Indonesian Tycoon Mochtar Riady’s OUE REIT Seeks Buyers For Prime Singapore CBD Tower
Forbes Business
by Jonathan Burgos, Forbes StaffFebruary 20, 2026
AI-Generated Deep Dive Summary
Indonesian tycoon Mochtar Riady’s OUE REIT is looking to sell One Raffles Place, one of Singapore’s tallest skyscrapers located in the city-state’s bustling Central Business District (CBD). This move comes amid heightened investor interest in commercial properties, particularly in prime locations like Singapore. The sale process has already garnered significant attention from potential buyers, reflecting the strong demand for high-quality office spaces in the region.
One Raffles Place is a 50-story tower that ranks among the most iconic buildings in Singapore’s skyline. Completed in 2017, it stands as a landmark structure near Raffles City and serves as a premier office destination for multinational corporations. The building boasts state-of-the-art facilities, including conference rooms, retail spaces, and dining options, making it a sought-after location for businesses. Its strategic position at the heart of Singapore’s financial hub underscores its appeal to investors and tenants alike.
The decision by OUE REIT to divest One Raffles Place aligns with broader trends in Asia’s commercial real estate market. Singapore has emerged as a prime destination for global investors seeking stable returns, driven by its robust economy, political stability, and growing demand for office spaces from tech companies and financial institutions. This sale highlights the ongoing shift in the property sector, where assets are being optimized to meet evolving market demands.
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Originally published on Forbes Business on 2/20/2026