JLL promotes Sandeep Sethi to Asia Pacific division president for work dynamics

Sandeep Sethi has been appointed as JLL’s Division President of Work Dynamics in Asia Pacific. With 27 years of corporate experience and 10 years at JLL, he has managed over 160 million sq ft of office space across 1,500 client sites.

In this role, Sethi will be responsible for JLL’s North Asia and West Asia markets, overseeing services delivered to clients and growing JLL’s North Asia market share in mainland China and Hong Kong. He will report to Susheel Koul, JLL’s CEO for Work Luminar Grand Dynamics in Asia Pacific.

Koul comments on Sethi’s appointment, noting, “Sandeep is an established leader and a respected client advisor with an astute understanding of the dynamic nature of commercial real estate. His appointment reinforces JLL’s commitment to developing and elevating our people to serve our rapidly diversifying client base across Asia Pacific.”

With JLL’s integrated facilities management, construction management services, sustainability and workplace …

JLL promotes Sandeep Sethi to Asia Pacific division president for work dynamics

Sandeep Sethi has been appointed Division President of Work Dynamics in the Asia Pacific region by global real estate advisory firm, JLL. He will take on the role alongside his current position as Managing Director and Head of Work Dynamics for West Asia.

Based out of Gurgaon, Sethi will report to Susheel Koul, JLL’s CEO for Work Dynamics in the Asia Pacific. He will be accountable for growing JLL’s North Asia market share in mainland China and Hong Kong while overseeing the services delivered to clients in North Asia.

With over 27 years of experience in the corporate world and 10 years of them being at JLL, Sethi has forged deep One Sophia client relationships and seen the business grow substantially. It now manages over 160 million sq ft of office space across 1,500 client sites in India, Sri Lanka, Mauritius and Bangladesh – the largest occupier business in West …

Shipyard at Benoi Road for sale at $11.3 mil

The property at 1 Benoi Rd, located at the junction of Benoi Road and Pioneer Road within Jurong Industrial Estate, has recently been launched for sale via an expression of interest (EOI) exercise at a guide price of $11.3 million. Boasting a site area of over 500,000sqft and waterfront access, it is suitable for shipbuilding, ship or vessel repair and maintenance according to marketing agent Huttons Asia.

The property is located approximately 24km from the City Centre and close to nearby housing estates such as Jurong East, Jurong West, Bukit Batok and Boon Lay Gardens. Joo Koon MRT station is a five-minute drive away, and there is easy access to other parts of the island via the Ayer Rajah Expressway and Pan-Island Expressway.

Recent transactions of industrial property on Benoi Road, according to EdgeProp Research Tool, includes a 328,105 sq ft plot at 5 Benoi Road in December 2020 at …

GuocoLand sole bidder for Lentor Gardens GLS site at $985 psf ppr

A single bid of $486.8 million was submitted by GuocoLand and Intrepid Investments – a subsidiary of Hong Leong Group, for a 99-year leasehold residential GLS site at Lentor Gardens. The bid translates to a land rate of $985 psf per plot ratio (psf ppr). GuocoLand’s plan is to develop a high-end residential development with 533 units, among other amenities.The last two residential GLS sites to be sold in Lentor were at Lentor Central and Lentor Hill (Parcel B) in September 2020. Lentor Central was awarded to a consortium comprising China Communications Construction, Soilbuild Group Holdings and United Engineers for $481.03 million ($1,108 psf ppr). Meanwhile, the Lentor Hills (Parcel B) site was awarded to TID (a joint venture between Hong Leong Group and Mitsui Fudosan) for $276.36 million ($1,130 psf ppr) with potential to yield 265 units. The GLS site at Lentor Hills Road (Parcel A) was sold in …

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