Low Keng Huat to sell Westgate Tower stake, buy remaining 45% of Paya Lebar Square in shift to retail

Singapore

PROPERTY player Low Keng Huat has entered agreements to sell its interests in Westgate Tower for S$97.1 million, while buying the remaining 45 per cent of Paya Lebar Square that it does not already own for S$90.5 million.

Low Keng Huat hopes to focus on retail instead of commercial office developments, as it has more experience in managing the former, the mainboard-listed company said in a Friday bourse filing after trading hours.