Macau Property Opportunities Fund Limited is a closed-ended investment fund. The Fund is engaged in property development and investment in Macau. The Fund's investment objective is to provide shareholders with an attractive total return, which is intended to consist of primarily capital growth but with the potential for distributions over the medium to long term. The Fund invests in residential and commercial property and property-related ventures primarily in Macau. Its portfolio includes residential projects, as well as a retail project, such as The Waterside, The Fountainside and Estrada da Penha. The Waterside is a collection of over 59 luxury apartments for lease. The Fountainside comprises over 38 apartments and approximately four villas totaling over 72,000 square feet. Estrada da Penha is a residential enclave comprising mainly detached houses. The Fund is managed by Sniper Capital Limited.