Market Chatter: Wharf REIC Reportedly Seals Deal to Sell Last Singapore Property

MT Newswires Live

Sep 09

Wharf Real Estate Investment (HKG:1997) is a step closer to exiting the Singapore market as it agreed to sell its last mall in the city-state, Bloomberg News reported Wednesday, citing people with knowledge of the matter.

The 12,160-square-meter Scotts Square property is being sold to local property tycoons Raj Kumar and Kishin RK for SG$310 million, according to the report.

Hong Kong-based Wharf REIC 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":"JJJ.SI","symbol_name":"Lion-Nomura Japan Active ETF","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2666658048","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2666658048","pubTimestamp":1788954267,"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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