SC Capital Partners has acquired a luxury residential compound in Hong Kong on behalf of its sixth Pan-Asia diversified opportunistic fund.
The Singapore-headquartered asset manager secured the property, located in the Chung Hom Kok residential neighbourhood, on behalf of Real Estate Capital Asia Partners VI, which will upgrade and enhance the asset to offer premium luxury residential housing.
Suchad Chiaranussati, chairman and founder of SC Capital Partners Group, said: “We have been monitoring the Hong Kong market closely and believe opportunities are emerging where pricing has become more aligned with long-term fundamentals.
“Assets of this quality, particularly those that have remained under single ownership for decades, rarely come to market in established neighbourhoods such as Chung Hom Kok. We believe our experience in repositioning and enhancing real estate across Asia Pacific places us in a strong position to unlock the property’s full potential.”
The acquisition further expanded SC Capital Partners’ presence in Hong Kong and demonstrated the group’s continued focus on identifying high-quality assets where active asset management can unlock long-term value, he said.
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