IOI Properties targets early 2027 for potential Singapore secondary listing
The group is also exploring further expansion in Singapore, including a joint venture involving One Raffles Place.
IOI Properties Group Bhd is aiming for a possible secondary listing on the Singapore Exchange (SGX) in early 2027, group chief executive officer Datuk Lee Yeow Seng said in Putrajaya.
Speaking at the launch of IOIPG Malaysia Reit's listing prospectus, Lee outlined the timing after the group said on Oct 13 that it continued to assess capital market options, with an SGX secondary listing among them.
Lee said the group was looking at more opportunities to expand in Singapore. A recently announced venture involving One Raffles Place would pair it with a real estate investment trust linked to CapitaLand for the proposed development.
The company entered Singapore more than 30 years ago, initially pursuing smaller projects and partnerships with local businesses, Lee said. South Beach, developed with City Developments Ltd, became its first major integrated project.
It subsequently built the wholly owned IOI Central Boulevard Towers on a site bought in 2016 under Singapore's Government Land Sales programme. Lee put the building's committed occupancy at 98 per cent.
