GIC's Goh Says Wealth Fund Is `Underinvested' in Real Estate

  • Singapore wealth fund has 7% of assets in real estate
  • It can increase share of real estate to as much as 13%

GIC Pte, manager of more than $100 billion of Singapore’s reserves, is “underinvested” in property and is interested in transactions of scale, said GIC Real Estate President Goh Kok Huat.

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