{"id":80242,"date":"2024-11-18T23:47:18","date_gmt":"2024-11-18T15:47:18","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=80242"},"modified":"2025-03-28T11:05:42","modified_gmt":"2025-03-28T03:05:42","slug":"frasers-robertson-walk-redevelopment","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/frasers-robertson-walk-redevelopment\/","title":{"rendered":"Frasers Property\u2019s Robertson Walk redevelopment plan and recent profit surge: Is it time to invest?"},"content":{"rendered":"
<\/div>\n

Frasers Property, the third-largest listed developer in Singapore, is experiencing a period of growth and strategic evolution. The group keeps making headlines, from the recent profit increase and now the redevelopment plans for Robertson Walk and Fraser Place Robertson Walk. 348 luxury residential units are set to launch next year, offering a vibrant live-work-play environment in the Singapore River<\/a> area. Market reactions to this plan have been further measured. On the day of the announcement (November 18), Frasers Property’s shares remained stable at 92 cents.<\/p>\n\n\n\n

Table of contents<\/h3>
  • Robertson Walk redevelopment plan<\/a><\/li>
  • Market and strategic implications<\/a><\/li>
  • Frasers Property\u2019s profit jump in 2024<\/a>
    • What to watch for as property investors<\/a><\/li><\/ul><\/li>
    • Popular projects by Frasers Property<\/a>
      • Sky Eden @ Bedok<\/a><\/li>
      • Riviere<\/a><\/li>
      • North Park Residences<\/a><\/li>
      • Seaside Residences<\/a><\/li>
      • Boathouse Residences<\/a><\/li><\/ul><\/li><\/ul><\/div>\n\n\n\n

        Robertson Walk redevelopment plan<\/h2>\n\n\n\n
        \"\"
        Frasers Property to redevelop Fraser Place Robertson Walk in mid-2025.<\/figcaption><\/figure>\n\n\n\n

        Frasers Property is partnering with Japanese construction giant Sekisui House in a 51:49 joint venture to transform Robertson Walk and the adjoining Fraser Place Robertson Walk into a high-end mixed-use project. This redevelopment plan will include 348 luxury residential units alongside an array of retail, dining, and entertainment options. The new condo<\/a> will launch in 2025, expected to be completed by 2028.<\/p>\n\n\n\n

        The 999-year leasehold site will span 30,664 square metres of gross floor area. The plans call for 26,371 square metres dedicated to residential spaces and 4,293 square metres set aside for retail use. As 2025 approaches, more details about the design, pricing, and offerings will be published. It likely will capture the attention of luxury residential buyers and investors keen on one of Singapore’s most vibrant precincts.<\/p>\n\n\n\n

        CEO Soon Su Lin highlighted this project as part of Frasers’ active asset management strategy. It aims to maximise returns from its 999-year leasehold site. Operations at Robertson Walk and Fraser Place Robertson Walk will continue under Frasers Property\u2019s management until May 31, 2025, before redevelopment begins in earnest.<\/p>\n\n\n\n

        Market and strategic implications<\/h2>\n\n\n\n

        This redevelopment of Robertson Walk aligns with the Singapore Government\u2019s plans to revitalise the Singapore River Planning Area, enhancing connectivity and vibrancy in Robertson Quay<\/a>. By blending high-end residential with retail and entertainment, Frasers is positioning itself as a key player in creating desirable mixed-use spaces in prime locations. <\/p>\n\n\n\n

        The transformation itself is to “unlock the highest and best use” of Frasers\u2019 properties, as highlighted by CEO Soon Su Lin. Sekisui House’s involvement further underscores the international appeal of the Singapore real estate market and signals continued foreign interest and collaboration in local development.<\/p>\n\n\n\n

        Investors and potential buyers can anticipate premium pricing aligned with the project\u2019s luxury positioning and desirable location. The market showed no negative reaction, as Frasers Property’s shares remained stable at 92 cents after the announcement on November 18, 2024.<\/p>\n\n\n\n

        \"Robertson
        Robertson Walk redevelopment makes way for 348 luxury homes in 2025.<\/figcaption><\/figure>\n\n\n\n

        Frasers Property\u2019s profit jump in 2024<\/h2>\n\n\n\n

        Thai billionaire-owned Frasers Property reported a robust 19.2% increase in net profit for the fiscal year ending September 30, 2024<\/a>. This profit surge, translating to $206.3 million, underscores the company’s ability to capitalise on international market opportunities. With revenue climbing nearly 7% to $4.2 billion, Frasers has beaten market expectations and showcased its adaptability amid global market fluctuations.<\/p>\n\n\n\n

        Much of Frasers’ profit boost came from higher residential contributions in China and Australia. Frasers also recorded significant valuation gains on Singapore properties and industrial and logistics real estate in Europe and Australia. Such strategic assets enhance income stability and long-term growth prospects. However, despite its profit growth, Frasers’ stock price remained relatively flat through 2024.<\/p>\n\n\n\n

        This suggests that while the company\u2019s fundamentals show promise, investors remain wary of macroeconomic pressures and recent setbacks, including failed bids for key sites in Singapore. However, Frasers’ renewed focus on high-profile developments and partnerships with established entities like Sekisui House in the new redevelopment plan demonstrate their commitment to long-term growth and diversification.<\/p>\n\n\n\n

        <\/p>\n