{"id":37086,"date":"2016-12-05T16:29:25","date_gmt":"2016-12-05T09:29:25","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/phoenix-property-investors-to-boost-investment-in-singapore\/"},"modified":"2016-12-05T16:43:29","modified_gmt":"2016-12-05T09:43:29","slug":"phoenix-property-investors-to-boost-investment-in-singapore","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/phoenix-property-investors-to-boost-investment-in-singapore\/","title":{"rendered":"Phoenix Property Investors to boost investment in Singapore"},"content":{"rendered":"


\nSamuel Chu, Co-founder, Managing Partner and Chief Investment Officer at Phoenix Property Investors.\u00a0
\nHong Kong-based private equity real estate firm Phoenix Property Investors has announced plans to boost its investment in Southeast Asia, including Singapore.
\nFounded in 2002, the company currently has US$6.7 billion in luxury residential, retail and office assets under management in Asia, including in Hong Kong, Japan and China.
\nThe group takes a selective approach to investing in mezzanine financing, non-performing loans, development and redevelopment projects, as well as highly liquid, income-producing properties.
\n\u201cOur investment strategy has always been focused on discovering value, often buying below market price and adding value after acquisition through complex strategies that utilise our vertically-integrated team,\u201d said Samuel Chu, Co-founder, Managing Partner and Chief Investment Officer at Phoenix.
\nThe firm has set its sights on Jakarta and Manila, where it believes favourable demographics and economic growth are strong fundamental drivers for real estate. Investments there include Tomang Park, a high-rise residential development in Jakarta, and Century Spire, a high-end residential-cum-office tower in Manila.
\nTo a lesser extent, it is also exploring opportunities in Singapore. In 2014, it purchased three pairs of shophouses at 48-56 Peck Seah Street in Tanjong Pagar, and spent about S$2 million to refurbish them.
\nSeveral tenants have since moved in, like premium kitchen and sanitary ware company Kohler, which has leased two units for its flagship showroom and corporate office, and Turkish eatery Fat Prince.
\n\u201cWe saw a good opportunity in Singapore when these shophouses at Peck Seah Street came around. They stood out in particular because of their prime location and proximity to new buildings in the vicinity, like the recently completed S$3.2 billion Tanjong Pagar Centre, which will act as a catalyst to revive the precinct,\u201d said Chu.
\n\u201cIn addition, they are conservation shophouses which have proven to generate good capital appreciation over time.\u201d
\nWith only about 6,500 heritage shophouses in Singapore, their scarcity value has helped them to stay resilient during downturns, noted Phoenix. Also, commercial properties are not subjected to Additional Buyer\u2019s Stamp Duty or Seller\u2019s Stamp Duty.
\nLooking ahead, Phoenix intends to invest further in Singapore, focusing on high-end residential and prime office assets as it believes both segments are near the bottom, and quality assets will likely appreciate in value when the property market picks up.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Phoenix Property Investors to boost investment in Singapore<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Samuel Chu, Co-founder, Managing Partner and Chief Investment Officer at Phoenix Property Investors.\u00a0 Hong Kong-based...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-37086","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-9Ea","jetpack-related-posts":[{"id":78425,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapores-overseas-property-investment-soared-40-in-2017\/","url_meta":{"origin":37086,"position":0},"title":"Singapore\u2019s overseas property investment soared 40% in 2017","date":"January 30, 2018","format":false,"excerpt":"\r Singapore\u2019s overseas real estate investment surged by around 40 percent to a record US$28.4 billion (S$37.2 billion) in 2017, making it the fifth-biggest source of capital globally, after the US, Hong Kong, China and France, reported Business Times. 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