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SiS International Holdings’s (SiS) new asset management arm has launched its maiden real estate private equity fund – SIS Real Estate Opportunity Fund.
The fund aims to give accredited investors access to undervalued properties in Singapore, Hong Kong and Japan.
“We believe that SiSAM’s first real estate private equity fund holds a strong value proposition of allowing investors to gain access to real estate opportunities they may have previously missed, or that were typically only open to institutional investors,” he added.
An accredited investor is defined as one with an annual income of not less than S$300,000 in the past 12 months, or net personal assets of over S$2 million.
Targeting high-end residential, commercial and hospitality assets in Singapore, Hong Kong and Japan, SiS Real Estate Opportunity Fund aims to acquire quality, undervalued and distressed real estate assets in an opportunistic manner.
In Singapore, SiSAM said it is eyeing some luxury homes in the prime Districts of 9, 10 and 11, as well as commercial and hospitality properties. The fund eyes to acquire choice distressed assets “when the time is right, and will lease or sell these properties depending on market conditions.”
With minimum subscription at S$200,000, the closed-end fund has a target size of S$50 million and an investment term of five years, plus two additional one-year extensions.
Nikki De Guzman, Editor at CommercialGuru edited this story. To contact her about this or other stories emailnikki@propertyguru.com.sg
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