Frasers Property Acquires Prime Singapore Restaurant Space for $138 Million

Thai Billionaire’s Frasers Property Buys Prime Singapore Restaurant Space For $138 Million From Royal Holdings

The acquisition of Cuppage Terrace comes six months after the developer bought the plot behind The Centrepoint shopping complex for $308 million. With Frasers Property owning the mall and the adjacent properties, the group could take a coordinated approach to enhance the asset and create long-term value.

By Ian Sayson, Forbes Staff