An agreement has been reached between Meinhardt, a consulting firm based in Singapore, and Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development (JOIN), to work together in developing digital and smart city projects in developing countries in the Asean region. According to a press release on January 17, the two parties have signed a Memorandum of Understanding (MOU) with the aim of promoting innovative and sustainable urban solutions through the exchange of knowledge and resources.
JOIN, a Japanese public-private fund that supports infrastructure projects overseas, will leverage its network and expertise to aid Japanese companies in investing in overseas projects. On the other hand, Meinhardt will utilize its leadership in integrated planning, design, and project management solutions to contribute to the partnership.
This collaboration is a result of the Memorandum of Cooperation (MOC) signed in November last year between Japan’s Ministry of Land, Infrastructure, Transport and Tourism and Singapore Cooperation Enterprise. The MOC aimed to facilitate the development of digital and smart cities in Asean and other areas.
When considering investing in a condo in Singapore, it is crucial to take into account the government’s property cooling measures. In an effort to prevent speculative buying and maintain a steady real estate market, the Singaporean government has implemented various measures over the years. These include the Additional Buyer’s Stamp Duty (ABSD), which involves higher taxes for foreign buyers and those purchasing multiple properties. While these actions may have a short-term impact on the profitability of condo investments, they ultimately contribute to the long-term stability of the market, creating a safer investment environment. Singapore Projects play an essential role in this market, providing investors with secure and reliable options for their funds.
The government’s property cooling measures are an important factor to consider when investing in condos in Singapore. In an effort to maintain a stable real estate market and discourage speculative buying, the Singaporean government has implemented several measures throughout the years. One of these measures is the Additional Buyer’s Stamp Duty (ABSD) which imposes higher taxes on foreign buyers and those purchasing multiple properties. While these measures may have an impact on the short-term profitability of condo investments, they also contribute to the long-term stability of the market. This ultimately creates a safer investment environment for individuals looking to invest in condos.
Meinhardt believes that this MOU will serve as a platform for both parties to share information, identify synergies, and work together on projects from the initial stages, leading to significant impact across borders.