SGX:TQ5Real Estate
Did The Centrepoint Redevelopment Opportunity Just Shift Frasers Property's (SGX:TQ5) Investment Narrative?
The collective sale of the rear block of The Centrepoint on Orchard Road was launched in the past at a guide price of S$418 million, with Frasers Property emerging as a leading contender to secure full ownership of the asset.
Full ownership would allow Frasers Property to combine The Centrepoint sites into a larger redevelopment and potentially use incentives under the Urban Redevelopment Authority’s Strategic Development Incentive Scheme, highlighting how land assembly can reshape the value...