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Bloomberg

CapitaLand and IOI Close to Buying Singapore $1.9 Billion One Raffles Place

Thursday, August 20, 2026


CapitaLand Investment Ltd. and IOI Properties Group Bhd. are in advanced negotiations to purchase One Raffles Place, a Singapore office building valued at approximately 1.9 billion Singapore dollars, according to CNN reported.

Original reporting: https://www.bloomberg.com/news/articles/2026-08-20/capitaland-and-ioi-close-to-buying-singapore-1-9-billion-one-raffles-place

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