This week I talked to Mr Ong Kang Lin, who is the CEO of SiS Asset Management. I know that Asians have a preference for prop but given this current bearish climate, it seems like investors are apprehensive to part their money for more properties.
Macroeconomic indicators are pointing towards a continual challenging economic environment this year, as reflected by the side-way movement of the equity markets. Closer to home in Singapore, GDP grew 1.8% YoY in 1Q16 amid manufacturing sector continuing to be a drag since 1Q15
A newly set up fund management firm in Singapore and a Registered Fund Management Company (RFMC) under the Monetary Authority of Singapore, has launched its maiden real estate private equity fund – the SiS Real Estate Opportunity Fund (the “Fund”).
