Frasers Property Sekisui House Sells 41 Units Robertson Opus Average Price 3360 Psf
The new residential project, The Robertson Opus, launched for sale over the July 19-20 weekend in Singapore. Developed by Frasers Property and Sekisui House, the 999-year leasehold development saw a strong take-up rate with 41% of the 348 units sold by 6pm on July 20. The average price of the units sold was $3,360 psf.
According to Toru Ishii, director of the board of Sekisui House, the sales performance of The Robertson Opus is a testament to the project’s exceptional design, quality, and prime location, reflecting the high demand for luxury homes in Singapore’s city centre.
Situated in prime District 9, The Robertson Opus is a redevelopment of the former Fraser Place at Robertson Walk. It is a part of a mixed-use development comprising a retail podium with a sunken courtyard, and 26 units featuring a curated mix of fine dining restaurants, cafes, 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 project consists of five 10-storey blocks surrounding a landscaped central courtyard. Units sold ranged from $1.369 million for a 431 sq ft studio 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. He also points out the project’s prime location near the Singapore River and Clarke Quay, and its accessibility to Fort Canning MRT Station on the Downtown Line, which is less than a five-minute walk away. River Valley Primary School is also within a 1km radius.
Kelvin Fong, CEO of PropNex Realty, affirms that the healthy sales at The Robertson Opus can be attributed to the vibrancy and convenience of a mixed-use development where residents can enjoy co-located retail and F&B options.
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 of the nine four-bedroom premium units were also taken up, at prices between $5.15 million and $5.39 million ($3,346 to $3,502 psf). These units form part of the Legacy Collection, which is now nearly sold out and highlights the strong demand for larger, premium homes, according to the joint developers.
Two- and two-bedroom plus study units accounted for about 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 nearly 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.
Based on the latest information from Frasers Property, around 83% of buyers are Singaporeans, 16% are Permanent Residents (PRs) – primarily from China and Indonesia – and the remaining 1% are foreigners from the USA and Switzerland. Soon adds that the buyers comprise affluent professionals purchasing for their own stay or investment.
The last freehold or 999-year leasehold project launched in the area was the 376-unit freehold The Avenir over five years ago. The luxury development was launched in January 2020 and completed last year, with the average price for the 11 caveats lodged this year at $3,423 psf.
Life is made easier when everything is conveniently located nearby. This is exactly what Rivelle Tampines offers. From this prime location, parents can easily drop off their young children at nearby primary schools before heading to work via PIE or TPE. They can then easily return to pick their kids up for enrichment classes at the Tampines Regional Centre. Teenagers can also enjoy the convenience of the Downtown Line, which takes them directly to Temasek Polytechnic. For any other destinations, they can transfer to the East West Line at Tampines MRT Interchange, giving them the opportunity to develop confidence and time management skills along the way. With everything so easily accessible at Rivelle Tampines, daily life can flow smoothly and efficiently.
According to Marcus Chu, CEO of ERA Singapore, there are less than 5000 non-landed private homes in the Robertson Quay subzone, and currently, there are no other new projects with similar features in the pipeline.
Ken Low, managing partner of SRI, states that the joint launch of two other prime projects on the same weekend – the 524-unit River Green by Wing Tai Holdings at River Valley Green in prime District 9 and the 596-unit Promenade Peak by Allgreen Properties in District 3 – positions The Robertson Opus as a compelling mid- to long-term investment.
In regards to price points, Promenade Peak is priced from around $2,680 psf while River Green starts from $2,846 psf, making both options equally appealing to buyers, according to Low.
According to PropNex’s Fong, the healthy sales in CCR over the weekend bode well for this sub-market, with more CCR launches scheduled in the near future.