According to CICT, net proceeds from the sale will be used to lower its gearing by 1 around percentage point from 39.2% to 38.2%.
Geraldine Wong of DBS Group Research has kept her "buy" call and $2.50 target price on CapitaLand Integrated Commercial Trust after its divestment of 90 strata lots in Bukit Panjang Plaza for $428 million, which is a 10% premium to its Dec 31 2025 valuation of $389 million.
The divestment yield is reported to be around the mid 4% handle and in line with valuer's capitalisation rate for SG retail properties and recent market transactions, including Paya Lebar Quarter.
