.jpg "Embassy Gardens")
The Clementi Mall has been sold for $809 marking Singapore’s largest private investment sale of 2025 (excluding related party transactions).
Savills and Cushman & Wakefield jointly ran a competitive EOI exercise that drew 12 offers at the initial close in October. Following a robust second round, an entity linked to The Elegant Group secured the asset for $809 million.
A highly coveted suburban retail landmark, Clementi Mall enjoys 100% occupancy and attracts an impressive 30 million visitors annually, underscoring its strength as one of Singapore’s most successful retail destinations.
Congratulations to our team for this successful sale!
