Real estate

Real estate

Real estate has been a key driver of both local and global economy for over decades. For many organisations, real estate and physical infrastructure are major components of operational costs and typically involve significant investments which dominate the balance sheet.

Our real estate practice

PwC Singapore real estate industry practice listens to different points of view to help organisations solve their business issues as well as identify and maximise the opportunities they seek. Our team comprises of experienced professionals with comprehensive understanding of industry specific regulations and issues distinctive to both local and global environments.

How PwC can help

At the heart of our mission is to assist our clients in identifying, assessing and managing a spectrum of business issues; working with them to develop solutions that address the challenges they face, ultimately, delivering value to their businesses. Our strategy is aligned across these key functions that are crucial to all businesses.

Maximising profit

Tax optimisation

  • Tax structuring advisory
  • Tax compliance
  • Transfer pricing

Operational efficiency and people sustainability

  • Change management
  • Performance improvement
  • Project management
  • Data information systems
  • Outsourcing alternatives
  • Compensation benefits

Minimising risks

Regulatory compliance

  • Accounting advisory
  • Assurance services
  • Controls and governance
  • Stakeholders management

Ownership governance & crisis management

  • Risk management for real estate companies/ funds
  • Board structure and effectiveness
  • Dispute analysis and investigations
  • Litigation support

Optimising growth

Mergers and acquisitions (M&A) and business planning

  • Financial and operational due diligence
  • Business structuring
  • Financial modelling
  • Deal advisory and valuation
  • Strategy

Financing growth and portfolio restructuring

  • Capital raising assessment and sourcing
  • Capital markets and REITs advisory
  • Initial public offering
  • Real estate portfolio analysis and structuring
  • Structuring of SPVs

Start to end support

Deals

Capital market transaction

Deals

With strong network connectivity, we form teams across our lines of services and network to help our clients create value through mergers, acquisitions, disposals and restructuring.

In M&A, we support our clients through a deal process as follows:

Where are the opportunities in today’s market?

  • Growth strategy
  • Lead advisory
  • Market study
  • Market entry strategy
  • Investment partnering strategy
  • Tax efficient investment structure

Is this a good investment opportunity?

  • Pros cons analysis of asset vs share deal
  • Financial tax due diligence
  • Commercial market due diligence
  • Human resources due diligence
  • Synergies validation

What is the most efficient way to close the deal?

  • Deal structuring
  • Valuation advice
  • Negotiation support
  • Completion assistance
  • Purchase price allocation
  • GAAP conversion reconciliation
  • Review documents for tax efficiencies

How do I achieve stability early post-deal wins?

  • Add-on deal identification
  • Integration planning project management
  • Corporate governance internal controls alignment
  • Restructuring turnaround strategy
  • Post-acquisition tax planning
  • Exit tax planning

How do I maximise downstream value through change?

  • Strategic repositioning
  • Back office coast reduction restructuring
  • Business process infrastructure improvement

How do I harvest value from the deal?

  • Divestment advice
  • Refinancing advice
  • IPO advice capital raising
  • Review exit tax planning

Capital market transaction

As reporting auditor or advisors, we our with clients from the beginning to the end of the IP process order to maximise value out of the transaction.

We add value in an IPO process as follows:

“Assess” current landscape and facilitate listing process

  • Identify the suitable listing destination
  • Understand and evaluate the potential listing structures available
  • Understand financial reporting requirements for the various listing destinations or structures
  • Identify the acceptable accounting standards and restate historical financial statements
  • Strategic business planning to create a well-constructed, and attractive IPO story for the investors
  • Group restructuring and management reorganization
  • Review effectiveness of existing finance function, technology infrastructure, and management information and reporting systems
  • Review corporate governance and internal controls requirements
  • Identify tax leakages and the associated tax minimization strategies
  • Identify tax efficient corporate structure for warehousing phase

“Design and Construct” for listing readiness

  • Compliance with the listing criteria
  • Compliance with the financial information and prospectus disclosure requirements
  • Preparation of historical financial information
  • Preparation of financial forecast
  • Obtain ruling from tax authorities for certainty of tax treatment and tax exemption/relief
  • Appoint independent directors and board subcommittees

“Implement and sustain” listed status

  • Corporate strategy and development
  • Compliance with continuous listing requirements
  • Compliance with corporate governance code
  • Establish risk management and internal controls framework
  • Review management information and reporting systems to meet the requirement of the listed company
  • Set up investor relations functions
  • Set up effective tax functions and compliance process
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Contact us

Yeow Chee Keong

Yeow Chee Keong

Real Estate and Hospitality Leader, PwC Singapore

Tel: +65 9018 1798

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