CICT Formalises Joint Development for Mixed-Use Project at Hougang Central

CapitaLand Integrated Commercial Trust ( (SG:C38U) ) has issued an update.

CapitaLand Integrated Commercial Trust has entered into a Joint Development Deed for a mixed-use commercial and residential project at Hougang Central, working through its wholly owned Horizon Commercial Trust vehicle alongside Horizon Residential Pte. Ltd., which is jointly owned by CapitaLand Group and a UOL-led consortium. The agreement defines each party’s responsibilities, commercial and residential interests, and allocation of development costs, with stakes in the project determined by the agreed proportion of market value between commercial and residential components at the time of tender submission.

The structure gives CICT exposure to a new integrated development in a growing suburban hub, reinforcing its strategy to deepen its footprint in mixed-use assets that combine retail, office and residential demand drivers. For partners CLG and the UOL-led consortium, the deal formalises a value-sharing framework based on independently assessed market valuations, aligning incentives and providing clearer visibility over returns as the Hougang Central site is built out.

The most recent analyst rating on (SG:C38U) stock is a Buy with a S$2.80 price target. To see the full list of analyst forecasts on CapitaLand Integrated Commercial Trust stock, see the SG:C38U Stock Forecast page.

More about CapitaLand Integrated Commercial Trust

CapitaLand Integrated Commercial Trust is a Singapore-based real estate investment trust focused on integrated commercial properties, including retail and office assets. Managed by CapitaLand Integrated Commercial Trust Management Limited, it invests in and develops income-producing mixed-use properties in key urban locations across Singapore to generate stable returns for unitholders.

YTD Price Performance: 2.51%

Average Trading Volume: 23,305,985

Technical Sentiment Signal: Buy

Current Market Cap: S$18.65B

For an in-depth examination of C38U stock, go to TipRanks’ Overview page.