Singapore was the largest cross-border real estate investor in Japan as at August this year, with about US$3 billion (S$4.1 billion) invested in the country, according to a Knight Frank report.
This amount includes US$1.68 billion from Singapore pumped into industrial assets in the first half of 2023, driven mainly by GIC’s US$800 million purchase of a portfolio of six logistics facilities from Blackstone.
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