Temasek Holdings has been named the most important land firm in Singapore, with total assets underneath management at US$39.9 billion, consistent with the newest Estates Gazette ranking, that force along the world’s prime one hundred investors.
The state-linked fund overtook the sovereign wealth fund GIC, last year’s prime entertainer, for the quantity one spot. Temasek has stakes in major native and regional players like CapitaLand, M+S, Mapletree and Pulau Indah Ventures.
CapitaLand took second place with US$33.3 billion of assets, followed by GIC with US$22.4 billion, world supply Properties (US$16.7 billion) and town Developments restricted (US$14.9 billion). All 5 firms have a combined plus worth of a humongous US$127.2 billion. Continue reading “Temasek overtakes GIC as Singapore’s biggest property firm”