GIC tells why it is still under-invested in real estate
High valuations and competition from other sources of capital remain hurdles
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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 from many other sources of capital.
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