Singaporean insurer Income Insurance is revamping its strategy for its real estate portfolio in the face of increased macroeconomic challenges. Potential changes include investing in real estate credit for the first time, PERE has learned.

Elevated interest rates and increased hedging costs are among the factors that have prompted a strategic reassessment of the firm’s investment approach in real estate – a key component of which will be increasing its overall risk-adjusted return targets for the asset class.