SiS unit launches new fund that targets distressed residential assets in Singapore
The SiS Real Estate Opportunity Fund, with a S$50m AUM target, sees opportunity in crises, says its manager
Singapore
A NEW fund has been launched targeting distressed residential assets in Singapore, joining the likes of private-equity funds by Blackstone and SC Capital Partners.
Its manager, the newly set up SiS Asset Management (SiSAM), a unit of Hong Kong-listed SiS International, said its maiden fund will opportunistically "swoop in" on distressed or undervalued homes amid a softening property market here.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
New Zealand house prices dip for first time in 8 months
Blackstone in talks to buy Dulwich schools in Singapore, Seoul for US$600 million
Strained Chinese cities struggle to pay home-buying subsidies
Distressed builder Taeyoung wins debt restructuring vote
China Evergrande to delay 2023 annual results; shares remain suspended
Dubai ruler’s firm refinances US$8.2 billion to tap property boom