Market Chatter: Wharf REIC Plans Divestment of Singapore Mall Properties

MT Newswires Live

Jul 10

Wharf Real Estate Investment (HKG:1997) is eyeing the disposal of the Wheelock Place and Scotts Square malls in Singapore, Bloomberg reported Friday citing people familiar with the matter.

Wharf is reportedly targeting a sale price higher than the HK$7.7 billion valuation of the properties as of end-2025, according to its recent annual report.

The property investment company is aiming to expedite the sale of Scotts Square first amid problems including a high tenant turnover and low footfall, Bloomberg said, citing the people.

Wharf owns the properties, located in the Orchard Road shopping district, through a unit in Singapore, according to the report.

Wharf Real Estate Investment did not immediately respond to MT Newswires' request for a comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. 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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2226123490.SGD","symbol_name":"Janus Henderson Horizon Asia-Pacific Property Income A5m SGD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2650189435","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2650189435","pubTimestamp":1783677407,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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