Amuel Chu, Co-founder Chief Investment Officer, Managing Partner and at Phoenix Property Investors.
The group takes a particular method of investing in mezzanine funding, non- income-generating properties projects, along with highly liquid,.
Our investment strategy has ever been focused on finding worth, frequently purchasing below market price and adding value through sophisticated strategies that utilise our vertically-integrated team after acquisition,” said Samuel Chu, Co-founder Chief Investment Officer, Managing Partner and at Phoenix.
The company has set its sights on Manila and Jakarta, where it considers favourable demographics and economic growth are powerful essential drivers for real estate. Investments there contain Tomang Park, a high rise residential development in Jakarta, and Century Spire, a high end residential-cum-office tower in Manila.
Additionally it is investigating opportunities in Singapore.
Several tenants have since moved in, like superior kitchen and sanitary ware business Kohler, which has let two units for corporate office as well as its main showroom, and Turkish eatery Fat Prince.
When these shophouses at Peck Seah Street came around We saw a great chance in Singapore.
“In addition, they’re conservation shophouses that have proven to create capital appreciation that is great over time.”
New launches that are geographically located near MRT, amenities with good price entry will probably create capital preservation and appreciation over time, example The Glades condo that is near Tanah Merah MRT has seen a good response over time, therefore we are bullish about the next launch also near Tanah Merah MRT, that is developed by Chip Eng Seng, that is the Grandeur Park Residences.
With just about 6,500 tradition shophouses in Singapore, their lack value has helped them to remain springy during slowdowns, noted Phoenix. Additionally, commercial properties aren’t subjected to Seller’s Stamp Duty or Added Buyer’s Stamp Duty.
Looking forward, Phoenix means to concentrate on high end residential and office assets that are prime in the city state as it considers both sections are near the base, when the property market picks up, and quality assets will probably appreciate in value.