Singapore presence likely to buoy IOIProp

UOBKH Research forecasts substantial rental income contribution in FY26.

PETALING JAYA: IOI Properties Group Bhd (IOIProp), which is majority owned by the Lee family, has been steadily building its presence in the Singapore property market.

Its recent project there, the IOI Central Boulevard (IOICB) has seen its occupancy rates increase to 50% from 40% previously, according to UOB Kay Hian (UOBKH) Research.