Newmark : Announces Valuation & Advisory has Opened in Singapore

May 10, 2024 02:00 PM

Image Courtesy of Newmark (left to right): Lee Ling Ling, Nee Kai Chaang, Chris Carver, Stefanie Teo, Justin Moh

Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces the opening of its Valuation & Advisory (V&A) business in Singapore. Under the leadership of Chris Carver, MRICS, MSISV, Head of Newmark Asia Pacific (APAC) V&A, several prominent industry professionals have joined the firm:

• Nee Kai Chaang, MSISV, Executive Director and Head of Singapore, will lead the team
• Stefanie Teo, MSISV, Senior Director and Head of Mortgage Services, joins to manage the mortgage service line
• Justin Moh, Associate Director and Head of Operations, will lead business operations
• Lee Ling Ling, MSISV, joins as Associate Director

"The expansion model for our leading V&A practice is both strategic and very simple - to provide consistent service to CRE investors, lenders and advisors domiciled in dominant financial capitals across the globe," said John Busi MAI, FRICS, President, V&A. "As a testament to Newmark's commitment to continuing to establish our brand globally, our launch into Singapore brings top professionals to our best-in-class practice in the APAC region."

The recent new hires bring nearly a century of combined experience in the Singapore valuation market to Newmark, with Stefanie Teo, Justin Moh and Nee Kai Chaang joining from Cushman & Wakefield and Lee Ling Ling from Premas Valuers & Property Consultants Pte Ltd. Their expertise will help further client service across the world and amplify cross-border investment support by the growing team of top tier professionals.

"Having compiled a team of outstanding experts in the APAC region, we are eager to drive the development of our Singapore presence," said Carver. "We're excited to extend Newmark V&A's global perspective and sector expertise into Singapore, ensuring the delivery of consistent, objective and credible reporting."

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ended December 31, 2023, Newmark generated revenues of approximately $2.5 billion. As of March 31, 2024, Newmark's company-owned offices, together with its business partners, operate from approximately 170 offices with 7,600 professionals around the world. To learn more, visit nmrk.com or follow @newmark.

Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.