Hongkong Land fund to buy Singapore's Wheelock Place for $853 million

Wharf Real Estate Investment

30/07/2026 11:26

July 30 (Reuters) - Hongkong Land Holdings HKLD.SI said on Thursday its Singapore Central Private Real Estate Fund would buy the Wheelock Place development on Singapore's Orchard Road from Wharf Real Estate Investment 1997.HK for S$1.1 billion ($852.71 million).
The deal will give the fund ownership of the development, which includes the Wheelock Place mall on Orchard Road, an iconic precinct in Singapore popular among tourists and wealthy shoppers.
Hongkong Land, listed in Singapore and majority owned by Jardine Matheson JARD.SI, said the acquisition would lift the Singapore Central Private Real Estate Fund's assets under management to S$9.4 billion, moving it toward its S$15 billion target.
Launched in February, the fund also holds stakes in prime commercial properties including Asia Square Tower 1 and One Raffles Link.



($1 = 1.2900 Singapore dollars)

 (Reporting by Nichiket Sunil in Bengaluru; Editing by Tasim Zahid)
 ((Nichiket.Sunil@thomsonreuters.com;))