Frasers Property and regular partner Sekisui House are jointly redeveloping Robertson Walk and Fraser Place Robertson, which it now holds under a 999-year lease.
Besides a 348-unit residential development, the site will include F&B options as well. The redevelopment will commence next year and is slated for completion by end of 2028.
According to Frasers Property TQ5 , the redevelopment will have a gross floor area of 30,664 sqm.
Soon Su Lin, CEO of Frasers Property Singapore, says the redevelopment is line with the company's active asset management strategy.
"We have identified this opportunity to unlock the highest and best use returns for our prime 999-year site in the heart of Robertson Quay," she says.
Frasers Property closed at 92 cents on Nov 15, up 2.22% year to date.
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