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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

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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.

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...

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