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Saturday, January 31st, 2026
Market UpdatesREITS SGSingapore SGX stocks

CICT Divests Bukit Panjang Plaza for $428M to Fund Hougang Central Mall Development with 10% Valuation Upside 1

Posted on January 15, 2026 at 3:59 pm (GMT+8)

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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

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