Singapore’s Wheelock Place is being sold for US$900 million through the Singapore Central Private Real Estate Fund, according to Inside Retail Asia.
The landmark mixed-use development, located along Orchard Road, combines retail and office space and has long been a fixture of the city-state’s shopping district. The acquisition adds to the fund’s portfolio of prime commercial assets in Southeast Asia.
The deal underscores continued investor appetite for premium retail and office properties in Singapore, even as global retail markets face shifting consumer habits. Further details on the transaction's timeline and terms were not disclosed by the seller or the fund.