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OCBC said to be seeking buyer for Mt Elizabeth property

The property could be worth at least S$2,500 psf on approved GFA, assuming it is rezoned for hotel development

Kalpana Rashiwala

Kalpana Rashiwala

Published Wed, Apr 3, 2019 · 09:50 PM
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Singapore

OVERSEA-CHINESE Banking Corporation (OCBC) is looking to sell a 22-storey freehold serviced-residence development at 2, Mount Elizabeth Link, sources told The Business Times.

The district 9 property housing 72 serviced apartments is leased to Frasers Hospitality, which operates it as Fraser Residence Singapore.

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