Hong Kong real estate giant Link Reit is acquiring two Singaporean retail developments, Jurong Point and Swing By @ Thomson Plaza, for US$1.6 billion.
Upon the transaction's completion with the seller, Mercatus Co-operative Limited, Link will be one of the top 10 retail asset owners in Singapore and the sixth largest shopping center operator by footprints.
As part of the transaction, Link will sign a 10-year asset and property management service contract for AMK Hub, a third suburban shopping center that will continue to be owned by Mercatus.
According to Link CEO George Hongchoy, the transaction allows them to build a dedicated team in Singapore and create a base to expand further into other asset classes and strategies in Asia Pacific.
The two properties generated an annualized net property income of $79 million as of last October.


Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences
Office design isn’t keeping up with post-COVID work styles - here’s what workers really want
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge
AI is driving down the price of knowledge – universities have to rethink what they offer
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election
Youth are charting new freshwater futures by learning from the water on the water
The ghost of Robodebt – Federal Court rules billions of dollars in welfare debts must be recalculated
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 



