Link REIT’s manager announced on November 10, 2026, that the trust plans to buy a 50.1% stake in Singapore’s Eastpoint Mall from Income Insurance for S$239.5 million (approximately RMB 1.248 billion). Link will also become the mall’s asset and property manager. Income Insurance, which currently owns the mall outright, will retain a 49.9% stake after the transaction.
Eastpoint Mall is a retail property in eastern Singapore with direct access to Simei MRT station. It has about 214,000 square feet (approximately 19,881 square metres) of lettable area.
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 in 2027; the mall is expected to remain open during the work. Following completion, Link will manage three Singapore retail properties: Eastpoint Mall, Jurong Point and AMK Hub.
Link’s chief investment officer, Song Junyan, said selling non-core assets remains the trust’s main focus, but described this investment as attractive and capital-efficient. Link said the deal would allow Income Insurance to recycle capital, following advice from its real estate investment manager, CapitaLand Investment.
At the Hong Kong market close on November 10, Link REIT shares were at HK$40.82, up 0.25%.