Market Chatter: CapitaLand Group, Hongkong Land Chalked Up as Potential Bidders for SG$5.7 Billion Marina One in Singapore

MT Newswires05-06

CapitaLand Group and Hongkong Land (SGX:H78) have emerged as potential bidders for the Marina One commercial complex in Singapore, Bloomberg reported Wednesday, citing sources familiar with the matter.

The high-rise complex is owned by a joint venture between Malaysia's sovereign wealth fund Khazanah Nasional and Singapore's state-owned Temasek, the report added.

The partners are pricing the property at around SG$5.7 billion, according to the report. The property includes an office space, retail space and a few apartments.

(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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