Jones Lang LaSalle (JLL) has acquired DST International Property Services as part of a greater plan to increase its residential footprint in Southeast Asia.
Established in 1998, DST is a Singapore-based property services company that globally markets refurbished and new residential property, with a niche in Asia Pacific, the UK and USA.
It was founded by Doris Tan, the former director of Hill Samuel Property Services. In a span of six to seven years, DST has become a thriving company marketing UK properties in Singapore for King Sturge, which merged with JLL earlier this year.
Chris Fossick, Managing Director (Singapore and Southeast Asia) at JLL, said the latest acquisition is part of the company’s expansion plans.
The acquisition allows JLL to cover residential leasing, including corporate owners and tenants, Singapore residential project sales comprising both ad-hoc sales and project marketing, and international residential sales with a specialty in Asia Pacific, Europe and the USA.
JLL noted that the London market has been an attractive destination for Singaporeans and other Asian investors.
“London is firmly established as a destination of choice for Singapore clients,” said Peter Murray, Director of JLL London.
“Whether they purchase for their own use or as a base for their children to stay while studying, or alternatively just for yield and capital growth investment, one point is consistent: Singaporeans understand and appreciate the benefits of owning London property.”
To contact the journalist, you may send your message to editor@propertyguru.com.sg