Both of the Temasek portfolio companies have understandably declined to comment on the speculation — and so has Hiew Yoon Khong, group CEO of Mapletree Investments.
Mapletree Investments’ structure has allowed the real estate group to make long-term decisions in the best interests of investors, says veteran group CEO Hiew Yoon Khong
Market chatter often begins as an investor’s wish, emboldened by an analyst’s calculations. One such dream — a merger of Singaporean real estate giants Mapletree Investments and CapitaLand Investment — picked up above a whisper last year, thanks to a speculative story by the Wall Street Journal in November 2025. Subsequent reports from Morningstar and DBS Group Research lent credence to the rumour, with analysts crunching hypothetical sums.
