• Singapore Estate Agents Association is supported by estate agencies in Singapore and the Council for Estate Agencies, which is the statutory board that governs the real estate agency industry in Singapore.

KUALA LUMPUR (March 13): The Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) Malaysia signed a Memorandum of Understanding (MOU) with the Singapore Estate Agents Association (SEAA) on Wednesday to implement further cross-border real estate knowledge exchange and networking opportunities between the associations from both nations.

SEAA is an association supported by estate agencies in Singapore and the Council for Estate Agencies, which is the statutory board that governs the real estate agency industry in Singapore.

In his welcome address, PEPS Malaysia president Subramaniam Arumugam said: “This MOU we signed here today, forges a bridge of collaboration and mutual understanding between our associations from two different nations, signifying our joint commitment to working together in areas crucial to the industry’s growth.

“In an era where global challenges require innovative solutions, it is imperative that we strengthen partnerships across borders. By fostering closer ties with SEAA, we aim to enhance our cooperation and values in the real estate sector. From sustainable urban development to property investment strategies, our collaboration will pave the way for shared knowledge and best practices in addressing challenges as well as seeing emerging opportunities within the respective geographical boundaries.”

The MOU signing ceremony on Wednesday revealed that both associations aim to facilitate business opportunities for their members who may be working together in each other’s markets as well as exchanging current information on the state of real estate markets, real estate business procedures, licensing, tax and foreign investment laws on an annual basis.

Other aspects both associations aim to collaborate through the MOU include initiating and hosting trade missions and networking opportunities between and among their members; coordinating and promoting the offer and interchange of products, services, and educational courses and cooperating for all other purposes, which are consistent with the legislation of both countries and mutually beneficial to both associations.

Representing SEAA, its president Adam Wang said: “We share similar roots, Singapore and Malaysia. We share common food and language and I think because of that, there are always good opportunities for cross-border real estate transactions to be made.

“I believe with the development of the [Johor Bahru–Singapore Rapid Transit System] and hopefully the [Kuala Lumpur–Singapore high-speed rail], it is more likely that cross-connectivity will grow even stronger, perhaps even in terms of transaction values. We live in a global village, thus we should not only serve people from our nation but also attract consumers from any part of the world to do real estate transactions on both sides of the Johor-Singapore Causeway,”

Wang also pointed out that many Singaporean real estate sales agents and property buyers are not only interested in properties in Johor but also those in Kuala Lumpur and Penang.

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