Temasek overtakes GIC as Singapore’s biggest property firm

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.

To make it on the list this year, companies got to own property valued at quite US$12.4 billion, same Estates Gazette.

This year, the highest one hundred firms closely-held a complete of US$3.6 trillion value of property, a US$400 billion increase over last year’s worth.

Canada-based Brookfield plus Management, remains the world leader, with virtually US$130 billion of assets.

Samantha McClary, Head of Content at Estates Gazette, said: “Our world one hundred list, that relies on real assets instead of property securities and debt, shows however huge a business the international land market is.

“The list, currently in its third year, continues to grow with new companies showing per annum. the looks of a lot of property house owners from new locations shows simply however world a playground the $64000 estate business is.”