Page 295 - 2019 6th AFIS & ASMMA

In some sort of real estate demand, this is where I will detract slightly I will now move the presentation to the green bond market in Session I
and talk about commercial real estate as well, if we have what we call Singapore. Now Singapore views itself as a financing hub in Asia,
the result of a control residential mortgage market, we see on the other complementing the rest of our partner countries in the Asia Pacific
side of the coin, that the commercial real estate market continued to see region and the ASEAN region, and what we, the government, do
inflows in Singapore. So, this is defined as office and commercial real is to work with the private sector to promote what we call the right
estate, and we see basically new money coming from outside Singapore, way of financing. Now we've talked about incentives and I would say
investing in commercial real estate. This is evidence in the donut (chart) encouraging private sector to embrace green, and we have now expanded
on the right. So, this is a snapshot of the Singapore real estate market. green to sustainable.
I've taken a deeper dive on where the residential mortgage market is,
and how Singapore controls affordability in the residential mortgage So, in Singapore, we have had green bonds issued by a large part the
market. Just as an aside, the affordability rate in Singapore comes in real estate companies and the banks or financial services sector. The
about 50 percent, so it is a ratio that we monitor quite closely, to provide government's partnership intent is to provide what we call financial
affordable housing from a social standpoint. incentives. We are devious. We have aligned our sustainability according
to responsible banking, responsible corporate citizenship, we are talking
about creating social impact, and we want to be the employer choice and
these are the pillars in the sustainable development goals.

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