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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

Frasers Hospitality has leased the block and operates it as Fraser Residence, which houses 72 serviced apartments. It was reported that Frasers Hospitality spent S$6.5 million to spruce up the place in 2011.


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...

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