{
  "id": 4667189,
  "title": "Frasers Property acquires Cuppage Terrace in Orchard Road area for S$175 million",
  "url": "https://urgent.news/2026/08/31/frasers-property-acquires-cuppage-terrace-in-orchard-road-area-for-s",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-31T15:56:17.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/property/frasers-property-acquires-cuppage-terrace-orchard-road-area-s175-million"
  },
  "original_language": "en",
  "account": "Frasers Property has acquired a cluster of 17 Peranakan-style shophouses known as Cuppage Terrace in the Orchard Road district for a price of S$175 million. The property, situated adjacent to Frasers' flagship Centrepoint mall, features a mix of dining, entertainment, and nightlife options. With a gross floor area of 34,678 square feet and 62 years remaining on its 99-year lease, the acquisition marks a strategic move by Frasers to enhance its assets in the busy shopping district. The company, which holds a majority stake in the freehold front plot of Centrepoint and owns 96% of the retail units, aims to unlock synergies between the adjacent sites to contribute to the ongoing development of Orchard Road.",
  "summary": "The asset is located next to The Centrepoint, Frasers’ flagship property on Orchard Road",
  "key_points": [
    "Frasers Property acquires Cuppage Terrace for S$175 million",
    "17 Peranakan-style shophouses added to Orchard Road assets",
    "Strategic move to enhance flagship Centrepoint mall"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}