Dear colleagues and friends,
Looking back, 2019 has been a truly spectacular year for OrangeTee & Tie. We achieved many breakthroughs: from a healthy increase in agency strength, a new benchmark in project sales to technological innovation. This is all possible only because of the hard work and dedication of everyone of you in our OrangeTee family.
As we approach the dawn of a new decade, we look towards the future with anticipation. Undoubtedly, 2020 will have its challenges but in the middle of difficulty lies opportunity. On a global level, we see signs of a return to stability with the US-China trade tensions easing, interest rate cuts, and the landslide election result gives the UK economy a Brexit certainty boost.
On our home ground, 5G networks will be rolled out in 2020, creating new opportunities across every sector as our nation transforms itself into a digital economy. In addition, MTI forecasts expect our economy to pick up modestly in 2020 and this is a very positive note.
For the property market, our view is that the buying sentiment will remain strong. The take-up of new residential units will continue to show positive results due to our sound economic fundamentals. At the same time, the demand for HDB resale flats is expected to grow after the policy changes to the Enhanced CPF Housing Grant and higher income ceiling. Overall, I believe that 2020 will be a year of opportunity for us.
2020 is also a special year for OrangeTee as we will mark our 20th anniversary. As we celebrate our success, it is also timely to start thinking about our approach to sustainability. “What are we doing about climate change? How are we going to create a positive social impact?” At OrangeTee, we are committed to improving our sustainability efforts to make the world a better place to live in (and the office a better place to work in). We look forward to your continuous support to achieve our vision together.
Wishing everyone a very happy new year.