ForbesArticle
Hongkong Land Buys $422 Million Stake In Suntec REIT, Betting On Singapore Property Boom
Hongkong Land Holdings acquired a 10.8% stake in Suntec Real Estate Investment Trust from ESR Group for S$541 million ($422 million) in cash -- a discount to Suntec's appraised NAV. Suntec REIT's portfolio spans office and retail assets across Singapore's CBD, including one-third stakes in Marina Bay Financial Centre and One Raffles Quay.
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Provenance
- Publisher
- Forbes
- Obtained from
- Forbes
- Published
- Mar 20, 2026
- Last updated
- Jul 18, 2026 (29 days ago)
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