Norway wealth fund has not found attractive property investments in Tokyo, Singapore: CEO
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
[OSLO] Norway's US$935 billion sovereign wealth fund, the world's largest, has not found suitable real estate projects in Tokyo and Singapore, despite long-standing plans to invest in the two Asian capitals, the fund's chief executive said on Tuesday.
"We do not see attractive property projects in Singapore and Tokyo today," Yngve Slyngstad said during a hearing in the Norwegian parliament's finance committee.
In recent years the fund has bought billions of dollars worth of real estate in European and US cities, including London, Paris and New York.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
