JLL today announced an update to its leadership and operational structure in Malaysia.

YY Lau, chairperson of JLL Property Services (Malaysia) Sdn. Bhd. (JLLPS), has decided to retire from her distinguished 30-year real estate career. Concurrent with the retirement of YY, JLL will enter a new strategic partnership with Appraisal Malaysia, a domestic real estate firm with over 50 years of valuations, consultancy, and advisory services expertise.

YY has led the firm’s Malaysia business since 2014 in a country head capacity with managerial oversight for all of JLL’s activities in this key market. Her retirement will become effective 31 December 2023.    

For JLL Property Services, Lau and her team have advised clients on over RM3 billion (approximately $650 million) in commercial real estate investment transactions. She was also responsible for leading over 12 million sq ft of commercial property leasing transactions across the office, retail, and logistics & industrial sectors with her experienced on-the-ground team in Malaysia.

“Malaysia’s standing as one of Asia Pacific’s most dynamic real estate markets owes much to the leadership and drive of YY. Under her stewardship, we have successfully expanded our business in Malaysia, deepened relationships with a diverse client base and laid a solid foundation for future growth. As we enter the next phase of our ongoing expansion in Malaysia, our confidence owes much to YY’s dedication to our business, our clients, and the broader real estate industry,” says Chris Fossick, CEO, Southeast Asia, JLL.

The Appraisal Malaysia partnership will be led by Jamie Tan, Managing Director, and will allow JLL to expand its brokerage services, research, and consultancy offerings to clients. The new partnership will also provide clients in Malaysia with an enhanced suite of valuation and risk advisory services. The operational leadership of JLLPS will remain consistent and transition to Appraisal Malaysia.

“Appraisal Malaysia’s track record speaks for itself and will position us strongly to provide smarter and actionable solutions for more clients in Malaysia. We’re delighted to partner to closely with Jamie, who is well known in the industry and to our client base, to further facilitate and support the business ambitions of the market in Malaysia,” says Fossick.