Real estate consultancy JLL has announced that Karamjit Singh will be leaving his position as Head of Residential to pursue his own entrepreneurial interests.

He will continue to advise JLL and its clients on major residential capital markets transactions in his new capacity as senior consultant with effect from January 2017.

Following Mr Singh’s move, Tan Hong Boon and Yong Choon Fah will take on the day-to-day running of the residential arm of the firm’s Singapore capital markets business.

Tan Hong Boon, Regional Director, and Yong Choon Fah, National Director, JLL Singapore capital markets, have each close to 30 years’ consultancy, investment sales and collective sales experience. They were both part of the management of Credo Real Estate and joined JLL with Mr Singh in 2012.

Singh joined JLL in 2012 when the consultancy acquired his company Credo Real Estate. Deals concluded by Credo Real Estate include the $1.338 billion Farrer Court sale in 2007, the largest collective sale in Singapore’s history.

JLL has also advised several significant deals under Singh’s leadership, including the collective sales of Shunfu Ville ($638 million), Thong Sia Building ($380 million), Raintree Gardens ($334 million), NOL Building ($380 million), a portfolio of three Orchard Road residential buildings ($190.5 million) and 9 Cuscaden Road ($145 million). In 2016, JLL achieved an 84% market share of major private residential land and en bloc deals.