Cuscaden Peak selling $730M mall at 15% premium - what investors should know
Key Points
- Singapore's Clementi Mall is listed for $730-750 million, 15...
A mall with 100% occupancy and 30 million annual visitors hitting the market for $730-750 million might sound like a dream deal - until you realize the owners are asking 15% above its recent valuation. Welcome to Singapore's real estate market, where confidence apparently costs extra.
Cuscaden Peak, the joint venture between Temasek heavyweights Mapletree and CapitaLand, is putting The Clementi Mall on the auction block as part of what they're calling "strategic portfolio optimization." Translation: they're Marie Kondo-ing their assets after gobbling up Paragon REIT earlier this year, keeping...
While we have taken every measure to build an AI pipeline that generates credible and accuracte news, we still encourage you to conduct your own research before making investment decisions. InsAIght's content should not be considered professional financial or trading advice.