United Overseas Bank Limited announced on Feb, 20 2026 that it is working with OUB Centre Limited (OUBC) to gauge market interest in One Raffles Place.

The disclosure follows a Business Times report on the same day suggesting the landmark office and retail complex could be marketed for between 2.3 billion Singapore dollars and 2.4 billion Singapore dollars.

OUBC owns One Raffles Place and holds 18.46% of the beneficial interest on trust for UOB. The bank also has an 8.15% indirect stake in the property through its 10% shareholding in OUBC.

UOB said there is no assurance any binding agreement or transaction will emerge from the exercise and pledged to provide further updates via SGXNET.

The company advised shareholders and potential investors to exercise caution when dealing in its shares and to seek professional advice if necessary.