CapitaLand Integrated Commercial Trust (CICT) has recently announced changes to its board of directors. According to an update released on March 17, Tan Choon Siang will be taking over as the new CEO of the company while current CEO, Tony Tan, will assume the role of Chief Corporate Officer (CCO) at CapitaLand Development. These changes will take effect on May 1, 2025.Tan Choon Siang is currently serving as the Deputy CEO of CICT and will be elevated to the position of CEO and Executive Non-Independent Director of the company. He will also join the Executive Committee (EC) as a member. As for Tony Tan, he will step down as Executive Non-Independent Director and EC member of CICT and take up the role of CCO at CapitaLand Development. Tony Tan has been serving as CEO and Executive Director of CICT since 2017. His leadership was instrumental in the successful merger of CapitaLand Mall Trust and CapitaLand Commercial Trust in 2020, creating Singapore’s largest listed REIT with a market capitalization of $15.5 billion.Tan Choon Siang brings with him a wealth of experience, having previously served as the manager of CapitaLand Malaysia Trust from 2012 to 2022 and as Chief Financial Officer of the manager of CapitaLand India Trust from 2022 to 2025. He has also held the position of Head of Corporate Finance & Treasury at Ascendas-Singbridge, which merged with CapitaLand in 2025.
When it comes to investing in a condominium, securing financing is a crucial step. Fortunately, Singapore offers a variety of mortgage choices. However, it is important to take into consideration the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan a borrower can take, based on their income and current debt obligations. Familiarizing oneself with the TDSR and seeking guidance from financial advisors or mortgage brokers can help investors make informed choices about their financing options and prevent excessive borrowing. If you are considering investing in a condominium in Singapore, it is recommended to consult with a financial advisor or mortgage broker to carefully navigate the TDSR framework. As Singapore Condo investments can be lucrative, it is important to make wise financing decisions to avoid overstretching one’s finances.