CapitaLand Mall Trust exploring sale or redevelopment of Funan DigitaLife Mall

Funan Mall.

SINGAPORE - The management of CapitaLand Mall Trust (CMT) said it is exploring options to potentially sell or redevelop Funan DigitaLife Mall, an announcement filed to Singapore Exchange on Wednesday said.

The move is in line with the trust's policy of "continually evaluating CMT's portfolio of assets and exploring opportunities to maximise the value for CMT's assets," it said.

The popular IT gadget mall in town is one of CMT's 16 shopping malls on its local portfolio, which also includes Bugis Junction, JCube and Raffles City Singapore.

CMT stressed that no decisions has been made regarding the future of Funan DigitaLife Mall.

"CMT has not entered into any agreement or transaction in connection with the terms of the options, nor is there any certainty or assurance that CMT will enter into or conclude any such transactions."