HK property funds sector sees hiring and launch activity

Recent weeks have seen JP Morgan, Sniper Capital and UBS make moves targeting real estate investors looking outside the SAR for opportunities. Hong Kong-based private equity firm Sniper Capital has launched a five-year $100 million Macau property fund that will target deeply undervalued non-gaming investments, likely to be a mix of retail, food & beverage and potentially some residential properties. “A lot of money has gone into Macau’s casino, infrastructure and retail sector, bu…