Tax Liability Policy: Unlocking Cash in Real Estate Transactions

Sigrid 是亚太不动产协会（APREA）的首席执行官。她常驻新加坡，负责监督协会在亚太地区的战略方向、计划和运营。在她的领导下，亚太不动产协会重新定位为专注于房地产和基础设施的行业贸易集团。.

Sigrid 于 2019 年 1 月加入 APREA 的执行团队。.

在加入亚太房地产研究协会之前，她于2010年至2018年担任高纬环球（C&W）亚太区研究与咨询服务董事总经理，负责研究、思想领导、战略制定和客户管理。 在调往新加坡之前，她常驻华盛顿特区，领导高纬环球在美国中大西洋地区的研究小组，负责监督华盛顿特区、弗吉尼亚州、马里兰郊区、巴尔的摩和费城地区市场研究活动的方方面面。在加入 C&W 之前，Sigrid 曾担任全美房地产经纪人协会 (NAR) 的高级经济学家。在该职位上，她负责开发 NAR 的办公室、仓库、零售、多户住宅和国际研究项目。.

作为公认的全球经济、公共政策和房地产问题专家，Sigrid 经常在行业活动中发表演讲。 华尔街日报》、《金融时报》、彭博社、《纽约时报》和路透社等众多全球出版物也经常刊登她对商业和住宅房地产市场的评论。此外，她还在 CNBC、彭博社、CNN、国家公共广播电台和亚洲新闻频道等财经网络和广播电台上多次亮相。.

Sigrid 拥有康奈尔大学约翰逊管理研究生院工商管理硕士学位和宾夕法尼亚州立大学经济学硕士学位。她是多个民间团体的成员，包括新加坡莱佛士城扶轮社（Rotary Club of Raffles City），并在该社担任过多个领导职务，同时还是新加坡克罗恩氏症和结肠炎协会（Crohn's & Colitis Society of Singapore）执行委员会的成员。.

Having practised tax for over 23 years, Wee Hwee has extensive experience in structuring single country and multiple jurisdictional funds with an Asian focus, both close-ended and open-ended, listed and unlisted, and across various alternative asset classes including real estate, infrastructure, renewable energy, private equity, venture capitalist, hedge funds, crypto currency and debt. He has expertise in fund formations and is also familiar with fund platforms in Singapore, Luxembourg, the Cayman Islands, Labuan, etc., as well as tax efficient divestment planning opportunities for funds with multiple exit strategies (be it trade sale, conversion to income producing funds or IPO exit). He is also an expert in structuring carried interest from both a corporate and personal tax perspective.

Wee Hwee has assisted many Singapore and foreign investors to structure their Singapore real estate investments (both asset and share deals) in a tax efficient manner across various asset classes, ranging from hotels, office, retail mall, residential, data centres, healthcare properties to student housing.

With a Bachelor of Accountancy (Honours) from the Nanyang Technological University of Singapore and as an Accredited Tax Advisor with the Singapore Chartered Tax Professionals, Wee Hwee is regularly called upon to share his expertise at workshops organised by the Asia Pacific Real Estate Association (APREA) and the Real Estate Development Association of Singapore. He is an instructor for the Certificate of Real Estate Investment Finance, a course conducted by APREA, and the NUS Graduate Certificate in Real Estate. Wee Hwee works closely with the Singapore Exchange to promote REIT and Business Trust listings in Singapore and has spoken on fund and real estate tax topics at various conferences in Tokyo, Seoul, Sydney, Melbourne, Hong Kong, Kuala Lumpur, Mumbai and Jakarta.

CURRENT RESPONSIBILITIES

As the head of Marsh’s tax insurance practice in Asia, Eugene principal responsibility is to advise clients on the efficient use of tax insurance policies as a solution to mitigate potential tax risks associated with acquisitions, operations, divestments and restructuring. This enables businesses to achieve their commercial objectives while avoiding tax risks that may result in significant tax exposure.

EXPERIENCE

Prior to joining Marsh, Eugene was a senior tax manager under the real estate and hospitality practice in PwC Singapore. His focus was on tax due diligence, fund structuring, and tax minimisation strategies for real estate and infrastructure investments across Asia Pacific.

Eugene has a wide range of experience in providing tax advisory services to many corporates in the real estate, hospitality and construction sectors. Throughout his career, Eugene has been engaged in various M&A projects involving Singapore, Korea, Japan, Indonesia, Vietnam, China, and Australia real estate and has experience in advising on the tax implications arising from such transactions. Therefore, he is familiar with the tax implications arising from acquisitions and disposal of real estate in these jurisdictions (e.g. TMK structure, MIT regime, REF structure, etc.)

Since joining Marsh, Eugene has placed tax liability insurance covering tax risks in various jurisdictions (including Japan, Singapore and Germany etc.) and was instrumental in assisting one of his clients to place the first tax policy globally that can cover Indonesian tax risks.

QUALIFICATIONS

• Bachelor of Accountancy, Cum Laude, Singapore Management University (2010)
• 澳大利亚注册会计师协会

Ai Ling leads the Private Equity and Mergers & Acquisitions Services and Transaction Risk Services of Asia in Singapore. Ai Ling’s principal responsibility is advising private equity and corporate clients in their risk issues through their deal cycle. Ai Ling has pioneered the development and growth of warranty and indemnity insurance throughout ASEAN where she started the practice in 2007. She has achieved milestones such as placing the first onshore warranty and indemnity policy in Malaysia and Philippines, placing the first Litigation Buyout policy in Asia Pacific and placing the policy with the largest limit in Asia in 2015. Since then, Ai Ling has grown both the team and the market share of Marsh in all countries in Asia and maintain Marsh’s market share at 70%.

Ai Ling joined Marsh in May 2007 to start the PEMA Practice in ASEAN. She started her career in

PricewaterhouseCoopers focusing on external and internal audit before moving to corporate risk

management roles. Since starting the PEMA ASEAN practice in Marsh, Ai Ling has achieved a few

milestones in the industry in the area of warranty and indemnity insurance as well as structuring various portfolio programs for the clients. She has been a frequent speaker in M&A events in ASEAN on the topic of warranty and indemnity insurance and is a trusted advisor to several key private equity clients.

Having practised tax for over 23 years, Wee Hwee has extensive experience in structuring single country and multiple jurisdictional funds with an Asian focus, both close-ended and open-ended, listed and unlisted, and across various alternative asset classes including real estate, infrastructure, renewable energy, private equity, venture capitalist, hedge funds, crypto currency and debt. He has expertise in fund formations and is also familiar with fund platforms in Singapore, Luxembourg, the Cayman Islands, Labuan, etc., as well as tax efficient divestment planning opportunities for funds with multiple exit strategies (be it trade sale, conversion to income producing funds or IPO exit). He is also an expert in structuring carried interest from both a corporate and personal tax perspective.

Wee Hwee has assisted many Singapore and foreign investors to structure their Singapore real estate investments (both asset and share deals) in a tax efficient manner across various asset classes, ranging from hotels, office, retail mall, residential, data centres, healthcare properties to student housing.

With a Bachelor of Accountancy (Honours) from the Nanyang Technological University of Singapore and as an Accredited Tax Advisor with the Singapore Chartered Tax Professionals, Wee Hwee is regularly called upon to share his expertise at workshops organised by the Asia Pacific Real Estate Association (APREA) and the Real Estate Development Association of Singapore. He is an instructor for the Certificate of Real Estate Investment Finance, a course conducted by APREA, and the NUS Graduate Certificate in Real Estate. Wee Hwee works closely with the Singapore Exchange to promote REIT and Business Trust listings in Singapore and has spoken on fund and real estate tax topics at various conferences in Tokyo, Seoul, Sydney, Melbourne, Hong Kong, Kuala Lumpur, Mumbai and Jakarta.

CURRENT RESPONSIBILITIES

As the head of Marsh’s tax insurance practice in Asia, Eugene principal responsibility is to advise clients on the efficient use of tax insurance policies as a solution to mitigate potential tax risks associated with acquisitions, operations, divestments and restructuring. This enables businesses to achieve their commercial objectives while avoiding tax risks that may result in significant tax exposure.

EXPERIENCE

Prior to joining Marsh, Eugene was a senior tax manager under the real estate and hospitality practice in PwC Singapore. His focus was on tax due diligence, fund structuring, and tax minimisation strategies for real estate and infrastructure investments across Asia Pacific.

Eugene has a wide range of experience in providing tax advisory services to many corporates in the real estate, hospitality and construction sectors. Throughout his career, Eugene has been engaged in various M&A projects involving Singapore, Korea, Japan, Indonesia, Vietnam, China, and Australia real estate and has experience in advising on the tax implications arising from such transactions. Therefore, he is familiar with the tax implications arising from acquisitions and disposal of real estate in these jurisdictions (e.g. TMK structure, MIT regime, REF structure, etc.)

Since joining Marsh, Eugene has placed tax liability insurance covering tax risks in various jurisdictions (including Japan, Singapore and Germany etc.) and was instrumental in assisting one of his clients to place the first tax policy globally that can cover Indonesian tax risks.

QUALIFICATIONS

• Bachelor of Accountancy, Cum Laude, Singapore Management University (2010)
• 澳大利亚注册会计师协会

Sigrid 是亚太不动产协会（APREA）的首席执行官。她常驻新加坡，负责监督协会在亚太地区的战略方向、计划和运营。在她的领导下，亚太不动产协会重新定位为专注于房地产和基础设施的行业贸易集团。.

Sigrid 于 2019 年 1 月加入 APREA 的执行团队。.

在加入亚太房地产研究协会之前，她于2010年至2018年担任高纬环球（C&W）亚太区研究与咨询服务董事总经理，负责研究、思想领导、战略制定和客户管理。 在调往新加坡之前，她常驻华盛顿特区，领导高纬环球在美国中大西洋地区的研究小组，负责监督华盛顿特区、弗吉尼亚州、马里兰郊区、巴尔的摩和费城地区市场研究活动的方方面面。在加入 C&W 之前，Sigrid 曾担任全美房地产经纪人协会 (NAR) 的高级经济学家。在该职位上，她负责开发 NAR 的办公室、仓库、零售、多户住宅和国际研究项目。.

作为公认的全球经济、公共政策和房地产问题专家，Sigrid 经常在行业活动中发表演讲。 华尔街日报》、《金融时报》、彭博社、《纽约时报》和路透社等众多全球出版物也经常刊登她对商业和住宅房地产市场的评论。此外，她还在 CNBC、彭博社、CNN、国家公共广播电台和亚洲新闻频道等财经网络和广播电台上多次亮相。.

Sigrid 拥有康奈尔大学约翰逊管理研究生院工商管理硕士学位和宾夕法尼亚州立大学经济学硕士学位。她是多个民间团体的成员，包括新加坡莱佛士城扶轮社（Rotary Club of Raffles City），并在该社担任过多个领导职务，同时还是新加坡克罗恩氏症和结肠炎协会（Crohn's & Colitis Society of Singapore）执行委员会的成员。.