Real estate fund’s value dips 2.1 pct in fiscal H1

2015/3/3

From:Macau Business

The value of the real estate belonging to Macau Property Opportunities Fund decreased by 2.1 percent to US$547.6 million (about MOP4.4 billion) in the first half of the fund’s fiscal year.

The fund manager’s interim report says the campaign against corruption in the mainland has softened the property market in the city by deterring conspicuous spending by mainlanders.

“Considering the near-term challenges currently being faced by Macau, the company has delivered a resilient performance for the period. I have every confidence that MPO, with its prime portfolio of assets, will successfully weather this healthy period of consolidation,” the report quotes the manager’s chairman, David Hinde, as saying.

Copyright@Macau Business