Hongkong Land Holdings Limited announced on Dec, 12 2025 that it is finalising the launch of the Singapore Central Private Real Estate Fund (SCPREF), expected to open with more than 8 billion Singapore dollars of assets under management.

The company said SCPREF will focus on prime commercial properties in Singapore and will be seeded with Hongkong Land’s existing interests in One Raffles Quay, Marina Bay Financial Centre Towers 1 and 2, and One Raffles Link. These assets have a combined attributable value of about 3.9 billion Singapore dollars and represent roughly 3.2 million square feet of office space on a 100 % basis.

Ahead of the fund’s formation, Hongkong Land agreed to sell its 33⅓ % stake in Marina Bay Financial Centre Tower 3 to Keppel REIT for an attributable property value of roughly 1.5 billion Singapore dollars, 2 % above the company’s independent valuation dated Jun, 30 2025. The disposal lifts Hongkong Land’s cumulative capital recycling since 2024 to 2.8 billion U.S. dollars, or about 70 % of its 4 billion U.S. dollar target set for 2027.

Proceeds from the Tower 3 sale, together with third-party equity commitments now in final documentation, will support SCPREF’s establishment. Hongkong Land reiterated its strategy to expand total assets under management to 100 billion U.S. dollars by 2035 with significant third-party participation.

The company said it will continue to invest recycled capital in ultra-premium integrated commercial properties in Singapore and expects to issue a further update on SCPREF’s formation in the first quarter of 2026.