Singapore’s GIC makes $4b splash on APAC real estate in 2022

Singapore’s GIC makes $4b splash on APAC real estate in 2022

GIC's $1.3-billion acquisition of the Prince Hotel portfolio is the largest transaction in Japan's hospitality sector this year

Singapore’s sovereign wealth fund GIC has become APAC’s top real estate spender this year, with $4 billion of investments so far. Chinese e-commerce major JD.com stood a distant second with $3 billion worth of property deals in the region year-to-date, according to data from MSCI Real Assets.