12.01.2010 - GIC loses money on New York project
From Themalaysianinsider.com: The Government of Singapore Investment Corporation (GIC) has suffered losses investing in a prime New York property project after the American owners defaulted on a debt payment last Friday. The exact size of the hit has not been disclosed but GIC is said to have invested a total of US$675 million (RM2.25 billion) in Manhattan’s Stuyvesant Town and Peter Cooper Village..........................................Full Article: Source
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