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Big investors such as Warburg Pincus, Reits by CapitaLand and Keppel lead action in Singapore commercial real estate

Data centres are the top pick for local investors in 2025

Jessie Lim

Jessie Lim

Published Wed, Dec 18, 2024 · 05:00 AM
    • CapitaLand Integrated Commercial Trust’s acquisition of a 50% stake in Ion Orchard for an agreed property value of S$1.85 billion has been the largest transaction in Singapore this year.
    • CapitaLand Integrated Commercial Trust’s acquisition of a 50% stake in Ion Orchard for an agreed property value of S$1.85 billion has been the largest transaction in Singapore this year. PHOTO: BT FILE

    SINGAPORE’S commercial real estate market was dominated by institutional investors this year, an MSCI Asia Pacific Capital Trends report for the third quarter showed.

    Institutional and listed buyers accounted for about 75 per cent of overall activity, said Benjamin Chow, MSCI’s head of real estate research for Asia. 

    Notable deals this year included a S$1.6 billion acquisition by Lendlease and US private equity giant Warburg Pincus of a portfolio of assets – comprising business parks and high-tech industrial facilities – from a real estate investment trust (Reit) owned by Blackstone and Lim Chap Huat, Soilbuild’s executive chairman. 

    Singapore propertyPrivate equity

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