Forbes – Business

Indonesian Tycoon Mochtar Riady’s OUE REIT Seeks Buyers For Prime Singapore CBD Tower

OUE Commercial REIT, controlled by Indonesian tycoon Mochtar Riady, is seeking buyers for its flagship One Raffles Place tower in Singapore’s CBD. The sale, handled by CBRE and JLL, targets a reserve price of up to S$2.4 billion, roughly 24% above the building’s December 2025 valuation. The move comes amid a surge in demand for Grade‑A office assets, with Singapore’s commercial investment volumes climbing 18% to S$33.9 billion in 2025. OUE REIT shares rose as much as 2.8% on the news, reflecting investor optimism.