SC Capital Partners Group has sold Rivervale Mall in Singapore on behalf of its SC Core Fund (SCORE) in an off-market deal. The suburban retail asset was acquired in March 2019 for S$230 million (US$179.9 million) and sold for S$276 million (US$215.9 million), representing approximately a 20 percent premium to acquisition cost, with the transaction completed on 30 September 2026. The sale price also represented an approximately 6 percent premium to the asset’s most recent valuation in June 2026. A buyer was not disclosed.
Rivervale Mall is a well-established neighbourhood retail and community destination in Sengkang, comprising approximately 81,100 square feet (7,534 square metres) of net lettable area. Acquired in 2019 for its strong residential catchment, low occupancy costs and embedded rental growth potential, the asset was sold at near 100 percent occupancy across more than 60 tenants, reflecting its strong operating performance and appeal to retailers.
SC Capit
