The Paragon paradox: CapitaLand’s upscale retail mall scoop is a win – but for whom?
Just a year ago, investors were told that Paragon needed a massive makeover – but that narrative has been flipped entirely
Add BT as a preferred source
[SINGAPORE] When Cuscaden Peak took Paragon Real Estate Investment Trust (Reit) private in the first half of 2025, the narrative delivered to retail investors was stark.
The trust’s crown jewel, Paragon mall, needed a massive, critical makeover to stay relevant in a brutal retail landscape.
This was estimated to take up to four years to complete, with a potential capital expenditure totalling up to S$600 million, or up to 21 per cent of Paragon’s FY2024 appraised value of S$2.9 billion as a 99-year leasehold property.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
OCBC consumer banking chief Sunny Quek aims to double wealth business by 2029
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
Hengli’s ex-Singapore unit dismisses staff after US sanctions, at risk of being wound down: sources
