Meinhardt, a Singapore-based engineering consulting firm, has recently entered into a memorandum of understanding (MOU) with Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development (JOIN). This partnership aims to jointly explore and deliver digital and smart city projects in third-world Asean countries, as announced in a press release on January 17th.
The agreement outlines a commitment to advance sustainable and innovative urban solutions by exchanging knowledge and resources. JOIN, a Japanese public-private fund that supports Japanese companies investing in overseas infrastructure projects, will utilize its expertise and network in this collaboration. Meinhardt, known for its leadership in integrated planning, design, and project management solutions, will contribute its expertise to the partnership.
The MOU comes on the heels of the Memorandum of Cooperation (MOC) signed by Japan’s Ministry of Land, Infrastructure, Transport and Tourism and the Singapore Cooperation Enterprise in November of last year. This agreement aims to foster the development of digital and smart cities in Asean and other regions.
Leveraging this established framework, Meinhardt and JOIN’s MOU will provide a platform for both parties to share information, identify synergies, and collaborate on projects from the early stages. This collaboration has the potential to drive meaningful impact across borders and will contribute to the development of sustainable and advanced urban solutions.
When considering investing in condos in Singapore, it is essential to take into account the government’s property cooling measures. Singapore’s government has implemented several measures over the years to discourage speculative buying and maintain a stable real estate market. One such measure 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, creating a secure investment environment.