| Singapore and Tokyo are the prime targets for real estate investment by Norway’s biggest wealth fund. The Norwegian Government Pension Fund Global, which has $870 billion in resources mainly from the country’s oil industry, is planning to snap up real estate in 10 to 15 cities around the world.
It has already bought properties in London, Paris, Berlin and New York. In 2014, around 2.2 per cent or $18 billion of its assets was invested in property and it is seeking to increase that proportion to five per cent. The fund is now seeking high-growth real estate investments in Tokyo and Singapore, the fund’s head of real estate investment Karsten Kallevig confirmed...............................................Full Article: Source
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