- David Faulkner
- Executive Director / Valuation and Advisory Services – Asia
- Colliers International
David Faulkner is an Executive Director of Colliers International responsible for valuation and advisory services in the Asian region. He joined Colliers International in 2003 after 15 years with Insignia Brooke, and has been based in Asia for over 30 years. He has advised on a variety of major projects in Hong Kong, China and elsewhere in the Asian region including valuations, feasibility studies, development consultancy and structuring investments. He covers all the major sectors including residential, commercial, retail, industrial, hospitality and leisure. He also acts as an independent expert in making determinations in commercial rent disputes and has advised on a number of complex property valuation issues.
David is a trustee of the International Property Measurement Standards Coalition, and is also a past member of International Valuation Professional Board of the International Valuation Standards Council (IVSC); a member of the Royal Institution of Chartered Surveyors (RICS) Global Valuation Professional Group Board; a member of the ULI North Asia Council; practising member of The Academy of Experts and a member of the Best Practices Committee of the Asia Pacific Real Estate Association (APREA)
- Mr Tan Juay Hiang
- Chief Executive Officer,
- Ascendas Hospitality Fund Management Pte. Ltd. &
- Ascendas Hospitality Trust Management Pte. Ltd. (the Managers)
Mr Tan Juay Hiang is the Chief Executive Officer of Ascendas Hospitality Fund Management Pte. Ltd., the manager of Ascendas Hospitality Real Estate Investment Trust (A-HREIT) & Ascendas Hospitality Trust Management Pte. Ltd., the trustee-manager of Ascendas Hospitality Business Trust (A-HBT).
Prior to joining the Managers, Mr Tan held various positions in the Ascendas group including Senior Vice President of Real Estate Funds, Senior Vice President of New Products and Markets, and Head of Corporate Strategies, where he was involved in real estate funds raising and management, real estate investments, developments, and asset management. Mr Tan was also the fund manager for the Ascendas ASEAN Business Space Fund (the ASEAN Fund), where he was responsible for structuring the ASEAN Fund, raising US$400 million from institutional investors and deploying the capital.
During his tenure with the Ascendas group, Mr Tan amassed close to 15 years of experience in real estate industry, across multiple countries such as Singapore, Japan, China, India, Malaysia, the Philippines, Vietnam and Australia.
In 2012, Mr Tan spearheaded the initial public offering of Ascendas Hospitality Trust (A-HTRUST) (the stapled group which comprised A-HREIT and A-HBT), which was successfully listed on the Mainboard of the Singapore Stock Exchange on 27 July 2012, raising more than S$450 million from cornerstone, institutional and public investors. A-HTRUST was listed with an initial portfolio of 10 hotels across 6 cities, with an aggregate value of S$1.0 billion.
Following the listing, Mr Tan oversaw tthree acquisitions which had a total asset value in excess of S$500 million, adding Park Hotel Clarke Quay Singapore, Osaka Namba Washington Hotel Plaza and Aurora Melbourne Central to the portfolio of A-HTRUST. As at 31 March 2016, A-HTRUST portfolio has an aggregate valuation of S$1,525 million.
Mr Tan holds a Bachelor of Engineering (Honours) degree from the National University of Singapore. He also holds a Master of Business Administration from Nanyang Business School, Nanyang Technological University. He holds a Capital Market Services license issued by the Monetary Authority of Singapore.