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Author: leahlim   |   Latest post: Fri, 25 Sep 2020, 2:59 PM

 

[UPDATED] Post-merger, Savills to focus on growing recurring income business

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SINGAPORE (EDGEPROP) - The merger between Savills Residential, the residential project sales business of Savills Singapore, and real estate agency Huttons Asia has fortified the position of Singapore’s fourth biggest real estate agency in terms of number of brokers. The deal, according to Chris Marriott, Savills CEO for South East Asia, had been on the cards for some time. “And now, we’ve been able to construct a deal where everybody’s happy and it drives positive outcomes,” says Marriott. “It enables us to really focus on the future; to assist in building up Huttons’ business alongside Savills’.”
 
The combined entity, “Huttons — in association with Savills” will benefit from economies of scale. “It is inefficient to have two brands,” adds Marriott. “In order to be a successful residential broker today, you need to increase investment in broker numbers, talent, technology and training.”
 
 
 
 

 

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