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Changi City Point sold for $338 million

Shaun Poh • 30/08/2023

Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm is pleased to announce that it has successfully brokered the sale of Changi City Point at 5 Changi Business Park Central 1, Singapore (the “Property”) for $338 million.

The Property is a three-storey retail mall (with one basement) located in Changi Business Park, next to the Singapore Expo MRT station and near the Singapore Expo.

Mr. Shaun Poh, 傅子伟, Executive Director of Capital Markets at Cushman & Wakefield said, “Despite the rising interest rate environment, we continue to see investors favouring retail assets, especially the good quality and sizable suburban malls like Changi City Point given the positive rental outlook and scarcity of such assets.”

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