Asia Pacific Credit Plus Fund
The Asia Pacific Credit Plus Fund (“APCPF”) is the maiden fund of Agility Asset Management (Singapore), launched in April 2019 and in collaboration with Kenedix Asia, one of Japan’s largest real estate asset management companies.
APCPF was born with the vision of alleviating the severe shortage of affordable houses in Southeast Asia and improving the living conditions of the lowest income groups in the region. To fulfil this vision, APCPF employs the strategy of issuing secured loans to real estate developers for the development of affordable houses and social housing subsidised by the government. APCPF has issued loans totalling USD14m to trusted real estate developers in Indonesia for this purpose.
APCPF is on course to deliver over 4,000 units in Indonesia with over 1,000 units sold as at October 2020.