18 Nov 2024
SINGAPORE, 18 NOVEMBER 2024
Frasers Property Limited (“Frasers Property”, and together with its subsidiaries, the “Group”) and Sekisui House today announced they would jointly redevelop the 999-year leasehold site of Robertson Walk and Fraser Place Robertson Walk (collectively known as the “site”) into a waterfront residential and lifestyle hub. Set to launch in 2025 and complete by the end of 2028, the new mixed-use development will feature a luxury 348-unit residential enclave with an exciting mix of dining and entertainment options, revitalising Robertson Quay in Singapore’s prime District 9. This aligns with the Singapore Government’s rejuvenation plans for the Singapore River Planning Area, which includes Robertson Quay, Clarke Quay and Boat Quay.
The site will yield a gross floor area of 30,664 square metres (sqm). It offers picturesque views of the iconic Singapore River and Marina Bay, and is in the vicinity of creative, heritage and recreational clusters such as Clarke Quay, Boat Quay, Chinatown, the Civic District, Esplanade and Marina Bay. The site is also a short drive from Singapore’s Central Business District and Orchard Road shopping belt, and is well-served by public transportation, including Clarke Quay and Fort Canning Mass Rapid Transit (MRT) stations, as well as the Central Expressway.
Ms Soon Su Lin, Chief Executive Officer of Frasers Property Singapore, said: “In line with Frasers Property'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. We are thrilled to partner with Sekisui House to redevelop this site into an iconic mixed-use, waterfront development along the Singapore River. Our vision is to create a sophisticated residential and lifestyle destination, featuring upscale dining and entertainment choices, and placemaking activities amidst lush greenery. We look forward to unveiling more exciting details when we launch the mixed-use development next year.”
Mr Takehisa Yanagi, Managing Officer, Head of International Development Department of Sekisui House, Ltd., said: “We are glad to strengthen our remarkable 13-year partnership with Frasers Property and leverage our combined expertise to build another landmark in Singapore. This exclusive mixed-use development on a 999-year leasehold tenure will attract homebuyers who enjoy the vibrancy of the Singapore River and have the choice of retreating to a tranquil eco-sanctuary in a quieter Robertson Quay precinct.”
Frasers Property and Sekisui House have formed a 51:49 joint venture for the redevelopment of the site. Robertson Walk and Fraser Place Robertson Walk will continue to be managed by the Frasers Property Group until operations cease on 31 May 2025.
Since 2011, Frasers Property and Sekisui House have been partnering and leveraging their well-established development capabilities to deliver mixed-use and residential projects in Singapore and Australia. In another recent collaboration, Frasers Property formed a joint venture with City Developments Limited and Sekisui House to develop a residential project in Toa Payoh, Singapore—the first residential site in this densely populated estate in eight years. This project, expected to yield 777 units, is slated for launch in the first half of 2025.
Proposed mixed-use development comprising retail and residential components