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
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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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