Hongkong Land, a listed property development, investment, and management group focused on ultra-premium mixed-use real estate in major Asian gateway cities, has announced the launch of the Singapore Central Private Real Estate Fund (SCPREF), with assets under management of S$8.2 billion (US$6.4 billion) at inception, bringing together a portfolio of integrated commercial properties in Singapore’s Central Business District, Marina Bay, and Orchard Road.
The fund marks Hongkong Land’s inaugural private real estate vehicle and is structured as a perpetual open-end platform, intended for the long-term ownership, management, and stewardship of income-producing commercial assets. Hongkong Land will act as General Partner, Fund Manager, and Property Manager, retaining a majority stake at launch. Founding investors include Qatar Investment Authority (QIA) and APG Asset Management, alongside an established Southeast Asia sovereign wealth fund.
SCPREF is seeded with five landmark Grade A commercial assets comprising approximately 2.6 million square feet of effective net lettable area. These include Asia Square Tower 1, Marina Bay Financial Centre Towers 1 and 2 and Marina Bay Link Mall, One Raffles Quay, and One Raffles Link. The properties form part of Singapore’s most established commercial districts and are integrated with pedestrian networks and multiple MRT stations, supporting high occupancy by multinational occupiers.
The platform has a mandate to acquire additional high-quality commercial assets within Singapore’s CBD and Orchard Road precincts and may be supported by future developments contributed by Hongkong Land over time. According to the company, the launch reflects its broader strategy announced in 2024 to recycle capital from completed assets while maintaining long-term involvement in the management and evolution of major urban commercial environments.
All seed assets within SCPREF are certified under Singapore’s BCA Green Mark Platinum or Super Low Energy standards. Hongkong Land is a signatory to the United Nations-supported Principles for Responsible Investment and maintains a leadership position in the Global Real Estate Sustainability Benchmark (GRESB).
The establishment of SCPREF also marks the formal launch of Hongkong Land’s capital management business, extending its role beyond development and ownership into long-term management of large-scale commercial assets in Asian gateway cities.
Hongkong Land is a listed property development, investment, and management group focused on ultra-premium mixed-use real estate in major Asian gateway cities, with a long-term presence in Singapore’s core commercial districts. Qatar Investment Authority (QIA) is the sovereign wealth fund of the State of Qatar, investing globally across asset classes with a long-term investment horizon. APG Asset Management is a Netherlands-based pension asset manager investing on behalf of pension funds, including through long-term allocations to global real estate.
