Listed company and property developer Frasers Centrepoint (FCL) will construct a 16 storey hotel at China Square Central having a gross floor area of 16000 square metres. When it is completed at Cross street, Frasers Hospitality will manage it under the “Capri by Fraser” brand.

The hotel to be developed by FCL will raise the profile of China Square Central as an integrated development,” said Mr Low Chee Wah, Chief Executive Officer ofFrasers Centrepoint Asset Management (Commercial), in a news release.”The hotel is expected to further rejuvenate and boost the value of China Square Central in the long run. These are in line with FCOT’s objective of achieving long term growth in distributions and net asset value per unit,” he added.