GIC to focus on 'niche' real estate deals in China amid supply glut

GIC to focus on 'niche' real estate deals in China amid supply glut

People walk by office towers in the Lujiazui financial district of Shanghai, China October 17, 2022. REUTERS/Aly Song/File Photo

Singapore’s sovereign wealth fund GIC is shifting the focus of its investment team in China to look for newer “niche opportunities,” a senior executive told Nikkei Asia, as the region’s largest economy is expected to take longer to transform itself into a new economic model.