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 the MSCI Real Capital Analytics (RCA).
China’s state-owned CITIC Group ranked third, while South Korean real asset manager IGIS Asset Management and Australia-based Charter Hall Group were placed fourth and fifth, respectively.