The Business Times
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Paragon’s journey from car showroom to S$3.9 billion jewel

BT traces the rich history of the iconic Orchard Road mall

Deon Loke

Deon Loke

Published Mon, Apr 20, 2026 · 06:59 PM
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    • CapitaLand Integrated Commercial Trust on announced the acquisition of Paragon mall from Cuscaden Peak for S$3.9 billion on Apr 20.
    • CapitaLand Integrated Commercial Trust on announced the acquisition of Paragon mall from Cuscaden Peak for S$3.9 billion on Apr 20. PHOTO: BT FILE

    [SINGAPORE] CapitaLand Integrated Commercial Trust ( CICT ) on Monday (Apr 20) announced the acquisition of Paragon mall from Cuscaden Peak for S$3.9 billion.

    Long considered a beacon of Singapore’s luxury retail market, the property has seen exciting times – from its beginnings as a car showroom, to becoming the anchor of a media giant and, later, real estate investment trust (Reit) and subsequent privatisation.

    The Business Times traces the rich history of the iconic Orchard Road landmark.

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    Paragon ReitSPHCapitaLand Integrated Commercial TrustTemasekMetro Holdings

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