Internationalisation of real estate sector is key for boosting economy, according to Yuri Shi Ming, associate professor in department of real estate at the National University of Singapore (NUS) who gave a presentation on the Singaporean experience on real estate sector, over his participation in the International Real Estate Development Conference that was organised on Monday.
Foreign developers come to Singapore to invest their money, despite the small land area that Singapore is located on, he added, noting that his country enjoys strategic location and very stable political environment.
There are number of factors that can drive country to internationalization including establishment of an institutional investment market, huge growth in organised savings and expansions of Investment universe, he noted.
He said that 80% of population in Singapore live in public housing, while the public housing in Egypt is for the poor and the lower categories because of the limited capitals for developers.
He affirmed the importance of boosting the public private partnerships and offering the developers all the needed commercial funds.
He reassured that integration of real estate and capital markets is key for boosting the sector, noting that Egypt should benefit from the technology and the continued urbanisation in promoting its real estate sector.