CapitaLand Strikes $332M Deal: Iconic Singapore Mall Finds New Ownership

CapitaLand Integrated Commercial Trust (CICT) has successfully concluded the sale of Bukit Panjang Plaza, a prominent shopping mall in Singapore. The sale, which fetched a sum of US$332 million (S$428 million), is part of a larger strategy to optimize the organization’s portfolio.The Sale of Bukit Panjang PlazaBukit Panjang Plaza, which encompasses 11,500 square meters and houses 122 retail spaces, had been on the market since early 2024. The identity of the buyer for this prime real estate was not divulged ...