Growing value across markets

Mapletree's strategy has powered its rise from a local enterprise to a global real estate player

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When VivoCity opened its doors in 2006, it redefined what a waterfront retail destination could be. Built on a bold wave-inspired design, the mall quickly became a landmark of Singapore's southern coast, drawing more than 13 million visitors in its first three months alone.

Behind the transformation was Mapletree, then a young real estate company formed only a few years earlier. That milestone project set the tone for what would become the company's hallmark: Creating value by reimagining space.

The former 24-hectare HarbourFront Precinct was once home to ageing office buildings, underused exhibition halls and vacant plots. "Transforming the HarbourFront Precinct into a thriving waterfront business and retail destination has been one of our most ambitious undertakings to date," says Mr Hiew Yoon Khong, Group Chief Executive Officer, Mapletree Investments. "Breathing new life into the area required physical redevelopment and a bold reimagination of its potential."

Since then, HarbourFront Precinct has continued to thrive, attracting a growing base of office and retail tenants. Today, its success — anchored by VivoCity, HarbourFront Centre, HarbourFront Towers One and Two, Bank of America HarbourFront, St James Power Station and The Reef at King's Dock — highlights Mapletree's vision for large-scale transformation.

As at March 31, 2025, Mapletree is a leading global real estate company with S$80.3 billion in assets under management (AUM), of which S$60.3 billion are third-party managed. Its business model integrates four key roles of developer, investor, capital manager and property manager, fuelling its expansion into 13 markets across Asia Pacific, the United Kingdom (UK), Europe and North America.