{
  "id": 13019345,
  "title": "Malaysian billionaire brothers' IOI Properties, Singapore's Capitaland in exclusive talks to buy one of city-state's tallest skyscrapers",
  "url": "https://urgent.news/2026/10/09/malaysian-billionaire-brothers-ioi-properties-singapores-capitaland",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-09T03:27:19.000Z",
  "source": {
    "name": "VnExpress Business",
    "slug": "vnexpress-business",
    "url": "https://e.vnexpress.net/news/business/property/malaysian-billionaire-brothers-ioi-properties-singapore-s-capitaland-in-exclusive-talks-to-buy-one-of-city-state-s-tallest-skyscrapers-5129982.html"
  },
  "original_language": "en",
  "account": "Indonesian Malaysian billionaire brothers, Lee Yeow Seng and Lee Yeow Chor, are reportedly in exclusive talks with two Singaporean firms, IOI Properties and Capitaland, to purchase one of the city-state's tallest skyscrapers, One Raffles Place. The property, located in the central business district, is owned by OUE REIT, which holds an 81.54% stake through its subsidiary OUB Centre. The two investors, who have submitted a 50-50 joint bid, are still in the negotiation phase and have not yet entered into a binding agreement. The building, spanning over 65,000 square meters of gross leasable area, rises to a height of 280 meters and is valued at S$2.3-2.4 billion. A successful transaction would bolster IOI Properties' recent string of commercial real estate acquisitions in Singapore's CBD, including recent deals in Shenton House and Asia Square Tower 2.",
  "summary": "IOI Properties, controlled by Malaysia's billionaire Lee brothers, and CapitaLand Investment have been confirmed to be in exclusive talks to acquire One Raffles Place, one of Singapore’s tallest buildings.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}