- Group Managing Director
- Ashley Wee
- Dr Steven Choo
- Managing Directors
- Zach Wilson | Projects
- Kok-Wing Tong | Retail Consultancy
- Jensen Leong | Technology
- Wallace Yeo | Tenant Rep
- Eric Ng | Consultancy
- Senior Advisors
- Philip Tan
- Dennis Tay
- Harold Tan
- David Tham
- Dr Boaz Boon
- Division Heads
- Alvin Chang | Facilities
- Jun Yamane | Japan Real Estate
HP: +65 9618 6883
Ashley Wee has over 25 years of experience in the real estate industry. He graduated from the National University of Singapore (1988) with honours in Estate Management. He founded VestAsia in year 2002 and is the Group Managing Director of VestAsia.
Ashley is responsible for the partnership relations for all VestAsia’s businesses. He is also responsible for business development for joint ventures, corporate advisory and professional services as well as tenant representation and investment transactions in Asia Pacific. Ashley spearheads several alliance partners in the US, Japan, China, India, Europe and Australia.
He was formerly director at (global joint venture) DTZ Staubach Tie Leung. Prior to that, he was a director at Jones Lang heading the Investment and International Investments Divisions.
Ashley’s capabilities include Investment Sales (capital markets) in the major cities of Asia Pacific with proven track record of transaction value totalling a few billion US$. This include acquisition of hotels, residential apartments, shopping centres, office buildings, development land, etc. Ashley is also well experienced in corporate advisory where he has represented and advised numerous international companies such as United States Government, TPG Capital, Dow Jones, etc.
He has extensive regional experience, travelled frequently and executed various assignments throughout Asia Pacific. He was also based in Colombo, Sri Lanka and Jakarta, Indonesia for several years. Ashley is currently active with business development and transaction work within Asia including Japan, UK and US as well as overseeing the growth of the VestAsia Group of companies.
Dr Steven Choo
HP: +65 9693 8806
Dr Steven Choo, Chairman of VestAsia Group Pte Ltd. has over 35 years of experience in the real estate industry including research, consulting, valuation, property management, leasing, development planning and investment appraisal in both the private and public sectors.
Effectively bilingual in both English and Mandarin, Dr Choo is well known in the industry and is frequently featured in the media for his views on local and regional property markets.
Dr Choo is a special advisor to the Real Estate Developers’ Association of Singapore (REDAS) and serves as independent director on the boards of two development companies and a real estate investment and business trust. He is also an adjunct associate professor at the Department of Real Estate, National University of Singapore, and a trainer for private bankers in real estate and REITs at the Wealth Management Institute.
A Commonwealth Scholar, Dr Choo obtained an M.Phil in Environmental Planning from the University of Nottingham (1979) after graduating from the University of Singapore in Estate Management (1974). Dr Choo holds a Ph.D in Urban Planning from the University of Washington with a Certificate of Achievement in Urban Design (1988). Dr. Choo is a member of the Tau Sigma Delta Honors Society in Architecture and Allied Arts, USA. He is an affiliate member of the Singapore Institute of Planners (SIP), a fellow of the Singapore Institute of Surveyors and Valuers (SISV), and a member of the Valuation Review Board (VRB).
Dr Choo was formerly the Malaysian country head of the CapitaLand Group and its Senior Vice President covering various portfolios in research, direct investment, and corporate development as well as the establishment of the first two REITs sponsored by the Group. Prior to CapitaLand, Dr Choo was the National Director and Head of Research and Consultancy at Jones Lang LaSalle Singapore, and Jones Lang LaSalle's Asia Pacific regional head of research. Before that, he was with Richard Ellis Property Consultants and the School of Building & Estate Management, National University of Singapore where he held several senior positions.
Apart from his tenure on the boards of JTC Corporation and the Singapore Land Authority, Dr Choo also served as the Deputy Chairman of the Economic Review Committee's Land Work Group and the inaugural International Resource Advisory Panel of One-North business park development at Buona Vista, Singapore.
Some of Dr. Choo’s recent involvements are:
- Strategic City Management consultant and steering committee member on the development of Saadiyat Island in Abu Dhabi, UAE; a 2,700 hectare state-of-the-art city, cultural and tourist district housing the world’s largest Guggenheim Museum, an iconic Louvre museum, a Gary Player designed 18-hole championship golf course and golf academy, world-class performing arts centre and concert hall, and a New York University campus.
HP: +65 9824 9604
Zach Wilson, Managing Director of Alfa Tech VestAsia Pte Ltd and Deputy Managing Director of VestAsia Group Pte Ltd, has over 10 years of experience in engineering, construction and real estate development. He specializes in clean technology, renewable energy, energy efficiency and hi-tech challenges associated with manufacturing plants, cleanrooms, data centers and medical facilities. He is adept at project execution in emerging markets, providing clients with fast, practical and effective solutions in these challenging environments. In addition to his projects in Singapore, Malaysia and China Mr. Wilson developed over 2 million square feet of mixed-use real estate projects in San Francisco prior to setting up the AlfaTech VestAsia office in Singapore.
He is a LEED (Leadership in Energy and Environmental Design) Accredited Professional, a member of CoreNet Global and the Urban Land Institute (ULI). Zach has an MS in Civil and Environmental Engineering (2005) from Stanford University and a BS in Construction Engineering Technology (2003) from Montana State University.
HP: +65 9638 2401
Kok-Wing has more than 33 years of experience in the development, marketing and management of shopping malls in Singapore, Malaysia, Indonesia, Vietnam and China. He was General Manager of three of Singapore’s largest shopping mall developers/owners . A well respected “mall veteran” in Singapore and the region, his expertise relating to all aspects of the development, marketing and management is sought after by various clients from Singapore, Malaysia, Sri Lanka , China and Vietnam. He has conducted training courses on shopping mall management for clients in Malaysia and Singapore.
Since 2009, he has been retained as Retail Consultant to a shopping mall in Skudai/Johor Baru and is now a key member of its Master Plan work team. At the same time , he is advising a Sri Lankan Developer on its mall development which will be the largest in the country. Recently, he was appointed by a Singapore department store to advise on the leasing and lease negotiation for its expansion programme.
He was President of The Association of Shopping Centres, Singapore for 4 years and a Board member of the then National Fire Prevention Council for 10 years. Together with Dr. Lynda Wee, he co-authored “ The 4R’s of Asian Shopping Centre Management” which was very well received and is used as recommended reading by the polytechnics in the retail management courses.
He holds a degree in Estate Management from the National Univeristy of Singapore , a Diploma in Marketing from the Chartered Institute of Marketing and is a member of both the Chartered Institute of Marketing and the Singapore Institute of Surveyors and Valuers.
HP: +65 9450 0512
Jensen Leong, IT Manager at Alfa Tech VestAsia Pte Ltd., is an experienced Information Technology professional and project manager. He has held technical and management positions in all areas of Information Technology industry including IT Operations, IT Outsourcing, Network Administration, Applications Development, Strategic Planning and all levels of IT Management.
Mr. Leong graduated from the National University of Singapore with a degree in Information Systems (2009).
HP: +65 9128 1234
Wallace Yeo started his real estate career in 1993 and has experience in sales and leasing of all types of properties from HDB flats to condominiums and landed houses. He specializes in investment properties such as factories, shophouses, office space, strata shop space and mixed-use developments.
In the past few years, Wallace has focused on commercial properties and spent most of his time developing and growing the tenant representation business in the group both in Singapore and regionally. He is currently a Director and Key Executive Officer of TenantCS and leads the team in best practice processes and ethics in Singapore.
Wallace holds a Bachelor of Mechanical Engineering (1993) from the Nanyang Technological University, Singapore, a Masters in Business Administration (1998) from the University of Southern California, USA and Certificate in Common Examination for Housing Agents (CEHA) (1999).
HP: +65 9796 0077
Eric Ng joined VestAsia in 2004. He was formerly Citibank's regional head managing the real estate functions in Malaysia, Indonesia, Thailand and Singapore. Prior to that, he was heading the real estate consultancy and project management departments in JLL and DTZ in Singapore, Colombo and Jakarta.
Eric is well-versed with all real estate matters and specialised in development projects. He has worked with developers, corporations and contractors in managing their real estate portfolios and construction projects over a span of 30 years. He has done work in India, China, Myanmar, Thailand and Malaysia, and has resided in Sri Lanka, Indonesia, Australia and Philippines. Most recently he spent 4 years in Vietnam managing a 110 hectares township development.
He is a graduate from the National University of Singapore with Building and Project Management qualifications.
HP: +65 9678 0504
With over 30 years in the real estate industry, Philip brings with him a wealth of knowledge and experience spanning both public and private sectors. He graduated from the National University of Singapore with a degree in Estate Management and Masters of Science (Property and Maintenance Management). He was with the Ministry of Defence for the first 11 years of his career, carrying out the master planning and development of the SAFTI Military Institute. He then joined the private sector gaining experience in valuation, marketing and conducting training for the real estate agents. In 1997, Philip joined Jurong Town Corporation (JTC) as the Deputy Director for the development of the International Business Park (at Jurong East) and Changi Business Park. He successfully secured many MNCs to set up their operations in Changi Business Park which helped the park to take off and grow to become the iconic business and technology hub for aerospace and logistics that is today.
After JTC, Philip moved on to become a Senior Regional Manager for IBM Asia Pacific responsible for planning , development and implementation of Corporate Real Estate Strategies and operations from the year 2000 to 2008. He provided leadership in support of the rapidly growing IT business in the region with a portfolio size of 13 million square feet of real estate spanning from India/South Asia to New Zealand. His principal responsibilities included Portfolio Strategy Development, Market Analysis and Risk Assessment, Lease Transactions, Space Planning and Business Process Review.
In 2008, Philip was headhunted by an executive search firm to join Northern Trust, a Chicago-based bank. As a member of the Global Leadership team, he contributed to the planning and implementation of Corporate programs including Global Metrics, Environmental Protection and Sustainability, Long Term Organization Strategic Reviews, Best Practices Processes and Communication. He led and supported the Bank’s growth strategies in Bangalore, Hong Kong, Melbourne, Manila, Seoul and Singapore. Philip’s ission was to achieve and deliver the most cost-effective occupancy real estate and other corporate services to support the Bank’s business expansion plans. In March 2015, Northern Trust promoted him and expanded his role to become the new Head of International Real Estate responsible for the Asia Pacific and Europe and Middle East regions. In this role, his achievements included the set-up of offices in Frankfurt, Amsterdam, Luxembourg and comprehensive lease structuring in Europe and Middle East.
Philip joined VestAsia in 2019 as Director (Corporate Real Estate and Advisory) to assist in the expansion of the company and promote its services in the Asia Pacific Region. He brings his extensive experience of corporate real estate, leasing and a wide array of real estate strategies and best practices across the region (Asia Pacific, Europe and Middle East) to complement the existing in-depth experience of the other Directors in our organisation which will benefit both our local and overseas clients.
HP: +65 8138 2780
Dennis Tay, Director Corporate Real Estate Services of VestAsia, has more than 30 years experience in the real estate industry. His experiences include sales and marketing, investment transactions and training. As Keppel Land’s General Manager - Marketing, he was involved in the sale and marketing of large regional township projects in China, India, Indonesia and Vietnam as well as iconic projects under the group’s portfolio – including the high-profile Marina Bay Financial Centre (MBFC) and Reflections at Keppel Bay, an iconic waterfront project.
Dennis was formerly Managing Director, CBRE Beijing and a member of the Boards for CBRE Asia Executive Committee and CBRE China Executive Committee in 2004. He worked closely with institutional investors, fund managers and overseas developers to source and facilitate cross border deals in China and within Asia. Prior to that, he was the director for investment properties in CB Richard Ellis Singapore.
Dennis joined SAEA as its CEO in 2013. During his tenure, he introduced various training initiatives and assisted in the formation of the Singapore Estate Agents Association (SEAA) in 2016, a national body to represent the estate agents and real estate salespersons’ interests in the industry. Besides investment deals flow he is concurrently expanding the training platform for real estate agents both in Singapore and ASEAN countries in Cambodia.
HP: +65 9727 0963
Harold Tan, Real Estate Advisory & Corporate Relations Director of VestAsia Group Pte Ltd., holds a wealth of expertise in international business development, P&L management, sales & marketing, joint ventures, corporate restructuring and acquisitions. He has successfully set up new business units, negotiated and developed multimillion dollar portfolios of commercial project for various top companies throughout Asia and re-structured companies in the pursuit of to increase profitability and efficiency through new business development and market penetration strategies.
Harold has carved his niche in the marketplace by ensuring that the organizations he has served remain profitable even in declining business environments or recessionary conditions. He has managed various management teams in different corporate cultures and is known to be an excellent leader, manager, marketer, negotiator and relationship builder.
Harold graduated from the National University of Singapore (1981) with an honors degree in Estate Management and went on to complete his masters degree in Business Administration from the University of Georgia (1985). After 27 years of work in the real estate industry, as General Manager or Associate Director in several companies, Harold joined the National University of Singapore to serve as Associate Professor and Director of the Real Estate Careers Center. He has left NUS and is now a Senior Advisor with VestAsia Group.
HP: +65 93683160
David Tham, Investment Advisory Director of VestAsia Group Pte Ltd, has more than 17 years of experience in the banking industry (with a focus on real estate), and another 8 years in real estate investment / management. He was with two of the major local banks undertaking real estate related financing activities - OCBC and DBS Bank. His specializations include real estate and project development financing, equity joint ventures, pre-IPOs, Mergers & Acquisitions and Capital Market issues. David obtained his Honours Bachelor Degree in Science (Estate Management) from National University of Singapore. He has acquired a deep understanding of the Singapore Real Estate and Construction industry. Besides being the advisory director of VestAsia Group, he also co-teach “Development & Project Financing” on a part-time basis in NUS‘s Master of Science (Real Estate) course.
Dr Boaz Boon
HP: +65 9824 7681
Dr Boaz Boon joined VestAsia Group in July 2016 as a Director specializing in Real Estate Advisory. He holds a Ph.D. from Cambridge University (UK). Prior to joining CapitaLand in 2001, he was an assistant professor in the Department of Real Estate (NUS. He has also spent some time in the Ministry of National Development in charge of Public Housing. He has been invited to teach and deliver papers in many institutions. Amongst them were the World Bank, International Monetary Fund and Bank for International Settlement.
REGIONAL REAL ESTATE RESEARCH
Boaz was headhunted to join Capitaland as its Senior Vice President for Strategic Research. He led the CapitaLand’s Research team covering Asia and Asia-Pacific region’s economic and real estate markets. His research supported the investment and management of CapitaLand’s over USD 50 billion AUM. He covered economic and real estate market research in China, Singapore, Malaysia, Vietnam, Thailand, Indonesia, Japan, India, UAE, Kazakhstan, Russia, and London. His research covered the residential, office, retail, serviced apartment markets, integrated resorts, industrial and logistics space, and real estates financial products like REITs and Property Funds.
Other than conducting real estate research on the regional property markets that Capitaland has a presence and emerging markets, he was also responsible for enhancing CapitaLand’s real estate and technical capabilities through the design and delivery of executive programmes under CLIMB (CapitaLand Institute of Management and Business) as well as external programmes and other platforms for real estate development & learning.
REAL ESTATE INNOVATION AND PROFESSIONAL TRAINING
He delivered a holistic and integrated approach which included forging strategic partnerships with educational institutions and bringing CapitaLand’s attention to the latest real estate innovations and thinking to the Group through news, case studies, speaker seminars and other collaborations. He effectively facilitated three signature courses within CapitaLand, i.e., RE100, Integrated Real Estate Development and Fundamentals of Real Estate for more than 10 years in South East Asia, UAE and China. To date, Boaz has trained thousands of participants in these courses. In addition, Boaz is a certified ACTA (Advanced Certificate in Training and Assessment) trainer under the Singapore Workforce Development Authority (WDA).
Boaz Boon led a team to build and manage an effective, transparent and efficient process of innovation in the multi-billion dollar multinational company - CapitaLand Group to identify strategies, business opportunities, and new technologies. He worked closely with the business units to advocate for innovation augmented by technology and develop capabilities to implement innovative initiatives which add value to CapitaLand’s stakeholders.
He was trained in Design Thinking by the Stanford University’s Jeremy Utley & Perry Klebahn in Design-Thinking. Boaz has effectively facilitated Design Thinking workshop on challenges pertaining to shoppers’ experience, office tenants’ experience, personal storage tenants’ experience, innovation catalyst events targeted at hundreds of participants ranging from managers to CEOs. He has also worked with IDEO on innovating shopping malls of the future, NUS-ISS on office of the future and delivered innovation seminars in Chinese cities like Shanghai, Beijing, Shenzhen and Guangzhou.
INNOVATIVE SOLUTIONS AND CUSTOMISED EXECUTIVE TRAINING PROGRAMMES
As part of VestAsia Group’s Real Estate Advisory team, we pleased to offer our clients a practical and unique array of expertise which now includes Boaz’s Design Thinking elements and regional expertise. Together with Dr. Steven Choo, Harold Tan, David Tham and Tong Kok Wing, we now offer high level, customized executive programmes to meet the specific needs of our clients.
Alvin has 10 years of experience in real estate and facilities management in the Asia-Pacific region. He has handled a wide range of responsibilities ranging from real estate management, space planning & utilization, operation & maintenance, program management, construction management as well as EHSS support. Among others, his key competencies include regional REFM management, technical know-how and recovery of M&E Systems, regional procurement & contracts management. He is an effective problem solver and his regional experience makes him adaptable to a wide range of work and life situations.
He used to managed the real estate and facilities operation, maintenance, engineering, programs and projects for the India, Taiwan, South Korea, Shanghai, Malaysia and Hong Kong sites which totaled 500,000 SF of offices, clean rooms, manufacturing spaces, warehouses and data centers. Alvin was also responsible for the capital and operational expenses budgeting, and master planning of plant facilities. Alvin also developed a budget, schedule and contracting strategy for business expansion and collaborated with global functions to lead real estate mergers, acquisitions and disposals for the Asia business.
Alvin overlooks and manages the facilities management business division at Alfa Tech VestAsia. His portfolio includes high tech industries, commercial buildings and data centers. His responsibilities include strategy planning for business development and managing revenue streams. Alvin assists clients in forecasts and budget management in accordance with their CAPEX and OPEX schedules and leads cost saving initiatives to meet clients’ financial targets.
HP: +65 8205 3360
Jun Yamane has 17 years of experience in the real estate industry in Japan with Mitsubishi Real Estate Services and Mitsubishi Estate group. He was in charge of investment sales for institutional investors, funds, developers, J-REITs, foreign investors and wealthy families, and handled a significant track record of office buildings, residential buildings, retail properties, hotels and development land. Also he was engaged in corporate real estate advisory service for the transaction of commercial and industrial properties, promoting the effective use of facilities, conducting retail site search and carrying out tenant representation services for local and international companies in Japan.
From 2018, Jun is assigned to Singapore to develop the real estate investment business between Singapore/ASEAN clients and Japan real estate, as well as Japan clients and Singapore/ASEAN real estate.
Jun graduated from Chuo University, Tokyo Japan, Bachelor of Laws (2001). He holds a Real Estate Transaction License in Japan, and is a Certified Master of ARES (The Association for Real Estate Securitization) and CFMJ (Certified Facility Manager of Japan).