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Robert Kuok’s Allgreen Properties nears deal to buy Singapore office block at 78 Shenton Way: sources

The PGIM-managed fund that owns the property is seen exiting at a loss

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Kalpana Rashiwala

Kalpana Rashiwala

Published Mon, Jan 19, 2026 · 10:12 PM
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    • 78 Shenton Way’s Tower 1 (first from right) is a 34-storey granite-clad building completed in 1988. The 11-storey glass-clad Tower 2 beside it was completed in 2009.
    • 78 Shenton Way’s Tower 1 (first from right) is a 34-storey granite-clad building completed in 1988. The 11-storey glass-clad Tower 2 beside it was completed in 2009. PHOTO: BT FILE

    [SINGAPORE] Allgreen Properties, part of Malaysian billionaire Robert Kuok’s Kuok Group, is said to be nearing a deal to buy 78 Shenton Way.

    Market watchers expect the price to be in the low-S$600 million range.

    Comprising two office towers, 78 Shenton Way has significant redevelopment potential under the Urban Redevelopment Authority’s (URA) Central Business District (CBD) Incentive Scheme.

    Singapore propertySingapore officesPGIMAllgreen Properties

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