Link REIT plans to buy a 50.1% stake in Singapore’s Eastpoint Mall from Income Insurance for S$239.5 million (approximately 1.248 billion yuan), according to a November 10, 2026 report by The Paper. Link will become the mall’s asset and property manager, while Income Insurance will retain the remaining 49.9% stake.
Eastpoint Mall is a retail property in eastern Singapore with direct access to Simei MRT station. It has approximately 214,000 square feet (19,881 square metres) of lettable area. Once the transaction is completed, Link will manage three retail properties in Singapore: Eastpoint Mall, Jurong Point and AMK Hub.
Link REIT expects to fund the purchase through internal resources and debt financing and complete it in the first quarter of 2027. The parties plan to begin phased improvements to the mall in 2027; it is expected to remain open during the work.
Link’s executive director and chief investment officer, Song Junyan, said selling non-core assets remains the company’s main focus, but described this investment as attractive and capital-efficient. Link said the sale would allow Income Insurance to recycle capital in line with advice from CapitaLand Investment, which was appointed its real estate investment manager in April 2026.
Link REIT shares closed at HK$40.82 on November 10, up 0.25%, according to the report.