CapitaLand and IOI Close to Buying Singapore $1.9 Billion One Raffles Place

Bloomberg Markets•Thu, Aug 20, 2026, 10:20 AM•2 min read

CapitaLand Investment Ltd. and Malaysian developer IOI Properties Group Bhd. are nearing a deal to buy an iconic office development in Singapore’s commercial center, according to people familiar with the matter.

Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-08-20/capitaland-and-ioi-close-to-buying-singapore-1-9-billion-one-raffles-place)

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