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Investing in a condo offers numerous advantages, including the opportunity to leverage the property’s value for future investments. In fact, many investors choose to use their condos as collateral to secure additional financing for new investments, enabling them to grow their real estate portfolio. This approach can greatly increase returns, but it also involves certain risks. It is therefore essential to have a solid financial plan in place and carefully consider the potential effects of market fluctuations. With the availability of new condo launches, investors have even more opportunities to expand their portfolio and maximize their returns.
Frasers Property and Sekisui House, longtime partners, have come together to revamp Robertson Walk and Fraser Place Robertson. Under the new joint venture, these properties, which are currently under a 999-year lease, will be transformed into a mixed-use development featuring residential units, dining options, and entertainment facilities. The anticipated completion date for this project is the end of 2028, with construction set to begin next year.
The gross floor area for this redevelopment is estimated at 30,664 sqm (330,067 sq ft), according to Frasers Property. Soon Su Lin, CEO of Frasers Property Singapore, emphasizes that this redevelopment aligns with the company’s proactive asset management strategy, stating, “We saw the potential to maximize the value of our prime 999-year site in the heart of Robertson Quay.”
To facilitate this project, Frasers Property and Sekisui House have established a 51:49 joint venture. Until the redevelopment is complete, the Frasers Property Group will continue to manage Robertson Walk and Fraser Place Robertson. Operations at these properties are set to cease on May 31, 2025.