17.09.2010 - GIC official warns of oversupply in India hotels, malls
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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