Frasers Teams With Sekisui House to Add 348 Luxury Homes on Singapore Riverfront

Six months after confirming its sale of a riverfront apartment complex near Singapore’s Robertson Quay, Frasers Property on Monday announced a retail-residential project to add 348 luxury homes in the area.

Frasers Property and Japanese builder Sekisui House will jointly redevelop the Robertson Walk mall and the Fraser Place Robertson Walk serviced residence into a waterfront residential and lifestyle hub, SGX-listed Frasers Property said in a release. The 999-year “virtual freehold” site can yield a gross floor area of 30,664 square metres (330,065 square feet), the company said.

Frasers Property and Sekisui House respectively hold 51 and 49 percent stakes in the joint venture, which seeks to revitalise Robertson Quay in prime District 9 with a luxury 348-unit residential enclave and a mix of dining and entertainment options. Mingtiandi reported in May that Frasers Property had agreed to sell the nearby Fraser Residence River Promenade to fellow SGX-listed builder Tuan Sing Holdings for S$140.9 million ($104 million).

“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,” said Frasers Property Singapore CEO Soon Su Lin. “We are thrilled to partner with Sekisui House to redevelop this site into an iconic mixed-use, waterfront development along the Singapore River.”

New Life for Old Properties

The 1990s-era Robertson Walk and Fraser Place Robertson Walk will continue under Frasers management until operations cease at the end of next May, according to the real estate firm controlled by Thai alcohol tycoon Charoen Sirivadhanabhakdi.

The 9,103 square metre site at 11 Unity Street can accommodate 26,371 square metres of residential space and 4,293 square metres of retail space. The project will launch for sale next year and is expected to finish construction by the end of 2028, Frasers Property said.

The venture aligns with the government’s rejuvenation goals for the Singapore River planning area, comprising Robertson Quay, Clarke Quay and Boat Quay. The Robertson Walk site lies just upriver from CapitaLand Integrated Commercial Trust’s Clarke Quay nightlife complex, which completed a S$62 million renovation this year, as well as two City Developments Ltd projects, CanningHill Piers and Central Square.

CanningHill Piers — a joint redevelopment of the Liang Court complex by CDL and CapitaLand — will boast a 48-storey residential tower facing the riverside as the tallest residential development along the Singapore River and a 24-storey residential tower overlooking Fort Canning Hill.

Across the river opposite CanningHill Piers, the Central Square complex is being redeveloped by CDL into a mixed-use project with 735,500 square feet (68,330 square metres) of commercial, hotel and serviced apartment space.

Meanwhile, Fraser Residence River Promenade, a newly built complex combining 72 serviced apartments and a trio of conserved warehouses, will continue under Frasers management after the acquisition by Tuan Sing, the company controlled by the Liem (or Nursalim) family.

Nearing Launch in Toa Payoh

Takehisa Yanagi, head of the international development department of Sekisui House, said the Osaka-based builder is strengthening its 13-year partnership with Frasers Property after the companies formed a joint venture last year with CDL to develop a residential project in north-central Singapore’s Toa Payoh area.

The consortium won the 1.57 hectare (3.88 acre) residential site at Lorong 1 Toa Payoh in District 12 with a S$968 million bid and plans to launch a 777-unit project for sale in the first half of 2025 as Toa Payoh’s first new private housing in eight years.

CDL holds a 50 percent stake in the consortium while Frasers and Sekisui House hold a 25 percent interest each. The partners are building two 40-storey residential blocks on the 99-year leasehold site within three minutes’ walk of Braddell MRT station.