During a results briefing on Feb 6, Tan Choon Siang, CEO of CICT’s manager, revealed that the total cost to CICT including construction, fees and expenses, and interest cost will be $1.1 billion or $3,600 psf, with a projected yield on cost of about 5%.
CapitaLand Integrated Commercial Trust (CICT) announced a positive beat for its distributions per unit (DPU) for FY2025. This was due to a full year contribution from its ownership of 50% of ION Orchard, coupled with CapitaSpring’s contributions in the fourth quarter of last year.
In January 2026, CICT announced the divestment of Bukit Panjang Plaa for $420.8 million, 10% above valuation and 165% above the purchase price in 2007, to be completed in 1Q2026. CICT will be embarking on a greenfield development project after winning the Hougang Central site in a joint bid with CapitaLand Development and UOL Group. The site will be integrated with a bus interchange, the existing North-East Line and the future Cross Island Line.
