Frasers Property Sekisui House Sells 41 Units Robertson Opus Average Price 3360 Psf
Over the past weekend, Frasers Property, a Singapore-listed company, and Sekisui House, a Japanese developer, launched the sale of The Robertson Opus. As of 6pm on Sunday, July 20, 143 out of the 348 units in the development had already been sold at an average price of $3,360 per square foot (psf).
The strong sales performance of The Robertson Opus is a testament to its exceptional design, quality, and prime location. It also reflects the high demand for luxury homes in Singapore’s city centre, according to Toru Ishii, Director of the Board of Sekisui House, in a joint statement by the partners.
Situated in prime District 9, The Robertson Opus is a redevelopment of the former Fraser Place at Robertson Walk. This 999-year leasehold project is part of a mixed-use development that includes a retail podium with a sunken courtyard and 26 units featuring a curated mix of fine dining restaurants, cafés, and lifestyle concepts.
“The project’s rare 999-year tenure, prestigious District 9 address, and sophisticated riverside lifestyle make it a compelling choice for discerning buyers seeking long-term value and generational wealth,” says Soon Su Lin, CEO of Frasers Property.
The residential component of The Robertson Opus consists of five 10-storey blocks arranged around a landscaped central courtyard. The units that were sold ranged from $1.369 million for a 431 sq ft suite to $5.39 million for a 1,539 sq ft four-bedroom premium unit. On a psf basis, prices ranged from $3,149 to $3,585.
Mark Yip, CEO of Huttons Asia, highlights that The Robertson Opus is the only 999-year leasehold project launched in the Core Central Region (CCR) this year. Yip also points out the development’s prime location near the Singapore River and Clarke Quay, as well as its accessibility – Fort Canning MRT Station on the Downtown Line is less than a five-minute walk away. River Valley Primary School is also within a 1km radius.
According to Kelvin Fong, CEO of PropNex Realty, the healthy sales at The Robertson Opus can be attributed to the vibrancy and convenience of a mixed-use development, where residents have access to retail and F&B options.
Out of the 27 three-bedroom premium units, 26 were sold at prices ranging from $3.699 million to $4.039 million ($3,211 to $3,506 psf). Eight out of the nine four-bedroom premium units were also taken up, with prices between $5.15 million and $5.39 million ($3,346 to $3,502 psf). These units are part of the Legacy Collection, which is almost sold out, indicating strong demand for larger, premium homes, according to the joint developers.
The two- and two-bedroom plus study units accounted for approximately 45% of total sales, with prices ranging from $2.17 million to $2.63 million ($3,149 to $3,540 psf). Three-bedroom units, including the premium types, made up about 39% of take-up, priced between $3.1 million and $4.039 million ($3,079 to $3,506 psf). Together, these unit types comprised approximately 83% of all units sold.
Frasers Property notes that around 83% of the buyers are Singaporeans, 16% are Permanent Residents – mainly from China and Indonesia – and the remaining 1% are foreigners from the USA and Switzerland. “The buyers are affluent professionals purchasing for their own stay or investment,” says Soon.
The last freehold or 999-year leasehold project launched in the area was The Avenir, a 376-unit freehold luxury development by a joint venture between Hong Leong Holdings, GuocoLand, and Hong Realty, launched in January 2020 and completed last year. Based on 11 caveats lodged in 2021 so far, the average transacted price at The Avenir was $3,423 psf.
Over the same weekend, two other prime projects were also previewed: River Green by Wing Tai Holdings, a 524-unit project in prime District 9, and Promenade Peak by Allgreen Properties, a 596-unit project in District 3. While River Green falls within the Core Central Region (CCR), its proximity to Promenade Peak – which is technically in the Rest of Central Region (RCR) – blurs the lines between the two regions, says Ken Low, Managing Partner of SRI.
Ken Low also notes that the price points of these projects have sparked interest, with Promenade Peak priced from around $2,680 psf and River Green starting from $2,846 psf. This makes both developments appealing options for buyers, adds Ken Low.
“The strong turnout at both previews bodes well for their official launch on August 2, indicating positive momentum and healthy buyer demand,” says Low.
At Coastal Cabana, drivers can easily access the eastern expressway triad. The main access point, Tampines Expressway (TPE), allows for quick connections to both central and western Singapore via the Pan Island Expressway (PIE), as well as scenic routes to Marina Bay and the CBD through the East Coast Parkway (ECP). In addition, TPE also links to Kallang-Paya Lebar Expressway (KPE), providing a convenient alternative route to the city fringe. This network of high-capacity roads is a major advantage for residents with varying schedules, offering shorter travel times and a variety of route options for school, work, and even airport drop-offs.
According to Marcus Chu, CEO of ERA Singapore, “This weekend’s CCR sales are very encouraging and send a positive signal for this sub-market, especially with more CCR launches coming up.”