Hongkong Land said to weigh sale of Singapore developer MCL

Quick Summary:

Company seeking to divest MCL Land at a premium to its book value of $1.1 billion, sources say.

The group develops, owns and manages ultra-premium mixed-use real estate in Asian gateway cities, spanning more than 850,000 square metres.

MCL Land counts properties in Singapore and Malaysia.

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Article Details

Category: EconomyBusiness

Markets: SingaporeBermudaHong KongMalaysia

Topics: People Billion Land Singapore-listed Singapore Development Grove Hongkong Group Property According

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-05 @ 16:40:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 383 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 24135596

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

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Year Established: 1845

Headquarters: Singapore

News Last Updated: 10 hours ago

Coverage Areas: Singapore

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Publisher ID: #25

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