The Board of Directors of Savills (Hong Kong) Limited (“the Company”) is pleased to announce the appointment of Cherrie Lai as Senior Director – Residential Development & Investment, with immediate effect.
With her distinguished track record, Cherrie will be an invaluable asset in the team, contributing to the further expansion of Savills’ residential business in Hong Kong. Riding on her extensive years of experience in the property development sector, Cherrie will make full use of her expertise in identifying suitable business opportunities with a high potential for Savills and providing her professional services in formulating the best real estate solutions for clients.
With Cherrie on board in Savills, Raymond Lee, Chief Executive Officer of Savills Greater China, said, “The joining of Cherrie represents a remarkable expansion of the residential development and investment capabilities of the Company. Cherrie’s impressive background and wealth of experience in the residential sector give us fresh impetus in driving our residential business and enabling Savills to go the extra mile in achieving growth. I look forward immensely to working closely with her to take Savills’ business to new heights.”
Cherrie added, “I am excited and honoured to be joining the team at Savills, a leading global real estate service provider. I look forward to taking maximum advantage of this solid foundation laid down by the Company and contributing to further expanding its residential business and delivering its sustainable growth. I would like to thank the Board members of the Company for the trust and confidence they have shown in offering me this valuable chance.”
Cherrie has been in the property development and investment industry for more than 27 years and has participated in numerous property projects in Hong Kong and Southeast Asia. Prior to joining Savills, she served in the top-tier real estate developers in Hong Kong – Hongkong Land and K. Wah International Holdings Limited. She was Head of Residential Department of Hong Kong and Southeast Asia of Hongkong Land from 2006 to 2008. She set up the consultancy firm Ameba International Limited in 2014, providing all-round property services such as strategic business planning, building design, sales and marketing and asset management for listed companies. She had delivered professional services for projects in Hong Kong and Macau with a cumulative capital sum of about HK$51 billion within six years.
Cherrie has also achieved success in multiple renowned projects in Hong Kong and Southeast Asia. These included the planning and design of the One Central Residences in Macau and the Marina Bay Residences in Singapore. The sales prices of the feature units of these two projects set record highs at the time of the sales launches; during her tenure at Hongkong Land, Cherrie participated in the planning and land administration of several commercial projects, including the podium refurbishment of Exchange Square, the building approvals for York House in the Landmark and the first successful case of application for compulsory purchase under Cap. 545 Land (Compulsory Sale for Redevelopment) Ordinance to redevelop Lai Sing Court (currently Serenade).
On the professional front, Cherrie has contributed significantly to the sustainable development of the real estate industry in Hong Kong. She participated in meetings of The Real Estate Developers Association (REDA) of Hong Kong on behalf of Hongkong Land from 2005 to 2014; she was in the Board of Directors (2013-14) of BEAM Society Limited and provided recommendations for the accreditation of environmental assessments under the BEAM Plus schemes.