The purchase price in March 2023 was $172.5 million. The most recent book valuation as of end-September 2025 was $202.6 million.
Link REIT has entered into agreements with Jack Investment Pte Ltd and Pangjwee Development Pte Ltd for the sale of its property interests in Swing By @ Thomson Plaza for $250 million.
The divestment, which is priced at a premium to the most recent book valuation of the property, forms part of Link’s ongoing portfolio optimisation strategy, which aims to recycle assets, where appropriate, in order to create value for unitholders, according to an April 8 announcement.
