07.08.2015 - GIC building up its real estate assets for steady returns
Sovereign wealth fund Government of Singapore Investment Corporation (GIC) has been acquiring more real estate assets in recent years, and is keeping its ear to the ground for more deals, even as competition in the sector intensifies. Toppish asset prices and lower returns will define the broader investment environment for the next 10 years, but GIC can use its 30 years' experience in real estate investment to earn steady returns, said group chief investment officer Lim Chow Kiat. "Generally, prices have gone up, so it's harder to just buy cheap," he told a media briefing at GIC's Capital Tower headquarters...............................................Full Article: Source
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