SOME observers in property circles have noted that CapitaLand Integrated Commercial Trust : C38U 0% (CICT) seems to be in a hurry to divest some assets.

Last week, The Business Times reported that an expression-of-interest (EOI) exercise closed in the fourth quarter of 2023 for the 299-unit Citadines Raffles Place, which is in the CapitaSpring building at Market Street that was completed a couple of years ago.

Now, word in the market is that a separate low-key EOI exercise is set to close next week for Bukit Panjang Plaza, a suburban mall which the real estate investment trust (Reit) has held for some time.