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Singapore wealth fund is “underinvested” in global RE: exec

Singaporean investors have already poured substantial cash into the New York real estate market, and

From left: Goh Kok Huat and the Time Warner Center in Columbus Circle Singaporean investors have already poured substantial cash into the New York real estate market, and more might be on the way. Goh Kok Huat, president of real estate at GIC Pte, the city-state’s sovereign wealth fund, whose total holdings Morgan Stanley estimates at $343 billion, said his firm was “underinvested” in the global property market and is seeking to make major purchases. (more…)

Source: The Real Deal