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CapitaLand Mall ( (SG:C38U) ) has issued an announcement.
CapitaLand Integrated Commercial Trust, as part of a consortium, has submitted the highest bid of approximately $1.5 billion for a mixed-use commercial and residential site at Hougang Central, Singapore. The development will integrate with local transport hubs and is expected to feature 830 residential units and 300,000 square feet of retail space, potentially becoming the largest mall in Hougang. This strategic move is set to enhance CICT’s market position by leveraging its expertise in mixed-use developments and expanding its footprint in a key location.
The most recent analyst rating on (SG:C38U) stock is a Buy with a S$2.59 price target. To see the full list of analyst forecasts on CapitaLand Mall stock, see the SG:C38U Stock Forecast page.
More about CapitaLand Mall
CapitaLand Integrated Commercial Trust (CICT) is a prominent player in the real estate industry, focusing on integrated commercial developments. It operates primarily in Singapore, offering a range of retail, office, and integrated developments, and is managed by CapitaLand Integrated Commercial Trust Management Limited.
Average Trading Volume: 24,478,716
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$17.73B
For a thorough assessment of C38U stock, go to TipRanks’ Stock Analysis page.