CapitaLand and Hongkong Land eye bids for Singapore's Marina One complex

3 articles · Updated · Bloomberg · May 5

The central business district asset is being marketed for about S$5.7 billion ($4.5 billion) by owner M+S Pte.
M+S is a joint venture between Malaysian sovereign wealth fund Khazanah Nasional and Singapore state investor Temasek Holdings.
The possible sale would rank among Singapore's biggest office property deals, with the bidding interest still private and not yet finalised.

With office rents soaring, why are two state funds selling Singapore’s landmark Marina One complex for S$5.7 billion now?

As CapitaLand and Hongkong Land circle Marina One, is this a prime asset acquisition or a peak-market gamble?