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Story summary
- Hongkong Land plans to launch the Singapore Central Private Real Estate Fund (SCPREF), projected to be Singapore's largest private real estate fund with over S$8 billion (approximately US$6.2 billion) in assets.
- The fund will manage prime commercial properties, including One Raffles Quay and Marina Bay Financial Centre Towers 1 and 2.
- This initiative follows Hongkong Land's S$1.5 billion sale of its stake in Marina Bay Financial Centre Tower 3 to Keppel REIT.
- The fund aims to help Hongkong Land achieve its goal of managing $100 billion in assets by 2035, with an official launch planned for early 2026.
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