Frasers Centrepoint Trust in talks to sell White Sands mall for over S$470 million
Local private equity firm TE Capital is said to be the prospective buyer
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[SINGAPORE] Frasers Centrepoint Trust (FCT) is in the process of selling its White Sands shopping mall in Pasir Ris, with local private equity firm TE Capital said to be in exclusive due diligence for the deal.
The Business Times understands that the suburban retail property could fetch over S$470 million, implying an exit yield of around 4.5 per cent.
Located next to Pasir Ris MRT station, White Sands is on a site with 99-year leasehold tenure from May 1993; this leaves a balance of about 66 years. FCT acquired the property in 2020 for S$428 million. As at Sep 30, 2025, the mall was valued at S$431 million.
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