EconomicSingapore·15 Oct 2026
IOI Properties Group in talks to acquire Singapore assets
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Malaysian property tycoon Lee Yeow Seng engaged his firm, IOI Properties Group, in exclusive talks and due diligence to acquire the Chijmes retail venue and the Capitol Kempinski hotel in Singapore. Perennial Holdings marketed the hotel for approximately S$600 million, while Chijmes held a valuation of S$379 million at the end of 2025. This move served as…
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