Green finance and REIT culture part of Singapore’s attraction

It is clear that Singapore is moving forward fast as an Asiapac financial centre, says Thomas Veith, Partner, Global Real Estate Leader, PwC.

There are capital flows from Hong Kong and the movement of people to Singapore means residential rents and prices have increased significantly he states.

The city state also has a capital market with depth and a strong REIT culture, developed over a long period compared to Europe, and that attracts local and international investment.

“The Singapore government has identified green financing – the financing act that we have already in Europe – as a topic and they will come up with their own regime for green financing and want to transform Singapore as a financial hub for green financing in Asiapac,” Veith said.

“So, in general, there’s very positive sentiment here with fast growing investor and client bases, which is interesting.”

Please click on the video above to watch the full interview or listen to the podcast below.