Hongkong Land to launch $6.2 billion Singapore private real estate fund

Core Insights - Hongkong Land is set to launch the Singapore Central Private Real Estate Fund (SCPREF) with over S$8 billion ($6.19 billion) in assets under management at inception, aiming to be the largest private real estate fund in Singapore [4] - The fund will focus on managing commercial properties in Singapore and is expected to be officially announced in the first quarter of 2026 [4] - The fund launch follows the company's recent sale of its interest in Marina Bay Financial Centre Tower 3 to Keppel REIT for nearly S$1.5 billion, aligning with its capital recycling targets [4] - The company plans to transfer its interests in Marina Bay Financial Centre Towers 1 and 2 and One Raffles Quay to the fund, which have a total attributable property value of S$3.9 billion as of June [4] - The fund launch supports Hongkong Land's goal of increasing its assets under management to $100 billion by 2035 [3]