Divestment by Frasers Property Limited of Frasers Hospitality Investments China Square Pte. Ltd. for approximate consideration of S$330 million (subject to customary adjustments)

Rajah & Tann Singapore, member firm of Rajah & Tann Asia, acted for the vendor in the divestment of the 304-room hotel at China Square in the Singapore CBD and historic Chinatown to BlackRock and YTL Hotels. The hotel sits between the Telok Ayer and Amoy Street dining strips in Singapore’s downtown core, and is within walking distance of the Chinatown, Telok Ayer, Maxwell and Raffles Place MRT stations. The transaction was one of the most significant hospitality real estate deals in Singapore in 2026 and reflected confidence in Singapore’s long-term appeal as a global business and leisure destination. The transaction highlights continued investor appetite for quality hospitality assets in Singapore, reflecting continued momentum and liquidity in the city’s hotel investment market.