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TODAY'S MARKET INTELLIGENCE

CapitaLand and IOI Close to Buying Singapore $1.9 Billion One Raffles Place

Published: 2026-08-20 18:20:49Category: financeHeat: 54

English summary

CapitaLand Investment Ltd. and Malaysian developer IOI Properties Group Bhd. are nearing a deal to buy the iconic One Raffles Place in Singapore's commercial center for US$1.9 billion, according to people familiar with the matter. The deal is not finalized yet.

The English text is machine translated and may require verification against the Chinese version.

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