# Frasers Property buys Cuppage Terrace for $175 mil, strengthens Orchard foothold

- **Source:** EdgeProp Singapore
- **Published:** 2026-08-31T15:44:12.000Z
- **Author:** EdgeProp Singapore
- **Original:** https://www.edgeprop.sg/property-news/frasers-property-buys-cuppage-terrace-175-mil-strengthens-orchard-foothold
- **Topics:** Commercial & Industrial, New Launches, Transactions & Deals

## Featured rationale

The acquisition signals developer confidence in Orchard Road’s rejuvenation and could enable synergies with Frasers Property’s adjacent Centrepoint and 51 Cuppage Road assets.

## AI summary

Frasers Property acquired the fully leased, 17-shophouse Cuppage Terrace for $175 million, below its $250 million 2025 valuation, completing the deal on Aug 31.

## Original article

Months after its acquisition of The Centrepoint’s rear plot, real estate firm Frasers Property has scooped up the neighbouring Cuppage Terrace at an agreed property value of $175 million.

It continues to be on the lookout for longer-term opportunities to enhance its Orchard Road assets, in line with broader plans to rejuvenate the shopping district, the real estate investor-developer-operator said in an Aug 31 announcement.

Cuppage Terrace, a cluster of 17 Peranakan-style conservation shophouses in the heart of the Orchard Road precinct, occupies a site measuring 28,986 sq ft and has a total gross floor area of about 34,678 sq ft, excluding the sheltered outdoor refreshment area.

Read also: Frasers Property and Tan & Tan to jointly develop 5.15ha mixed-use site in Petaling Jaya, Malaysia

The 99-year leasehold property was put on the market in January, less than a fortnight after the leasehold rear block of The Centrepoint had been launched for collective sale.

While no guide price was disclosed then, CBRE had noted that the latest valuation in 2025 for Cuppage Terrace was $250 million.

With the acquisition completed on Aug 31, Frasers Property now manages the 17 shophouses and business operations continue as per usual.

Cuppage Terrace houses a vibrant mix of F&B, entertainment and nightlife offerings. Located a five-minute walk from Somerset MRT Station, it sees footfall from both office workers and shoppers in the surrounding retail belt, as well as nearby commercial and residential catchments.

EdgeProp Singapore reported in January that the shophouses are fully leased, and the property was owned by Royal Holdings, a property investment group headed by real estate magnate Raj Kumar, which acquired the asset in 2006.

Following several rounds of refurbishment over the years, Cuppage Terrace has evolved into what CBRE described as "a landmark enclave" in the Orchard area.

Read also: Frasers Property's walk, run, cycle campaign raises over $214,000 for seniors and persons with disabilities

In the Aug 31 announcement, Soon Su Lin, CEO of Frasers Property Singapore, said this deal strengthens the group’s presence along Orchard Road and "reinforces our commitment to shaping a more connected and vibrant precinct".

She added: "Together with the strengthening of ownership of The Centrepoint, this enables us to unlock synergies across adjacent sites and better position our properties to contribute to the ongoing transformation of Orchard Road."

The company had secured the rear plot of The Centrepoint for $391.1 million in an en bloc purchase in February.

Frasers Property is the majority shareholder in the freehold front plot at The Centrepoint, owning about 96% of the retail units by strata area.

It also has full ownership of 51 Cuppage Road, a 10-storey office building directly connected to The Centrepoint.

Read also: Prime Orchard malls' retail rents inch up 0.3% in second quarter; limited new supply ahead

Check out the latest listings for Orchard properties

## Chinese translation

> Translation model: grok_cli

### 星狮地产以新元1.75亿元购入Cuppage Terrace，巩固乌节路据点

星狮地产目前管理Cuppage Terrace的17间店屋。该公司近日亦以新元3.19亿元购入The Centrepoint后座地块。

在收购The Centrepoint后座地块数月后，房地产公司星狮地产以议定物业价值新元1.75亿元拿下相邻的Cuppage Terrace。

这家集投资、开发与运营于一体的房地产企业在8月31日的公告中表示，将继续物色长期机会以提升其乌节路资产，配合振兴该购物区的更广泛计划。

Cuppage Terrace是位于乌节路核心地段的一组17间土生华人风格保育店屋，占地28,986平方英尺，总楼面面积约34,678平方英尺，不含有顶户外餐饮区。

另读：星狮地产与Tan & Tan将在马来西亚八打灵再也联合开发5.15公顷综合用途地块

这处99年地契物业于1月推出市场，距The Centrepoint后座地契大楼推出集体出售不到两周。

当时并未披露指示价，但世邦魏理仕指出，Cuppage Terrace在2025年的最新估值为新元2.5亿元。

收购于8月31日完成，星狮地产现已管理这17间店屋，业务照常运营。

Cuppage Terrace汇集餐饮、娱乐与夜生活业态。该处距离索美塞地铁站步行五分钟，客流来自周边零售带的上班族与购物者，以及邻近的商业和住宅辐射区。

《EdgeProp Singapore》1月报道称，这些店屋已全部租出，物业原由房地产大亨Raj Kumar掌舵的房地产投资集团Royal Holdings持有，该集团于2006年购入该资产。

历经多年来多轮翻新，Cuppage Terrace已发展成世邦魏理仕所称乌节一带的“地标性街区”。

另读：星狮地产步行、跑步、骑行活动为长者及残障人士筹得逾新元21.4万元

星狮地产新加坡首席执行官Soon Su Lin在8月31日的公告中表示，这笔交易巩固了集团在乌节路的布局，并“进一步彰显我们打造更具连通性、更有活力街区的承诺”。

她补充道：“连同我们对The Centrepoint所有权的加强，这使我们能够释放相邻地块之间的协同效应，并更好地定位旗下物业，为乌节路的持续转型作出贡献。”

该公司今年2月以新元3.911亿元通过集体出售购得The Centrepoint后座地块。

星狮地产是The Centrepoint永久地契前座地块的大股东，按分层面积计持有约96%的零售单位。

该公司亦全资持有51 Cuppage Road，这是一栋与The Centrepoint直接相连的10层办公楼。

另读：乌节路优质商场第二季度零售租金微升0.3%；未来新供应有限

查看乌节路地产最新挂牌