GIC takes another huge haircut, selling UK mall stake purchased
#1

GIC takes another huge haircut, selling UK mall stake purchased at 299 million for 135 million

https://theindependent.sg/gic-takes-anot...5-million/
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#2

Cut loss ah?      Thinking

 Thinking is difficult, that's why most people judge
                    Carl Jung
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#3

tony tan...lomgterm longterm....no loss
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#4

GIC another loss

Bluewater Shopping Centre sold for £120m, over 60% discount to the £318m it paid


https://www.businesstimes.com.sg/propert...l-downturn

Why do we need 5 Mayors and 80 PAP Ministers? 
[+] 1 user Likes Ola's post
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#5

Cannot be suddenly got these loses

But maybe last time cover- up?

Why do we need 5 Mayors and 80 PAP Ministers? 
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#6

Look like they performed worse than sgbutt and master Leong.
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#7

Chinese New Year months away, so early, GIC getting hair cut..

Hair will grow back again soon.
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#8

GIC borrowed cheap money from our CPF savings..

Now, we know the reasons why CPF Board keeps OA interest rates low @ 2.50% pa. For a long time.
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#9

Business got gain and lost.
What's so shocking?
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#10

(14-11-2024, 08:48 PM)Migrant Wrote:  Business got gain and lost.
What's so shocking?

Holding for 15 yrs n lossso much
F grade business man
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#11

(14-11-2024, 08:48 PM)Migrant Wrote:  Business got gain and lost.
What's so shocking?

Free for all
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#12

How come drop so much? Brexit? UK economy drops more than 50%?

The last time tell people to buy, practically all of them say the UK is too far away. It is true, very difficult to manage if you are far away.
They have companies there that manage for you and take a % of it. Some even guarantee you a return on a monthly basis at certain locations. Don't know if it works.

For GIC, they can have their own management company. It should have been 51% in the beginning.
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#13

https://theluxuryplaybook.com/the-impact...te-market/
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#14

Remember retails talk about UK housing market cheap and better yield.

Sure go cheapest...


Smile
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#15

This one is like f. it, cut loss and run.

The devaluation of the British pound post-Brexit made UK properties more affordable for international investors, boosting investment and stabilizing prices. Prime areas like central London saw a surge in foreign interest due to the attractive currency exchange rates.
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#16

GIC = govt investment clowns. 😆
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#17

.
Hokkien saying " cannot recognise the house"
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#18

(15-11-2024, 08:26 AM)Alice Alicia Wrote:  GIC = govt investment clowns. 😆

wonder whether any swf that beat  gic n temasek as the biggest carrot heads in the world of investment ?
anyone knows ?
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#19

(15-11-2024, 10:55 AM)talky Wrote:  wonder whether any swf that beat  gic n temasek as the biggest carrot heads in the world of investment ?
anyone knows ?

i suppose is malaysia wef that lost alot in ard 1980 lending to an investment company in hk 
the  real story was made into a movie.forgot name of the movie
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#20

Why got so much hair?
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