Singapore-based real estate investment firm 8M Real Estate announced a brand refresh that highlights its expanded vision for developing vibrant spaces and suburban retail assets across new districts.
According to Darren Sabon, managing director of investment management at 8M Real Estate, it underscores the firm’s “commitment to reshaping urban spaces that honour Singapore’s heritage while embracing its future.”
The shophouses at 112 to 115 Amoy Street were part of 8M’s initial investment over a decade ago (Photo: 8M Real Estate)
Over the past decade, the firm has acquired a portfolio of more than 70 properties valued at more than $1.5 billion. Many of these properties are conservation shophouses in the Downtown Core areas, such as Amoy Street, Tanjong Pagar, Duxton Hill, and Craig Road.
8M founder Ashish Manchharam sold his stake to Hong Kong-based Crane Capital, a unit of US pension fund Washington State Investment Board, in October 2023 for an undisclosed sum.
Last September, 8M acquired Sceneca Square, the retail mall linked to the Tanah Merah MRT Station on the East-West Line, for $64 million. Based on the net lettable area of 20,247 sq ft, the price translates to $3,161 psf. The project is part of a mixed-use development that includes the 268-unit apartment project Sceneca Residence by joint venture partners MCC Land, The Place Holdings, and Ekovest Development.
Last September, 8M acquired Sceneca Square, the retail mall linked to the Tanah Merah MRT Station on the East-West Line, for $64 million ($3,161 psf) [Artist’s impression: MCC Land]
According to Sabom, 8M plans to introduce fresh lifestyle concepts, create engagement opportunities and support businesses that contribute to the vibrancy of each neighbourhood.
Through collaborations with local artists and cultural organisations, 8M intends to transform its properties into “dynamic canvases that celebrate local history and creativity”.
