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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

Published Tue, Jan 12, 2016 · 09:50 PM
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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.

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