Savills acquires 51% stake in CKH Strata Management

SavillsCKH will operate with an additional 300 staff, servicing close to 30,000 apartments, and other assets.

According to a release, Savills Property Management business unit will now operate under the newly merged entity known as SavillsCKH Pte Ltd, with Mr Chan Kok Hong assuming the role of Managing Director of the merged entity.

“This is a strategic merger that offers a clear ‘win-win’ situation for both firm’s clients and staff; and see Savills complete the development of its full service platform in Singapore,” said Chris Marriott, CEO Savills South East Asia.

“It is a great pleasure and testament to my staff to be recognized as a market leader in Singapore and operate under such an established international brand, synonymous with high-end residential and commercial developments around the world. Our respective strengths definitely complement each other and will take SavillsCKH to the next level of service delivery,” commented Mr Chan Kok Hong, Managing Director of the firm.

SavillsCKH will operate in conjunction with Savills’ other agency and professional services platforms which employs over 110 staff and more than 800 brokers. SavillsCKH will operate with an additional 300 staff, servicing close to 30,000 apartments and many retail, office and industrial assets under management.