Stock Track | HongkongLand USD Soars 3.17% Intraday on S$8 Billion Real Estate Fund Launch and Asset Sale

Stock Track

Dec 12

HongkongLand USD (H78.SI) surged 3.17% during intraday trading on Friday, driven by the company's announcement of its upcoming Singapore Central Private Real Estate Fund (SCPREF) launch and a strategic asset sale.

The fund, expected to hold over S$8 billion in assets under management, will focus on prime commercial properties in Singapore, including HongkongLand's existing interests in One Raffles Quay and Marina Bay Financial Centre Towers. The company also disclosed the sale of its 33⅓% stake in Marina Bay Financial Centre Tower 3 to Keppel REIT for S$1.5 billion, marking progress toward its capital recycling target. These developments underscore HongkongLand's strategy to expand third-party asset management and reinvest in premium properties.

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The company also disclosed the sale of its 33⅓% stake in Marina Bay Financial Centre Tower 3 to Keppel REIT for S$1.5 billion, marking progress toward its capital recycling target. These developments underscore HongkongLand's strategy to expand third-party asset management and reinvest in premium properties.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"H78.SI","symbol_name":"置地控股有限公司","start_time":0,"source_url":"","article_id":"1157514863","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1157514863","pubTimestamp":1765501599,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"HongkongLand USD (H78.SI) surged 3.17% during intraday trading on Friday, driven by the company's announcement of its upcoming Singapore Central Private Real Estate Fund (SCPREF) launch and a...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"H78.SI":"置地控股有限公司"},"translate_title":"个股轨迹|80亿新元房地产基金推出及资产出售HongkongLand美元盘中大涨3.17%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"H78.SI":1},"content_text":"HongkongLand USD (H78.SI) surged 3.17% during intraday trading on Friday, driven by the company's announcement of its upcoming Singapore Central Private Real Estate Fund (SCPREF) launch and a strategic asset sale.The fund, expected to hold over S$8 billion in assets under management, will focus on prime commercial properties in Singapore, including HongkongLand's existing interests in One Raffles Quay and Marina Bay Financial Centre Towers. 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