Daily Briefing: Sembawang Shopping Centre sold for $248m; Ambassador says Singapore could have lost appetite for TPP revival

Submitted By:  Danielle Isaac Case Study:  No And here's how you could be hit by the Fed's higher interest rates. From Deal Street Asia: CapitaLand Mall Trust sold Sembawang Shopping Centre for $248m, making it one of the largest sale value achieved in recent years for a stand-alone retail mall in Singapore. "According to a statement released by CapitaLand Mall, Sembawang Shopping Centre was sold to a joint venture between Lian Beng Group Ltd and Apricot Capital Pte. The mall has an original leasehold tenure of 999 years. read more