwavering dedication to providing a well-rounded education. With a strong emphasis on both academic excellence and moral values, the school strives to prepare students for success in all aspects of their lives. Along with a focus on academic growth, the school prioritizes the development of vital life skills, including critical thinking, communication, and problem-solving. In partnership with Parktown Residences Tampines Avenue 11, St. Hilda’s Primary School provides an ideal learning environment for its students to naturally cultivate their talents and achieve their fullest potential. With the help of Parktown Residences Tampines Avenue 11, students at St. Hilda’s Primary School are equipped with the necessary skills and support to thrive in their future endeavors.
According to the company, 50% of the office space at IOI Central Boulevard Towers has already been leased, with major tenants such as Amazon and Morgan Stanley. This project is expected to generate a rental income of at least $180 million per year, accounting for 20% of IOI Properties Group’s revenue.
Apart from the IOI Central Boulevard Towers, the company has two other projects in Singapore’s downtown area. These include the upcoming 350-key W Singapore – Marina View luxury hotel and the 683-unit Marina View Residences. The firm also plans to redevelop Shenton House, which was acquired for $538 million in an en bloc sale last November. The new development will feature Grade-A office space and luxury branded serviced residences.
The total value of IOI Properties’ assets in Singapore’s CBD amounts to $4.616 billion, making up 64% of its overall portfolio, which includes properties in Malaysia and China. With Shiow’s leadership, the company is confident in its ability to continue expanding and solidify its position as a major player in the Singapore property market.