CapitaLand Ascendas REIT (CLAR) plans to divest Kim Chuan Telecommunications Complex at 38 Kim Chuan Road in Singapore for approximately S$200.4 million ($155 million) to an unrelated third party. The sale consideration is double the original purchase price of S$100 million ($77 million), at which CLAR acquired the property in March 2005. It also represents a premium of approximately 32 percent to the independent market valuation of S$151.8 million ($117.5 million) as of June 2026.
“This divestment underscores our disciplined approach to portfolio optimisation and capital recycling,” said William Tay, CEO and executive director of CapitaLand Ascendas REIT Management Limited. “It will enhance CLAR’s financial flexibility to invest in accretive opportunities and strengthen the quality of the portfolio. Singapore remains a key market for CLAR as we continue to build a globally diversified portfolio. We will continue to invest strategically in Singapore and other develope
