AAM's Suggestion: The importance of facilities management in Singapore property management

AAM's Suggestion: The importance of facility management in Singapore property management

AAM recognizes the importance of Facility Management (FM) that has always been of great interest to many parties in the Singapore property management market. Singapore is an open economy, vulnerable to global pressures including the US-China trade war and rising interest rates that could hurt Singapore's growth. The Singapore government has always prioritized investment in infrastructure and the built environment so that the city is ranked among the most livable cities in the world. It is hoped that with these awards, companies will continue to invest and operate in their offices and factories in Singapore. As a result, the quality of the buildings and the facilities inside are constantly being changed to meet global standards for sustainability and livability.

AAM's Suggestion: The importance of facility management in Singapore property management

AAM's Suggestion: The importance of facilities management in Singapore property management

According to AAM , Facilities Management (FM) is a multidisciplinary profession that ensures the functioning of the built environment by integrating people, places, processes and technology. Singapore has always faced the problem of scarce land, so facilities management is an "evergreen" industry and there is always a need for human resources. With legislation on green building and energy efficiency, the industry is also in need of people with specialized skills in these niche areas.

During the Singapore property management process, joint property managers will also provide necessary services such as facilities management, which contributes to property maintenance, tenant satisfaction and increased growth. your property value. If you have questions about our services, you can preview one of AAM's successful funds - AAA Multi-Strategic Real Estate VCC. This is a portfolio diversification fund, where, with a subscription amount of USD 20 million, a dedicated sub-fund can be set up for investors to pursue the investment strategy they want with a managed account.

AAM indicates what facilities management at Singapore property management includes?

AAM wants you to have a clear understanding of Facilities Management before delving deeper into the key elements of the industry. You need to know what it is and how important it is in the current Singapore property market. As you can understand, it is the tools and services that support the function, safety and sustainability of buildings, grounds, infrastructure and real estate.

More specifically, Facilities Management helps ensure the functionality, comfort, safety and efficiency of buildings and grounds, infrastructure and real estate, including:

  1. 1. Rental management, including rental management and accounting
  2. 2. Capital project planning and management
  3. 3. Maintenance and Operation
  4. 4. Energy management
  5. 5. Accommodation and space management
  6. 6. Employee and employee experience
  7. 7. Real estate management
  8. 8. Two basic areas of facility management: Hard Facility Management (Hard FM) and Soft Facility Management (Soft FM).
    - Hard FM handles physical assets such as plumbing, wiring, elevators as well as heating and cooling.
    - Soft FM focuses on man-made tasks such as custodial services, rental accounting, catering, security and custodial.

According to AAM, there are two basic areas of facility management: Hard Facility Management (Hard FM) and Soft Facility Management (Soft FM).

According to AAM, there are two basic areas of facility management: Hard Facility Management (Hard FM) and Soft Facility Management (Soft FM).

AAM explains What is the importance of facilities management in Singapore property management?

You may not know this, but most people spend 87% of their time in buildings. In order for people to do their best work and feel engaged in their environment, they need to be in safe, welcoming and efficient buildings. Facilities management is concerned with everything around people in the facility and on the premises. Where they work, play, study and live must be comfortable, productive and sustainable. Advanced facilities management will contribute to your organization's bottom line, impacting the short- and long-term value of assets, buildings and equipment. The efforts of facilities managers can be critical to space optimization, guiding capital projects, energy management and maintenance, rental accountant with workplace experience.

Here's a look at the numbers that show the importance of facilities management in property management:

▶ 30% savings: Real estate is the second highest cost for an organization and effective space management can result in cost savings of up to 30%.

▶ Save up to 30-50%: A smart building with integrated systems can save 30-50% for existing buildings that are underperforming.

▶ 59% decrease in revenue: Companies that rank high for employee engagement have 59% less revenue, 17% more productivity, and 41% less absenteeism.

▶ 80% over budget: The average capital project is 80% over budget and 20 months behind schedule, but the application of capital project management technology can help reduce the overall cost of the project by up to 45%.

AAM believes that facilities management will help you increase property value in the Singapore property management market

AAM believes that facilities management will help you increase property value in the Singapore property management market.

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With the development of the times, technology in facilities management is only as good as people handling them. Technological advancements require that those who use these devices be trained to operate them to their full potential. Meanwhile, Singapore is always challenged by very limited labor resources. This is to spur resource owners to be more productive as Singapore positions itself as a smart nation. The FM industry is one of these industries on the path to transformation to become part of the nation's smart framework. And the growth of your property's value is also affected by the proper management of the facilities, that's the story of a management expert. We hope you will receive a lot of useful information, follow the related news below if you are interested in the Singapore property management market.

If you are interested in the market and want to understand more about Singapore property management, check out the news and suggestions that AAM has to offer today

If you are interested in the market and want to understand more about Singapore property management, check out the news and suggestions that AAM has to offer today.

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AAM is pleased to bring you the prestigious Singapore property management service with a professional facility management service package.

Across all types of properties, in every market AAM serves, our team works together across a full spectrum of integrated services to help you achieve optimal portfolio and property management. We turn scale into power, cost into performance, and assets into prosperity. We strategically position assets in the most diverse markets, through the most challenging market conditions — investing significantly each year in our service platform to deliver cutting-edge solutions. up. Continuing education helps our employees improve their industry knowledge, allowing us to attract and retain top talent. With the goal of upholding the interests of customers and providing professional services, we have received satisfaction from customers and hope you will be the next satisfied guest. Hope you have a need to invest in real estate in Singapore will want to cooperate and contact us.

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