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Malaysian tycoon piling into Singapore property eyes US$760mil deal

MALAYSIAN property tycoon Datuk Lee Yeow Seng is making waves as one of the most aggressive buyers of commercial real estate in Singapore, and he's not done yet.

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马来西亚富豪进军新加坡房地产市场,目标7.6亿美元交易

IOI Properties Group Bhd group chief executive officer Datuk Lee Yeow Seng. — IOI Properties/website

Malaysian property tycoon Datuk Lee Yeow Seng is making waves as one of the most aggressive buyers of commercial real estate in Singapore, and he’s not done yet.

His IOI Properties Group Bhd . is in exclusive talks and due diligence to purchase two property assets - Chijmes, a retail venue inside a former Catholic convent in its civic district, and the nearby Capitol Kempinski hotel, Chief Executive Officer Lee said in an interview. He declined to disclose how much a final agreement will value the two assets at, citing ongoing negotiations.

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