Mission:The Property
Committee is an active
forum for sharing best practices and allowing networking opportunities
for
companies in the Property sector throughout the Asia Pacific region.
The
Committee represents all sectors of Property through regular Committee
meetings
that feature a series of speakers, and development of AmCham position
papers on
relevant advocacy issues.
Industry Brief:Due to Singapore’s
relatively small geographic
size, businesses and government entities have learned to be especially
adept at
efficiently navigating the island city-state’s property sector.Singapore’s
robust tourism
industry, along with its role as a regional business hub for thousands
of multinational
companies, makes its finite development space highly sought after. In
order to
resourcefully accommodate the property demand for people visiting,
working and
living in Singapore,
the government established the Urban Redevelopment Authority in 1974 to
ensure
the best use of the country’s limited land resources. It is tasked with
urban
planning and the conservation and proper use of heritage areas.
Singapore’s property
market has been consistently
strong and its high standard of living enables firms operating in the
property
sector to seek opportunities in an area that continues to command some
of the
highest property prices in Asia.Current projections
suggest that a low
interest rate environment in the market will continue to sustain demand
for new
property launches in the foreseeable future.
Meetings: The
Committee holds monthly meetings and invites speakers to share
insights and discuss issues of concern to members. Click
here
for a list of past Property Committee meetings.