Asia Square 2 in Capitaland’s Sights

• 30 May 2017
• International News
• 1947 Views

CapitaLand, Singapore’s leading real estate developer and fund manager, is negotiating to purchase Asia Square 2 according to media reports.

Located in the ultra-exclusive and prime Marina Bay district in Singapore, the BlackRock-owned 46-storey Grade-A commercial building is estimated to be valued at more than USD1, 900 per square foot.

In June 2016, Asia Square Tower 1 was sold to the Qatar Investment Authority (QIA) for around USD2.4 billion, one of the largest ever property deals in the region. In November 2016, the empty plot next to Asia Square sold for around USD1.8 billion.

Considered to be one of Asia’s best developments, the scale of the deals in Asia Square continue to demonstrate the robustness of the Singapore market.

• Business and Market
• Investment and Funding