Frasers Property Limited and Mitsubishi Estate Co., Ltd. said on Sep, 30 2026 that they have set up a 51:49 joint venture to redevelop Valley Point and Fraser Suites Singapore into a 999-year leasehold mixed-use destination along the Singapore River.
The project will comprise about 407 luxury residential units and sky villas, a 184-unit flagship Fraser Suites serviced residence, and a range of dining, retail and lifestyle offerings. Launch is targeted for 2027 with completion scheduled for 2031.
Situated at 491, 491A and 491B River Valley Road, the 13,439.4 sq m site has a maximum allowable gross floor area of 54,309 sq m. Valley Point and Fraser Suites are expected to cease operations on Mar, 31 2027 to facilitate redevelopment works.
Both partners said the scheme is intended to strengthen the live-work-play appeal of the Singapore River precinct and underscores their long-term confidence in the city-state’s property market.