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SingPost to keep, enhance SingPost Centre in U-turn from plan to sell it

The cash cow is now part of 3 new priorities aimed at sustainable growth

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Tay Peck Gek

Tay Peck Gek

Published Thu, May 14, 2026 · 06:50 AM
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    • The decision to not sell SingPost Centre marks a reversal from an earlier decision by SingPost's previous board to divest the Paya Lebar building.
    • The decision to not sell SingPost Centre marks a reversal from an earlier decision by SingPost's previous board to divest the Paya Lebar building. PHOTO: YEN MENG JIIN, BT

    [SINGAPORE] Singapore Post (SingPost) has decided not to divest its flagship building, SingPost Centre (SPC).

    Instead, the postal and logistics player – being bullish about the property’s upside potential – will carry out enhancements to further milk the cash cow.

    “It is not for sale,” said SingPost CEO Mark Chong categorically. “SPC remains a crucial part of our portfolio; we are retaining it.”

    SingPost

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