Broker Name: DBS

Date of Report: 14 Jan 2026

Excerpt from DBS report.

• Report Summary
• CapitaLand Integrated Commercial Trust (CICT) is divesting 90 strata lots in Bukit Panjang Plaza for SGD428 million, a 10% premium to its latest valuation, with proceeds to reduce gearing and potentially fund the new Hougang Central development.
• CICT has successfully secured and will develop the commercial component of the mixed-use Hougang Central site, expecting a development yield above 5%, with the project strengthening its retail portfolio and providing potential valuation upside upon completion.

Above is an excerpt from a report by DBS. Clients of DBS can be the first to access the full report from the DBS website: https://www.dbs.com.sg