Frasers Property Launches Major Upgrade for NEX Mall in Serangoon

Reuters

Feb 12

Frasers Property Launches Major Upgrade for NEX Mall in Serangoon

Frasers Property Limited, through its retail-focused REIT Frasers Centrepoint Trust $(FCT)$ and partners, has announced a major Asset Enhancement Initiative $(AEI)$ for NEX, a prominent retail mall in Singapore’s northeast. The upgrade, set to begin in the second quarter of 2026 and take about two years to complete, will add approximately 44,000 square feet of commercial net lettable area. The project aims to improve circulation, connectivity, and common areas within the mall, as well as introduce new tenant clusters. This initiative is expected to deliver a 7% return on investment, enhancing long-term income and asset valuation for investors.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Frasers Property Limited published the original content used to generate this news brief on February 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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