TOKYO (Nikkei)--The Government of Singapore Investment Corp. (GIC) will purchase, probably late this month, the Westin Tokyo luxury hotel for about 77 billion yen from Morgan Stanley, it was learned Saturday.
Congratulations Singaporeans!! You are now the proud owner of Westin Tokyo, a luxury hotel that is sometimes described as 7-star in luxury. Remember this next time you visit Tokyo. Isn't it great that your CPF money is funding all these wonderful buys? GIC 'borrows' your CPF money at about 3% interest rate to buy this luxury hotel in Tokyo.