CapitaLand Integrated Commercial Trust (CICT) said on Monday (Apr 20) it has agreed to sell Asia Square Tower 2, a commercial development in Marina Bay precinct, to Malaysia's IOI Properties for S$2.48 billion (US$1.95 billion). The 773,000-square-foot property housing office, hotel and retail space, completed in 2013, was valued at S$2.25 billion as of Dec 31, the company said. The trust estimates a gain of nearly S$199.9 million after deducting divestment expenses from net proceeds, with the