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This webpage is not an advertisement and is not intended for public use or distribution. This website has been prepared for the purpose of providing general information only without taking account of any particular investor's objectives, financial situation or needs and does not amount to an investment recommendation. An investor should, before making any investment decision, consider the appropriateness of the information in this website, and seek professional advice, having regard to the investor's objectives, financial situation and needs. In all cases, anyone proposing to rely on or use the information contained in the website should independently verify and check the accuracy, completeness, reliability and suitability of the information. The information contained in this webpage does not constitute financial, investment, legal, accounting, tax or other professional advice or a solicitation for investment in Golden Horse’s funds, nor does it constitute an offer for sale of interests issued by funds that are managed or advised by Golden Horse. Any offer can only be made by the relevant offering documents, together with the relevant subscription agreement, all of which must be read and understood in their entirety, and only in jurisdictions where such an offer is in compliance with relevant laws and regulatory requirements.

Simulations, past and projected performance may not necessarily be indicative of future results. Figures may be taken from sources that are believed to be reliable (but may not necessarily have been independently verified), and such figures should not be relied upon in making investment decisions. Golden Horse, its officers and employees do not assume any responsibility for the accuracy or completeness of such information.

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Our team has more than 20 years of experience in both financial markets and real estate industry. We look to capitalize on our established relationships and market expertise to structure equity and debt investment with a diverse group of real estate companies. These companies are expected to generate superior risk adjusted returns through retail, occupancy and capital value growth.

We seek to exploit cyclical recovery and structural shifts in property sector as part of our investment strategies.The world real estate market is under-served by financial partners with expertise in emerging financing tools. In 2015, our general partners made a decision to build a high-quality, dedicated real estate investment team within our company to pursue global real estate opportunities. We specialize in structuring real estate deals using Pre-IPO / bridging equity, convertible/ exchangeable debt, corporate equity with asset joint ventures and corporate restructuring.

At Golden Horse, we take a holistic and systemic approach to real estate investing.

  • Proprietary research, financial, and structuring financial models.
  • Ability to generate multiple follow-on investment opportunities with existing relationships
  • Our reputation to a global experienced and respected innovator enhance a company's access to capital and future growth prospects
  • We understands both the eastern & western culture and manages its portfolio company relationships at the senior management and board levels.
  • Approximately 80% of our investments are direct deals (“off-market”).


Located at 3151 Commonwealth Avenue West, Cityvibe is a four-storey commercial building near Clementi MRT. It was purchased in November 2016 for S$ 71 million, contingent on the growth of its business in the real estate industry, Cityvibe finds itself near Clementi Polyclinic and The Clementi Mall, and is also a short distance from educational institutions such as Singapore Polytechnic and the National University of Singapore.

Cityvibe has a gross floor area of 46,557 square feet, which works out to about 2.98 times the site area of 15,597 sq ft.


Located at 605 MacPherson Rd, Citimac Industrial Complex is a 110-unit industrial property. It was purchased in July 2017 for S$ 430.1 million, amounting to S$1,047 per square foot of gross floor area.

Citimac finds itself in a redevelopment site zoned "Business 1-White", with a gross plot ratio of 3.5 under the URA Master Plan 2014. Ideal for retail or commercial uses, 349,473 sq ft will be allocated to Business 1 or light industrial use.