Frasers Property Limited has announced the acquisition of Cuppage Terrace, a cluster of 17 conservation shophouses located in the heart of Orchard Road, Singapore, for S$175m. The property spans approximately 28,986 square feet and boasts a total gross floor area of about 34,678 square feet, excluding outdoor refreshment areas.
Cuppage Terrace is renowned for its Peranakan-style shophouses, offering a vibrant mix of food-and-beverage, entertainment, and nightlife options. Its strategic location, just a five-minute walk from Somerset MRT station, ensures high footfall from office workers and shoppers in the surrounding retail belt. The area is also easily accessible via major roads and expressways, including the Central Expressway.
The acquisition aligns with Frasers Property’s strategy to strengthen its presence along Orchard Road. Soon Su Lin, CEO of Frasers Property Singapore, stated, “The acquisition of Cuppage Terrace strengthens our presence along Orchard Road and reinforces our commitment to shaping a more connected and vibrant precinct.” This move, coupled with the strengthening of ownership of The Centrepoint, is expected to unlock synergies across adjacent sites and contribute to the ongoing transformation of Orchard Road, in line with the government’s long-term vision for the area.
This strategic acquisition is set to enhance Frasers Property’s portfolio, positioning it to better serve the evolving needs of Singapore’s premier lifestyle destination. The development is anticipated to play a significant role in the area’s transformation, offering a blend of heritage and modernity to both locals and tourists.
