The sale is expected to be completed in 1Q2026. After fees, including a divestment fee of some $2.1 million payable to the manager, net proceeds from the divestment would be approximately $421.2 million.
The manager of CapitaLand Integrated Commercial Trust (CICT) announced on Jan 14 the divestment of Bukit Panjang Plaza, a retail mall in the north-western region of Singapore, to an unrelated third party for $428.0 million.
CICT, the largest REIT on the Singapore Exchange, holds 90 out of 91 strata lots in Bukit Panjang Plaza. The sale price of the 90 strata lots is some 10% above a Dec 31, 2025 valuation conducted by Cushman & Wakefield.
