Capri by Fraser transacted at S$203.4m
Frasers Centrepoint unit acquires serviced apartment-hotel hybrid property from Ascendas-Frasers Centrepoint JV; asset expected to be offered to FHT
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Singapore
A UNIT of Frasers Centrepoint Limited is paying S$203.4 million for Capri by Fraser, Changi City.
The price translates to nearly S$650,000 per room for the 313-room "hotel residence" - or a serviced apartment- hotel hybrid - which is on land with a balance lease term of about 54 years.
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