US$8bn Deal Creates Largest Real Estate Group in Asia

Photo: Yahoo finance

Singapore-based real estate developer CapitaLand announced in January that it had reached an agreement with Temasek to purchase Ascendas-Singbridge Pte Ltd in a deal worth US$8bn that would create the largest diversified real estate group in Asia.

Ascendas-Singbridge manages three listed trusts, Ascendas Reit, Singapore’s first industrial and business space trust; Ascendas India Trust, the first Indian property trust in Asia; and Ascendas Hospitality Trust, which has a portfolio of 14 hotels in Australia, Korea, Japan and Singapore. It’s flagship projects include Singapore Science Park and Changi Business Park in Singapore, as well as Dalian Ascendas IT Park and Singapore Hangzhou Science and Tech Park in China.

CapitaLand is one of the largest real estate developers in Southeast Asia with major projects in the region including in Cambodia and Vietnam.

- Video Advertisement -

Related Post

Cambodia-France Trade Exceeded $206 Million in 2024

Bilateral trade between Cambodia and France surpassed $206 million in 2024, with both nations committing to further expanding their trade volume and investment. This commitment was highlighted during a meeting between Samdech Khuon Sudary, President of the Cambodian National Assembly, and a French investor delegation. The delegation was led by Mr. François Guez, CEO of […]

Year-End Home Purchase at Borey Peng Huoth Guarantees Satisfaction

Unmissable ‘Grand December’ Promotion Offers Incredible Deals and Flexible Payment Plans Customers looking to purchase a home at Borey Peng Huoth right now are in for a very special treat with the “Grand December” promotion, which offers unprecedented gifts and payment conditions. Borey Peng Huoth guarantees that you will not be disappointed with a year-end […]

Cambodia’s Trade Surges to Over USD 52.5 Billion in First Ten Months of 2025

Cambodia’s international trade continued its strong upward momentum in 2025, reaching USD 52.57 billion in the first ten months of the year—a robust 16.5% increase compared to the same period in 2024. The data was released by the General Department of Customs and Excise on November 10, 2025. Exports remained a major driver of growth, […]

Indonesia Brings Cultural Night Market to Phnom Penh to Celebrate 66 Years of Friendship

The Indonesian Embassy in Cambodia has announced exciting plans to establish an Indonesian night market on the bustling Chaktomuk pedestrian street in Phnom Penh. Indonesian Ambassador to Cambodia, Mr. Santo Damosumarto, made the announcement during a meeting with Phnom Penh Governor, Mr. Khuong Sreng. The night market is scheduled to take place on either November […]

Bentley Systems Welcomes Cate Lochead as Chief Marketing Officer

Brings marketing leadership in AI innovation and enterprise software EXTON, Pa., October 8, 2025 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced the appointment of Cate Lochead as Chief Marketing Officer. She brings marketing leadership in AI innovation and more than 20 years of experience in enterprise software to Bentley. Most recently, Lochead […]

Cambodia’s Rice Exports Surge in 2025, Surpassing USD 400 Million

In a remarkable achievement for its agricultural sector, Cambodia has generated over USD 400 million from rice exports in the first nine months of 2025, according to a recent report by the Cambodian Rice Federation. The country successfully exported rice to 69 countries during this period, with total exports valued at approximately USD 408.93 million. […]