Capital Recycling · 5 stories
Listed companies selling legacy land and property to pay down debt or fund their core business. These deals are where decades-old landbanks finally get a market price attached to them, which makes them the most useful public evidence of what land in a given location is actually worth.
IOI Properties completes S$2.47b Asia Square Tower 2 deal
IOI Properties paid S$2.47 billion (RM7.95 billion) on 17 September 2026 for the 46-storey Marina Bay office tower, about S$3,200 per sq ft of lettable area. It bought MVKimi (BVI)…
AmFIRST REIT sells Menara AmBank for RM331mil, hunting for industrial and healthcare assets - its best performer is a hypermall in Bukit Mertajam
The AmBank-sponsored trust is selling its Kuala Lumpur headquarters tower at a 3.7% yield, cutting gearing from 46.6% to 33.9%, and says the first acquisition in a decade will be a…
IOI Properties halves the debt paydown from its RM7.58bil REIT and doubles the money for new property
IOIPG Malaysia REIT was constituted on 11 September and its nine sale agreements and six hotel master leases are signed. The 14 September filing cuts debt repayment from RM3.04 bil…
Formosa Prosonic sells Sungai Petani factory for RM22.1mil, closes the site, moves to Port Klang
Formosa Prosonic is selling its 26-year-old Sungai Petani factory for RM22.1 million and shutting it down entirely as it consolidates into Port Klang. The RM5.3 million earmarked f…
Chin Hin buys 2.6-acre Jalan Sultan Ismail site from YNH for RM455 million — about RM4,000 psf
YNH Property is selling a freehold Golden Triangle parcel it has held since 2004 for RM455 million — about 5.9 times its book value, and 9% below an independent valuation. The gap …
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