Singapore's CapitaLand Trust to sell building to IOI Properties for $1.95 billion

CapitaLand Integrated Commercial Trust

19/04/2026 23:29

April 20 (Reuters) - Singapore's CapitaLand Integrated Commercial Trust CMLT.SI said on Monday it has agreed to sell Asia Square Tower 2, a commercial development in Marina Bay precinct, to Malaysia's IOI Properties IOIP.KL for S$2.48 billion ($1.95 billion).

($1 = 1.2696 Singapore dollars)

 (Reporting by Kumar Tanishk in Bengaluru; Editing by Lisa Shumaker)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))