$400m Asia Property Fund Planned

• 31 December 2015
• Local News
• 655 Views

250 of Myanmar’s top real estate executives and industry leaders gathered in Yangon on 17 June to celebrate the first annual Myanmar Property Awards 2015.

“We are looking to provide long-term appreciation in the Asia-Pacific, which will be the main economic driver in the world,” Bloomberg credited managing director Suchad Chiaranussatti as saying.

The fund is expected to generate a net return of about 10 percent and invest about 80 percent of the amount raised in transparent, liquid markets that include Japan, Australia, New Zealand, Hong Kong, Singapore and South Korea, while the rest would be invested in China, Indonesia, Thailand, Malaysia and Taiwan.