Understanding the rules and limitations surrounding property ownership is crucial for foreign investors interested in Singapore. While purchasing condos is generally less restrictive for foreigners compared to landed properties, it’s important to note that an Additional Buyer’s Stamp Duty (ABSD) of 20% applies for their initial property purchase. Despite these extra expenses, the Singapore real estate market remains favorable for foreign investment due to its stability and potential for growth. This is evident through the multitude of Singapore projects that continue to attract overseas buyers.
Real estate consulting firm JLL has announced the appointment of James Cameron as Head of Energy and Infrastructure for Asia Pacific, for its capital markets division. The firm confirmed the creation of this new role in a press release on January 14th, with Cameron set to be based in Singapore.
In his new role, Cameron will be responsible for building a team in Asia Pacific. This move by JLL will complement its EMEA Energy & Infrastructure business, resulting in the creation of a global capital advisory capability that will better serve both local and international developers and investors.
According to JLL, this appointment aligns with the long-term capital requirements needed to facilitate the development of infrastructure and renewables to address the challenges of decarbonisation, digitalisation, economic growth, and rapid urbanisation.
Stuart Crow, JLL Asia Pacific’s CEO of capital markets, expressed his excitement about Cameron’s appointment, stating that there are significant opportunities to leverage the firm’s unique expertise in mobilising different sources of capital. He also mentioned JLL’s unmatched track record in advising renewables transactions globally.
Cameron will work closely with JLL’s capital markets, investment banking, and debt advisory teams across the region. His focus will be on sourcing capital and providing transaction advisory services for large infrastructure and renewable energy projects, catering to institutional investors, private equity firms, asset managers, strategic infrastructure and renewable operators and developers, high net-worth individuals, and family offices.
With over 25 years of experience in real asset capital markets, Cameron brings a wealth of knowledge to JLL. He previously served as the Global Head of Commercial Real Estate at Standard Chartered Bank. His expertise lies in mobilising various forms of private and public equity and financing for infrastructure projects globally and regionally.
Crow also expressed his confidence in Cameron’s ability to establish JLL’s leadership position in this exciting space through his experience and client relationships.