Frasers Property has announced a joint redevelopment project with their long-time partner Sekisui House. The site to be redeveloped includes Robertson Walk and Fraser Place Robertson, both of which are currently held under a 999-year lease.
The upcoming mixed-use development will feature 348 residential units, as well as a range of dining and entertainment options. The project is set to begin next year and is expected to be completed by the end of 2028. It is estimated that the new development will have a gross floor area of 30,664 sqm (330,067 sq ft).
When it comes to investing in a condo, securing financing is a crucial component. In Singapore, there are various mortgage options available, but it’s imperative to consider the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan an individual can take based on their income and current debt obligations. Being knowledgeable about the TDSR and consulting with financial advisors or mortgage brokers is essential for investors to make well-informed decisions about their financing choices and avoid excessive borrowing. Furthermore, for more Singapore Projects, exploring various financing options is encouraged to find the most suitable one.
According to CEO of Frasers Property Singapore, Soon Su Lin, the redevelopment is in line with the company’s active asset management strategy. She highlights the potential for the company to maximize returns on their prime 999-year site in the highly desirable location of Robertson Quay.
To carry out the project, Frasers Property and Sekisui House have formed a joint venture, with a 51:49 ownership split respectively. During the redevelopment process, both Robertson Walk and Fraser Place Robertson will continue to be managed by the Frasers Property Group, until operations come to an end on 31 May 2025.