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 |