OrangeTee MD swears by real estate

OrangeTee MD swears by real estate

It is no surprise that property firm executive Steven Tan is a big believer in putting his money into bricks and mortar.

Mr Tan, 49, has bought and sold eight properties over the years so he knows the rewards - and risks - that real estate can bring.

In fact, it was a business crisis that led him to real estate in the first place. Mr Tan started his own architectural curtain wall business in 1988 and expanded to Taiwan and China.

But by 1991, China's construction sector was failing, eventually forcing the business to close in 1993. Mr Tan says: "After I liquidated my company, I still carried some debt with me. So I had to solve my financial problems.

"Partly because of my educational background in building maintenance and management, and because I had to resolve the immediate problem of personal debt, I entered the business of property, thinking that is the fastest way to make money."

He rode on the property boom of 1994 and 1995 and managed to recover his losses in just two years.

It also led to a career in property that is approaching 19 years now.

Mr Tan took on the post of managing director of property agency and consultancy OrangeTee in January last year.

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