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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments, Market

GIC official warns of oversupply in India hotels, malls

Posted on 17 September 2010

From Indiatimes.com: The Government of Singapore Investment Corp’s (GIC) real estate arm warned on Thursday about a looming oversupply of luxury hotels and malls in India although it remained bullish about the country’s longer-term prospects.

“I would probably stay away from luxury hotels because I think there is a huge supply coming… I would also stay away from retail malls in the short term for the same reasons,” GIC Real Estate Deputy President Goh Kok Huat said at a property seminar in Singapore…………………………………….Full Article: Source

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