REGIONAL UPDATES

Hongkong Land Acquires Wheelock Place in Landmark US$900M Deal

Hongkong Land purchases Singapore’s Wheelock Place for US$900 million, marking SCPREF’s first acquisition. Deal details and expected completion date inside.

Editorial Desk

July 30, 2026 One Min Read

POLICY WIRE — Singapore — Hongkong Land has announced the acquisition of Wheelock Place in Singapore for approximately S$1.1 billion (US$900 million). The transaction is being executed through its Singapore Central Private Real Estate Fund (SCPREF), representing the fund’s inaugural acquisition since its establishment in February.

Wheelock Place, a mixed-use commercial property located on Orchard Road, is being purchased from an entity affiliated with Hong Kong-listed Wharf Real Estate Investment Company. The announcement was made in a statement released by Hongkong Land on Thursday.

The acquisition marks a significant move for SCPREF, which was launched earlier this year to invest in prime real estate assets in Singapore. The fund is managed by Hongkong Land, a leading developer — and investor in prime commercial properties across Asia.

“This acquisition underscores our confidence in Singapore’s real estate market and our commitment to investing in high-quality assets,” said a spokesperson for Hongkong Land.

The transaction is expected to be completed by the end of the year, subject to customary closing conditions and regulatory approvals.

Reporting by Policy-Wire (PW)

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