Singapore property rebound has Frasers' CEO chasing more land

(Feb 1): Singapore’s property rebound has the son of Thai billionaire Charoen Sirivadhanabhakdi chasing more land in the city-state, adding to signs the market is emerging from a four-year slump.

Frasers Property in December paid $955.4 million for a residential site near the Singapore River, a record on a per-square foot basis at a government sale. Chief Executive Officer Panote Sirivadhanabhakdi said his firm is still on the lookout for more land in the city.

“It’s a big appetite that we have taken on,” Sirivadhanabhakdi said last week at a press conference marking the company’s name-change from Frasers Centrepoint. The developer will “continue to see what we can participate in the bidding,” he said.

---

Related Stories

• Maybank, CGS International and OCBC have maintained their ‘buy’ calls on Frasers Centrepoint Trust
• Frasers Property and ThaiBev make key leadership movements
• Frasers Property 'not aware' of possible sale of company nor assets by controlling shareholder

---