Projects

An entry level residential redevelopment property located in northern Macau Peninsula.

Sniper Capital sold Rua do Laboratório project – an entry level residential redevelopment property located in northern Macau Peninsula – to a local Macau developer in April 2011. The agreed sale price of US$41 million translates to a return on investment of 84% or net project internal rate of return of 15%.

Project details

Acquisition date November 2006
Project type Redevelopment
Divestment date April 2011
Location Macau Peninsula
Sector Residential (entry-level)
Est. gross floor area 220,000 sqft/ 20,440 sq m
Current status Exited
Underlying fund MPO