HONG KONG-BASED Phoenix Property Investors, a private equity real estate firm with assets managed and under management in Asia of over US$6.7 billion, is looking to increase investments in South-east Asia property markets including Singapore.
“The company is expanding its investment footprint from North Asia, particularly Hong Kong, Japan and China, to the South-east Asia region,” Phoenix said in a news release on Monday. In South-east Asia, the group is setting its sights on Jakarta and Manila, cities where it believes the demographics are strong fundamental drivers for real estate, as well as selectively in Singapore.
Read more: Business Times
