Macau Property Opportunities secures HK$282 million loan

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The Sniper Capital managed fund, Macau Property Opportunities, entered into a HK$282 million five-year loan facility with Hang Seng Bank for its One Central Residences properties, it was announced on Friday. The new loan facility serves to finance the repayment of the first tranche of the original loan which matures on November 25, as well as all principal repayment installments up to the end of 2017, the company explained. According to the Macau Property Opportunities website, the fund has investments in Tower Six of One Central Residences, named the Waterside, plus individual units in One Central.