Billionaire Alert! Mochtar Riady Plans To Sell Iconic Singapore Skyscraper!
Billionaire Mochtar Riady sets sights on selling One Raffles Place, Singapore, discover the fortune and story behind the iconic skyscraper!
Singapore’s skyline might see a shake-up! Lippo Group’s mogul, Mochtar Riady, plans to sell the iconic One Raffles Place. Dive in to explore The Global Wealth Chronicle his fortune and what this sale could mean for investors and the city’s skyline.
Mochtar Riady’s Bold Move: Selling One Raffles Place
OUE Commercial REIT, under the leadership of tycoon Mochtar Riady, is reportedly preparing to sell the iconic One Raffles Place skyscraper in Singapore. The building, a landmark in the heart of the financial district, has attracted significant attention from global investors.
The planned sale reflects the growing demand for Grade-A office properties in Singapore, making it an opportune moment for a high-profile transaction. OUE REIT, holding a 68 percent majority stake, has engaged top global property consultants CBRE and JLL to oversee the process.
This strategic move comes amid an increasingly dynamic property market, where investors are seeking premium assets with stable rental yields. Analysts suggest that the sale could redefine the commercial real estate landscape in the city-state.
Valuation And Market Interest
One Raffles Place is estimated at approximately SGD 2.4 billion, equivalent to USD 1.9 billion or around IDR 31.88 trillion. Such a valuation positions it among Singapore’s most valuable commercial properties. The market’s interest in premium office spaces has intensified due to the stability and potential returns these properties offer.
Investors are particularly drawn to properties located in the Central Business District (CBD), where One Raffles Place stands. Its proximity to major transport links and financial institutions increases its appeal for multinational companies.
The building’s combined office and retail components provide a diversified income stream, making it attractive for institutional investors seeking long-term value. This transaction could set a benchmark for future commercial property deals in Singapore.
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The Wealth Behind The Tycoon
Mochtar Riady, founder of the Lippo Group, ranks among the world’s billionaires according to Forbes Real-Time Billionaires as of February 23, 2026. With a net worth of USD 2.3 billion, he is positioned at #1,734 globally. While his wealth has declined compared to previous years when he ranked in Indonesia’s top 10 richest, Riady remains influential in business circles.
Much of his fortune originates from Lippo Group’s diverse ventures, including property, retail, healthcare, media, and education. Today, operational control of Lippo Group largely rests with his sons, James and Stephen Riady, ensuring continuity across its various sectors.
The sale of One Raffles Place marks another chapter in Riady’s long-standing engagement with real estate, reflecting both personal and corporate strategic decisions. It also underscores the family’s active role in managing and monetizing prime assets.
One Raffles Place: A Modern Architectural Marvel
Completed in 2012, One Raffles Place consists of Tower 1, standing 62 floors tall, and Tower 2 with 38 floors. The complex also includes a six-story retail podium spanning over 65,000 square meters of leasable area, making it one of the largest shopping hubs in the Raffles Place area.
Its strategic location in Singapore’s CBD offers direct access to the Raffles Place MRT Station, serving both the North-South and East-West lines. This connectivity ensures convenient travel to Marina Bay and surrounding business hubs.
The design integrates modern aesthetics with functional office layouts, appealing to multinational tenants. Its status as a commercial landmark makes it an attractive option for investors seeking iconic and revenue-generating properties in Singapore.
What The Sale Could Mean For Investors
The planned sale of One Raffles Place presents both opportunities and considerations for global investors. With a robust tenant base and prime location, the property is expected to generate stable rental income, appealing to institutions and high-net-worth individuals.
Experts anticipate competitive bidding due to its high-profile status, with interest from both regional and international real estate funds. The transaction could influence pricing and investor expectations for other premium assets in Singapore.
For Mochtar Riady and OUE REIT, the sale represents a strategic realignment, potentially freeing capital for future developments or diversification. For the market, it is a reminder of the enduring value of well-located, iconic commercial properties in Asia’s leading financial hubs.
Image Source:
- First Image from kompas.com
- Second Image from entrepreneur.bisnis.com