Singapore’s largest real estate agency PropNex Realty has formed an alliance with Infiniti Asset Management Pte with the aim of bringing investors a first-of-its-kind real esttae investment solution.
The Infiniti Real Estate Strategies Fund, launched today, will cater specifically to accredited investors (defined as those with S$2 million net worth or those above $300,000 in annual income) and institutional investors (entities with net assets exceeding S$10 million).
PropNex plans to provide access to its extensive industry network and knowledge to support Infiniti’s research and business intelligence to execute its investment strategy in the fund, and help deliver higher levels of value-add for the firm’s expanding portfolio of clients who are keen to invest in real estate but face difficulties due to the many cooling measures.
The Fund will address these issues by allowing investors to invest a minimum sum of S$100,000 without being restricted by the cooling measures and yet the fund will allow him/her to co-invest in new developments in Singapore and regionally.
“Infiniti also takes a long-term bullish view on the real estate market in Singapore, considering that the country’s robust economy has a limited land supply to operate on,” explained Quah Su-Yin, CEO of ISR Capital.
Mohamed Ismail, Chief Executive Officer of PropNex Realty, added: “This marks another key milestone and is an excellent fit to our growth plans, and also affirms our commitment to collaborating with Infiniti in order to provide an alternative solution to our customers.”
He added: “The current real estate market has compelled us to think out of the box to provide solutions to our investors who are keen in brick and mortar form of investment.”
SingCapital – a MAS-approved financial advisory firm – is the official distributor of the fund.
Alfred Chia, Chief Executive Officer of SingCapital, added, “This fund provides a unique proposition for investors who favour real estate investment as an asset class in order to partake in physical property investments. We have raised more than S$6 million in a week from our client base.”
This article was written by Andrew Batt, International Group
Editor of PropertyGuru Group. To contact him about this or other stories
email andrew@propertyguru.com.sg
Recent stories you may have missed:
Overseas property shows are back with a bang
Bangkok prices up 5% in H2 2013
EcoHouse plays catch-up, stops selling in Singapore
Bleak outlook for S-Reits in 2014