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GIC tells why it is still under-invested in real estate

High valuations and competition from other sources of capital remain hurdles
Wednesday, May 17, 2017 - 05:50

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Singapore's sovereign wealth fund GIC is trying to raise its allocation in real estate from about 7 per cent of its portfolio to the target allocation of 9 to 13 per cent.

Singapore

SINGAPORE'S sovereign wealth fund GIC is trying to raise its allocation in real estate from about 7 per cent of its portfolio to the target allocation of 9 to 13 per cent.

Its difficulty, however, lies in the high valuations of assets around the world, and competition

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