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Hongkong Land to launch private prime real estate fund
The Straits Times
|December 13, 2025
Its interests in One Raffles Quay, MBFC Towers 1 and 2 to be injected into $8b fund
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Hongkong Land on Dec 12 announced that it is injecting its interests in One Raffles Quay and Marina Bay Financial Centre (MBFC) Towers 1 and 2 into a new real estate fund to be set up.
The move follows Hongkong Land’s sale of its one-third stake in MBFC Tower 3 to Keppel REIT for around $1.5 billion, announced a day earlier.
The new Singapore Central Private Real Estate Fund (SCPREF) is expected to hold more than $8 billion in assets under management (AUM) at its inception. It will be Singapore's biggest private real estate fund and focus exclusively on managing prime commercial property assets in the Republic.
“The establishment of SCPREF is in line with the company’s strategy to grow its AUM to US$100 billion (S$129 billion) by 2035, with meaningful participation from third-party capital investors,” Hongkong Land said.
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