{"id":36661,"date":"2026-03-16T14:48:36","date_gmt":"2026-03-16T06:48:36","guid":{"rendered":"https:\/\/sgbuzz.com\/?p=36661"},"modified":"2026-03-16T14:48:36","modified_gmt":"2026-03-16T06:48:36","slug":"private-fund-nets-11-singapore-retail-assets-for-s281-million-the-business-times","status":"publish","type":"post","link":"https:\/\/sgbuzz.com\/?p=36661","title":{"rendered":"Private fund nets 11 Singapore retail assets for S$281 million &#8211; The Business Times"},"content":{"rendered":"<p><br \/>\n<\/p>\n<p>Portfolio comprises private strata space in Bukit Timah Plaza and Coronation Shopping Plaza, and nine HDB properties<\/p>\n<div data-testid=\"article-body-container\">\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">[SINGAPORE] Entities linked to Altallo Asset Management are understood to have inked deals to buy the portfolio of 11 retail assets that NTUC Enterprise unit Mercatus put on the market in the fourth quarter of last year.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">The portfolio is being sold at a total price of S$281 million, which is 8.4 per cent lower than the <a class=\"text-verticals-btblue underline\" data-testid=\"article-annotation-link-component\" href=\"https:\/\/www.businesstimes.com.sg\/property\/ntuc-enterprises-mercatus-said-have-put-11-retail-assets-sale-s307-million-guide-price\" target=\"_blank\" rel=\"noopener\">S$307 million indicative price for the entire portfolio<\/a> reported by <em>The Business Times <\/em>in November 2025.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">The properties comprise private strata-titled retail space in Bukit Timah Plaza and the freehold Coronation Shopping Plaza, and nine Housing &amp; Development Board (HDB) commercial shops. The 11 properties add up to about 172,000 square feet (sq ft) of space.<\/p>\n<div data-testid=\"article-btg-newsletter-component\" data-section-name=\"newsletter\" data-section-label=\"decoding asia 2\" class=\"track-impression border-t border-gray-175 py-3\">\n<div>\n<p class=\"font-lucida text-xl font-medium italic leading-normal -tracking-5% text-gray-850\">Decoding Asia newsletter: your guide to navigating Asia in a new global order. <span class=\"inline border-none p-0 font-lucida text-inherit text-xl font-medium italic leading-normal !-tracking-5% text-verticals-btblue !underline outline-none\">Sign up here to get Decoding Asia newsletter.<\/span> Delivered to your inbox. Free.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.businesstimes.com.sg\/property\/private-fund-said-be-buying-11-mercatus-retail-assets-s281-million\" target=\"_blank\" rel=\"noopener\">Read Full Article At Source <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Portfolio comprises private strata space in Bukit Timah Plaza and Coronation Shopping Plaza, and nine HDB properties [SINGAPORE] Entities linked to Altallo Asset Management are&#8230;<\/p>\n","protected":false},"author":1,"featured_media":36662,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[2611],"tags":[],"class_list":["post-36661","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buzz-headlines","wpcat-2611-id"],"_links":{"self":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/36661","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36661"}],"version-history":[{"count":0,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/36661\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/media\/36662"}],"wp:attachment":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}