May
11
Singapore Fund Likes Hong Kong Property as Curbs to Stay at Home
ByPhotographer: Jerome Favre/EPA
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SC Capital to raise $1 billion for new property fund next year
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The fund doesn’t see Singapore property curbs being lifted
SC Capital Partners, a Singapore private equity real estate firm with $1.2 billion in assets, said recent price declines make investing in Hong Kong property attractive.
Founder Suchad Chiaranussati said he expects the Singapore government to maintain residential curbs in the city-state until the end of next year. Hong Kong offers more value after prices for homes, offices and hotels dropped, he said in an interview at his bungalow office off Singapore’s prime Orchard Road shopping belt…
Singapore Fund Likes Hong Kong Property as Curbs to Stay at Home