Reported November 10, 2026.
Link REIT’s manager announced plans to acquire a 50.1% stake in Eastpoint Mall from Income Insurance for S$239.5 million (approximately RMB 1.248 billion). Link would also become the Singapore mall’s asset and property manager. Income Insurance, which currently owns the property outright, would retain a 49.9% stake.
Eastpoint Mall is a retail property in eastern Singapore with direct access to Simei MRT station. It has approximately 214,000 square feet (19,881 square metres) of lettable space.
Link REIT expects to fund the purchase through internal resources and debt financing, with completion anticipated in the first quarter of 2027. The parties plan to begin phased improvements to the mall in 2027; it is expected to remain open during the work. If the deal closes, Link would manage three Singapore retail properties: Eastpoint Mall, Jurong Point and AMK Hub.
Link executive director and chief investment officer Song Junyan said selling non-core assets remained Link’s main focus, but described this opportunity as attractive and capital-efficient. Link said the transaction would allow Income Insurance to recycle capital in line with advice from its real estate investment manager, CapitaLand Investment. Those are the companies’ assessments, not confirmed outcomes of the proposed deal.
At the November 10 Hong Kong market close, Link REIT units were at HK$40.82, up 0.25%.
