The Business Times
business-time-50

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

BT traces the rich history of the iconic Orchard Road mall

google-preferred-sourceAdd BT as a preferred source
Deon Loke

Deon Loke

Published Mon, Apr 20, 2026 · 06:59 PM
阅读简体中文版 (beta)
    • 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.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Paragon ReitSPHCapitaLand Integrated Commercial TrustTemasekMetro Holdings

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    The Monetary Authority of Singapore said it is following up with the three Singapore entities to reinforce its expectations of conduct and compliance.

    Tiger Brokers, Moomoo, Longbridge Singapore units ‘financially independent’ amid China crackdown: MAS

    The departure of food manufacturing operations from Singapore may not necessarily be reason for concern.

    Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned

    KSL's Khoo Lee Feng says it is "not so much what you study, but how you learn".

    Johor property old hand KSL readies family handover amid market boom

    Nuclear power “is very much back in the conversation” in Asia, say industry observers.

    As India and China surge ahead with nuclear energy, all eyes on Asean’s next move

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More