# Scotts Square mall changes hands for $310 mil, wrapping up Wharf REIC’s Singapore portfolio divestment

- **Source:** EdgeProp Singapore
- **Published:** 2026-09-11T09:31:40.000Z
- **Author:** Ashley Lo
- **Original:** https://www.edgeprop.sg/property-news/scotts-square-mall-changes-hands-310-mil-wrapping-wharf-reics-singapore-portfolio-divestment
- **Topics:** Private Residential, Commercial & Industrial, Transactions & Deals

## Featured rationale

The sale at 31% below its $450 million 2024 guide price signals pricing discipline among buyers and may influence valuations of Orchard retail assets.

## AI summary

Wharf REIC sold Scotts Square’s 130,875 sq ft retail podium to Royal Capital and RB Capital for $310 million, or $2,368 psf.

## Original article

Hong Kong-based firm Wharf Real Estate Investment Company (Wharf REIC) has sold the retail podium of Scotts Square in Orchard for $310 million.

Spanning four storeys, the retail space has a gross floor area of around 130,875 sq ft. This translates to a price of $2,368 psf.

The joint buyers are Royal Capital and RB Capital, The Business Times reported on Sept 9.

The sale, brokered by CBRE, concludes Wharf REIC’s divestment of its Singapore portfolio as it exits the city-state.

Read also: CDL to sell Osaka hotel to Blackstone-managed funds for JPY14 bil

It follows the recently completed sale of Wheelock Place for $1.11 billion in July, according to law firm Lee & Lee, which advised Wharf REIC on the sale of both properties. The mixed-used development along Orchard Road was acquired by Hongkong Land Holdings through its Singapore Central Private Real Estate Fund.

Completed in 2011, Scotts Square is a mixed-use development situated between the Grand Hyatt Singapore and Singapore Marriott Tang Plaza Hotel. It comprises a retail podium and two luxury residential towers, which house a total of 338 apartments.

Prior to this sale, Scotts Square first entered the market in 2024 with a guide price of $450 million.

Check out the latest listings for Scotts Square properties

## Chinese translation

> Translation model: grok_cli

### Scotts Square商场以3.10亿新元易手，Wharf REIC完成新加坡投资组合撤资

按该零售裙楼总楼面面积130,875平方英尺计算，此交易约合每平方英尺2368新元。

香港企业Wharf Real Estate Investment Company（Wharf REIC，九龙仓置业）已以3.10亿新元出售位于乌节路的Scotts Square零售裙楼。

该零售空间共四层，总楼面面积约130,875平方英尺。这折合每平方英尺2368新元。

据《商业时报》9月9日报道，联合买家为Royal Capital和RB Capital。

该交易由CBRE（世邦魏理仕）促成，标志着Wharf REIC完成新加坡投资组合撤资，退出新加坡。

另见：CDL将以140亿日元向黑石管理的基金出售大阪酒店

据为Wharf REIC上述两宗物业出售提供法律顾问服务的Lee & Lee律师事务所表示，此次交易接续7月刚完成的Wheelock Place以11.1亿新元出售。乌节路这一综合用途发展项目由Hongkong Land Holdings（香港置地控股）通过其Singapore Central Private Real Estate Fund收购。

Scotts Square于2011年竣工，是一座综合用途发展项目，坐落于新加坡君悦酒店（Grand Hyatt Singapore）与新加坡万豪唐广场酒店（Singapore Marriott Tang Plaza Hotel）之间。项目包括一座零售裙楼和两座豪华住宅大楼，合共338套公寓。

在此次出售之前，Scotts Square于2024年首次入市，指导价为4.50亿新元。

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