SINGAPORE - CapitaLand Integrated Commercial Trust (CICT) has divested 21 Collyer Quay, an office building located in Raffles Place, for $688 million.

The sale price is in line with the property’s independent valuation, said the trust’s manager on Nov 12. Savills – the independent property valuer of the deal – valued the asset at $688 million as at Oct 31.