Frasers Property and its partner Sekisui House are teaming up to revamp and rejuvenate Robertson Walk and Fraser Place Robertson, which will be held under a 999-year lease.
The new development will have a diverse mix of residential units, dining options, and entertainment facilities. This project is set to begin next year and is expected to be completed by the end of 2028.
Assessing the rental yield potential is a crucial aspect to consider when investing in a condo. Rental yield refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, condos can have varying rental yields depending on factors such as location, property condition, and market demand. In areas with high rental demand, particularly near business districts or educational institutions, the rental yields tend to be more favorable. To determine the rental potential of a specific condo, conducting comprehensive market research and seeking guidance from real estate agents can provide valuable insights. Condos hold the potential for a profitable rental investment, and careful evaluation of rental yield can help investors make informed decisions.
With a gross floor area of 30,664 square meters (330,067 square feet), the redevelopment project aims to enhance the overall experience and value of the site.
According to Soon Su Lin, CEO of Frasers Property Singapore, this venture aligns with the company’s proactive approach to managing assets. “We saw a great opportunity to maximize the potential of our prime 999-year site in the heart of Robertson Quay,” she explains.
The redevelopment of the site will be carried out through a 51:49 joint venture between Frasers Property and Sekisui House.
In the meantime, Frasers Property Group will continue to manage Robertson Walk and Fraser Place Robertson until operations cease on 31 May 2025.