The Business Times
SINGAPORE PROPERTY
·
SUBSCRIBERS

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

Summarise
Kalpana Rashiwala

Kalpana Rashiwala

Published Mon, Jan 19, 2026 · 10:12 PM
    • 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.

    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.

    Singapore propertySingapore officesPGIMAllgreen Properties

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback
    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