CICT Leads S$1.5 Billion Hougang Central Mixed-Use Development to Deepen Singapore Focus

CapitaLand Investment Limited ( (SG:9CI) ) has provided an update.

CapitaLand Integrated Commercial Trust has, via a consortium structure, secured a Housing and Development Board tender for a large 99-year leasehold mixed-use commercial and residential site at Hougang Central with a bid of about S$1.5 billion. CICT’s Commercial Trust will fully develop and own the commercial component, comprising around 300,000 square feet of net lettable area, at an expected development cost of about S$1.1 billion and an estimated yield on cost above 5%, with completion targeted around 2030–2031. The transaction deepens CICT’s exposure to the Singapore market, aligns with its strategy of growing through development to create value, and further reinforces its positioning as a core vehicle for investors seeking commercial real estate exposure in one of the region’s most stable and resilient markets.

The most recent analyst rating on (SG:9CI) stock is a Buy with a S$3.65 price target. To see the full list of analyst forecasts on CapitaLand Investment Limited stock, see the SG:9CI Stock Forecast page.

More about CapitaLand Investment Limited

CapitaLand Integrated Commercial Trust (CICT) is a Singapore-listed real estate investment trust focused on commercial properties, with a portfolio strategy centred on retail and office assets in Singapore. Managed by CapitaLand Integrated Commercial Trust Management Limited, CICT positions itself as a key proxy for Singapore’s commercial real estate market, pursuing growth through development-led value creation while maintaining a predominantly Singapore-centric asset base.

Average Trading Volume: 11,089,692

Technical Sentiment Signal: Buy

Current Market Cap: S$14.95B

For an in-depth examination of 9CI stock, go to TipRanks’ Overview page.