Stronger revision: A general view of the financial business district buildings in Singapore. The city-state’s GDP rose an annualised 1.9 in the third quarter from the prior quarter, much better than its advance estimate issued in October of 0.1 growth. – AFP
SINGAPORE: GIC Pte, manager of more than US$100bil of Singapore’s reserves, is “underinvested” in property and is interested in transactions of scale, said GIC Real Estate president Goh Kok Huat.
GIC has about 7% of assets in real estate, while it can invest 9% to 13%, Goh said at a conference in Singapore.
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