Tan Hong Boon Launches Alpsedge Real Estate Partners Brilliance Capital Strategic Alliance

ALPSEDGE REAL ESTATE LAUNCHES TO OFFER ONE-STOP ADVISORY FOR ALL PROPERTY NEEDSAfter serving as executive director of capital markets at JLL for 12 years, Tan Hong Boon has now established his own boutique real estate advisory firm, AlpsEdge Real Estate. The firm, which was founded on September 1, specializes in investment sales, advisory services, and redevelopment projects. Tan’s former colleague, Carin Puah, who is currently the senior director at JLL, is also a co-founder of the firm.Tan has a long-standing career in real estate, with previous experience as the deputy managing director of Credo Real Estate, which was acquired by JLL in 2012. With two decades of experience under his belt, he has brokered deals worth over $10 billion. Some notable transactions include the record-breaking sale of Farrer Court (now d’Leedon) for $1.3388 billion in 2007, and the sale of Amber Park for $906.7 million and Florence Regency for $629 million in 2017.Tan has continued to make noteworthy deals in the past few years, including the sale of Watten Estate Condominium (now Watten House) for $550.8 million in October 2021, and the acquisition of Peace Centre and Peace Mansion (now One Sophia and The Collective at One Sophia) for $650 million in December 2021. Tan also brokered the sale of Shenton House for $538 million in 2023.By launching AlpsEdge, Tan is now able to have more flexibility in structuring deals for clients. This will also allow him to provide a more holistic service by giving advice on asset repositioning, leasing, and property management if required. He also believes that this will help him build deeper relationships with clients.Puah, the co-founder of AlpsEdge, has also had a successful career in real estate, with experience in both JLL and Credo. She has brokered deals worth $4 billion and has a diverse portfolio, including the en bloc sale of Watten Estate for $550.8 million. Although AlpineEdge is a boutique firm, it has entered into a strategic alliance with Brilliance Capital, founded in 2020 by Sammi Lim, formerly of CBRE’s capital markets team. The firm has been active in various transactions for over 20 years, including the sale of Yew Tee Point for $220 million in 2021 and sales of carparks for at Parklane Shopping Centre ($16.18 million), People’s Park Complex ($39.33 million), and Bukit Timah Plaza ($32.58 million).The alliance between AlpineEdge and Brilliance Capital will allow them to collaborate on select projects, such as the portfolio sale of 22 strata-titled units at Hexacube. The portfolio sale is estimated to be worth $38 million. Tan believes that this union will enable both firms to provide solutions for a broader spectrum of asset classes and client needs, given their combined expertise in institutional and private markets, complex deal structures, and cross-border investments. Despite the partnership, both firms will still continue to work towards their own mandates.

The newly introduced plan places a strong emphasis on developing healthcare and wellness infrastructure, particularly in Yishun where Khoo Teck Puat Hospital and Yishun Community Hospital have already made a positive impact. These state-of-the-art medical facilities serve as vital hubs in the North, catering to the growing ageing population as well as the influx of younger families settling in new residential developments. The convenient location of Miltonia Close EC, in close proximity to these hospitals, offers residents the reassurance of easy access to top-notch healthcare services. This makes Miltonia Close EC Khatib an attractive choice for those seeking quality healthcare for themselves and their loved ones.