Advertisement
CapitaLand Integrated Commercial Trust to Sell Asia Square Tower 2 for $2.48 Billion
Advertisement
On Monday, April 20, Singapore's CapitaLand Integrated Commercial Trust announced its agreement to sell Asia Square Tower 2, a commercial property located in the Marina Bay area, to Malaysia's IOI Properties for $2.48 billion.
The 773,000 sq ft property, which includes office, hotel, and retail spaces, was completed in 2013 and was valued at $2.25 billion as of December 31, according to the company.
The trust anticipates a profit of approximately $199.9 million after accounting for divestment costs from the net proceeds, with the transaction expected to finalize in the second half of 2026.
In a separate announcement, the trust revealed plans to acquire Paragon, a high-end retail mall, for nearly $3.85 billion from Singapore's state-owned investment company, Temasek.
The acquisition will be financed through a mix of debt, a $600 million private placement, and proceeds from the sale of Asia Square Tower 2.
Ada Choi Embraces Living in the Present
Ada Choi is learning to live in the present, rather than in the future.
Meta AI Glasses Now Available in Singapore
Exciting news for those interested in Meta AI glasses! Ray-Ban and Oakley have officially launched their Meta AI glasses in Singapore.
Singapore's GasCo Secures Additional LNG Cargoes Amid Market Volatility
SINGAPORE — Singapore's state gas buyer, GasCo, has secured extra cargoes of liquefied natural gas (LNG) to mitigate supply shortfalls caused by the US-Israel conflict with Iran. The company plans to pursue long-term supply agreements this year, despite the ongoing market instability.
Is the UOB EVOL Credit Card the Easiest Way to Earn 10% Cashback?
Advertisement
Trending
The True Origin of Ho Ching Road in Jurong West
Many people might assume that Ho Ching Road in Jurong West is named after Ho Ching, the wife of Senior Minister Lee Hsien Loong, but its name actually has a different origin.
Singapore's GasCo Secures Additional LNG Cargoes Amid Market Volatility
SINGAPORE — Singapore's state gas buyer, GasCo, has secured extra cargoes of liquefied natural gas (LNG) to mitigate supply shortfalls caused by the US-Israel conflict with Iran. The company plans to pursue long-term supply agreements this year, despite the ongoing market instability.
Advertisement
Oil Prices Surge Amid US-Iran Tensions
LONDON — Oil prices surged over six percent in early trading on Monday (April 20) due to concerns that the ceasefire between the US and Iran could break down after the US seized an Iranian cargo ship, while traffic through the Strait of Hormuz remained largely disrupted.
Chocolate Dreams: A Sweet Journey Through the World's Most Decadent Destinations
"Happiness. Simple as a glass of chocolate or tortuous as the heart. Bitter. Sweet. Alive." These poetic words by Joanne Harris, author of Chocolat, perfectly capture the universal magic of chocolate that transcends cultures and borders.
What Singapore Residents Should Know About Using Medisave for Dental Care
Medisave is Singapore’s national healthcare savings scheme, designed to help citizens and permanent residents set aside part of their income for future medical needs. While many associate Medisave with hospital stays and major procedures, fewer people realise that it can also be used for selected dental services under specific conditions.Understanding what is covered — and what is not — can help patients plan their dental expenses more effectively and avoid unexpected out-of-pocket costs.When Ca
BMW Unveils All-New i3 Sedan in Singapore – Could This Be the Best 3 Series Yet?
Gold in 2026: How Singaporeans Can Safely Grow Their Wealth
The Inspiring Journey of Lee Hun: A One-Handed Pianist's Triumph Over Adversity
SEOUL — After suffering a major stroke that left South Korean pianist Lee Hun paralyzed on his right side in 2012, his initial concern was whether he would ever walk again.
Advertisement
Shocked by Your Latest Utility Bill? Here’s How Singaporeans Can Cut Electricity and Gas Costs
The Mind Cafe's Flagship Store to Close, But a Bigger Adventure Awaits
For twenty years, The Mind Cafe's main location at 60A Prinsep Street has served as a beloved gathering spot for friends and family to enjoy board games for countless hours.
Support for Hawkers Amid Rising Costs in Chinatown
A braised duck stall owner in Chinatown has come to the defense of a fellow hawker who faced criticism for introducing a gas and oil surcharge.
Curious Culinary Adventure: Crocodile Feet at Marina Bay Sands Buffet
"Would you have tried it?" This was the question posed by a woman to her Instagram followers after discovering a unique dish at a buffet in a Marina Bay Sands restaurant: Crocodile feet.
Tips on buying a used car in Singapore
Overall, Singapore’s used car market continues to evolve toward greater transparency and smarter purchasing behavior. Buyers today are more informed, cautious, and value-focused, making research and preparation the most important tools for securing a reliable and cost-effective vehicle.
Cost of living in Singapore 2026: How much more are you paying due to high oil prices?
Overall, the 2026 cost of living trend in Singapore reflects how global energy markets directly influence daily life. Even events happening far away can affect everything from transportation and groceries to utilities and travel, making financial planning more important than ever for households.
Oil Prices Decline Amid Peace Talk Expectations Between US and Iran
Oil prices experienced a drop on Tuesday (April 21), reversing the gains made in the previous session. This decline is attributed to expectations that peace talks between the US and Iran will occur this week, potentially allowing for increased supply from the critical oil-producing region in the Middle East.
The best Pilates studios in Singapore
Greenview Cafe's Transition: From Far East Plaza to Affordable Dining in Ang Mo Kio
For decades, Greenview Cafe has been a popular dining destination in town, known for its affordable prices.
Remembering Eugene Lim: A Tribute to a Marathoner and Cancer Advocate
Eugene Lim, a passionate marathon runner and sports lover, passed away at the age of 45 on April 10, just three days after marrying his long-time partner, Sofie Chandra, while hospitalized.
Global Oil Supply Disruption: Over $50 Billion Lost Due to Iran Conflict
LONDON — Analysts and calculations from Reuters indicate that the world has lost more than US$50 billion (S$64 billion) in crude oil production since the Iran conflict began nearly 50 days ago, with the repercussions likely to last for months and even years.
Jaw Expansion or Tooth Removal? What Singapore Orthodontists Recommend for a Perfect Smile
If you’ve been told that braces require tooth removal or invasive surgery, it may be worth seeking a second opinion. Modern orthodontics offers solutions that are gentler, more effective, and better suited to each patient’s unique anatomy.
Recommended
How to choose a renovation company in Singapore
The most important factors to focus on—right at the core of the decision—are proper licensing, proven experience, transparent quotations, clear contracts, and reliable communication. These elements determine whether your renovation journey becomes a smooth transformation or a costly lesson.
UAE Summer Survival Guide: Best Hours to Go Outdoors and Avoid Extreme Heat
Dubai, Abu Dhabi or Sharjah: Which UAE airport offers cheapest flights this summer?
MRM Stables Triumphs at Dubai Crown Prince Endurance Cup
MRM Stables claimed victory at the Dubai Crown Prince Endurance Cup held at Dubai International Endurance City in Seeh Al Salam on Wednesday. Abdulla Abdulrahman Al Bastaki played a crucial role in securing the win during the prominent event of the Dubai Crown Prince Endurance Festival, making his move just past the halfway point of the competition.
Advertisement
Platform workers to get $200 payout from end-April amid Middle East tensions
Surge in Demand for Hybrid and Electric Vehicles in the UAE Amid Rising Fuel Prices
Lexus’ UAE dealer, Al Futtaim, reported a similar trend, with increasing demand for hybrids in recent months. “Overall, demand is evolving steadily, indicating a longer-term shift in how customers assess their mobility options, further reinforced by the current market dynamics,” said Jacques Brent, Managing Director of Al-Futtaim Lexus UAE.
Remembering Javed Miandad's Iconic Six: The 40th Anniversary of the 1986 Austral-Asia Cup Final
Pakistan 248/9 in 50 overs
The Singapore FIRE Guide 2026: Passive Income vs. Portfolio Growth
How To Choose The Perfect Nail Salon In Business Bay For You
UAE approves Dh299 million housing support for citizens