Hongkong Land takes 10.8% stake in Suntec REIT for $541m

The group bought the interest at a discount of $2.03 per unit.

Hongkong Land Holdings Limited has acquired a 10.8% interest in Suntec Real Estate Investment Trust (Suntec REIT) from ESR Group Limited for $541m (US$422m).

The REIT’s portfolio includes office and retail assets across Singapore’s central business district, notably a 33 1/3 % interest in Marina Bay Financial Centre (Towers 1 & 2) and One Raffles Quay.

The same assets are also held 33 1/3 % by the Singapore Central Private Real Estate Fund, which is majority owned and managed by Hongkong Land.

The group said the acquisition allows it to deploy recycled capital into prime Singapore commercial properties and adds yield from Suntec REIT to its earnings profile.

The investment was made at a discount to the REIT’s independent net asset value of $2.03 per unit as of 31 December 2025.

Separately, Tang Organization holds approximately 36 % of Suntec REIT units, after its subsidiary, Acrophyte Asset Management Pte Ltd, acquired the REIT manager.

$1 = US$0.78

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia