Singapore has utilised its presence at Cityscape Dubai to showcase its growth potential to Middle East-based investors.
The country has trumpeted the city-state’s pro-business environment, high levels of transparency, strong economic fundamentals and high quality of life as key drawcards for possible investors.
Singapore Urban Redevelopment Authority director Choy Chan Pong said the country wanted to earn a slice of the reported US $13 billion that the Gulf region’s investors spent internationally on real estate last year.
“Our objective is to highlight Singapore as a viable, valuable investment option,” he said.
“We are already seeing an upsurge in interest and a number of Middle East investors targeting opportunities in Singapore.
“Being a small city-state, planning for development is critical to sustain our economic growth. Singapore adopts an integrated and long-term approach to land use planning, and this process enhances the commercial attractiveness of development and enhances real estate values.
“Investors can look forward to opportunities to realise this very exciting vision for Singapore in the next five to 10 years,” he added.
Choy said investment was not limited to physical assets, with the country’s REIT market experiencing exponential growth since the first trust launched in 2002. Singapore is now Asia’s second largest REIT market, with 18 listed on the country’s stock exchange and more in the pipeline.
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