Frasers Property logs $1 bil in pre-sold residential revenues; shareholders to vote on hospitality portfolio optimisation on Aug 28
In Singapore, the group has about $400 million in unrecognised revenue throughout 948 contracts available, whilst Australia make up $500 million throughout 1,415 contracts. Thailand and China compose the remainder.
In its company improve for the initial nine months of its financial year ended June 30, the company states earnings exposure is supported by Dunearn House in Singapore, that saw 56% of its 380 units marketed throughout its July start weekend, in addition to added pipeline from two Government Land Sale (GLS) sites acquired this year.
Along with the suggested rebuilding, the group accomplished various other initiatives to reshape its portfolio for stronger long-lasting returns during the first nine months of its financial year.
On June 25, Frasers Property revealed programs to optimize its reception account, as aspect of the next phase of its hospitality strategy, complying with the privatisation of Fraser Hospitality Trust in 2025.
The team’s web tailoring stood at 93.6% as at June 30, while money and bank equilibriums amounted to $2 billion.
Previous month, a Frasers Property-led consortium protected a mixed-use GLS site at Bayhore Drive for $2.128 billion ($1,323 psf ppr). It is expected to generate about 1,280 housing units and 242,188 sq ft of business spot.
Meanwhile, the group will seek investor confirmation for the suggested overhaul of its hospitality profile at an astounding general meeting that will be held on Aug 28.
In Australia, revenues presence is sustained by the start of SkyRidge, a 334ha masterplanned neighborhood in Queensland, Australia. Released in July, it includes 2,760 land lots and a retail centre.
The optimisation opens capital from stabilised possessions while keeping a recurring earnings base, states the group. Frasers Property will certainly keep assets that have upside potential, while non-core assets will be held for future opportunistic divestment.
In April, a shared venture between Frasers Property and Mitsubishi Estate was awarded a GLS site at Kallang Close for $610.75 million, or $1,415 psf per plot ratio (psf ppr). The property developers prepare to launch the 463-unit project in 2H2027.
Frasers Property’s unrecognised income from residential growths stood at $1 billion since June 30, below $1.4 billion since Sep 30, 2025.
In its industrial and logistics segment, the group added about 68,300 sq m (735,175 sq ft) of landbank during the very first nine months of the fiscal year, while additionally providing 205,538 sq m (over 2.2 million sq ft) in growth projects.
These include $2.21 billion in funding recycling via its listed Reits, funding partnerships and sales to 3rd parties; ongoing retail and hospitality property enhancement efforts, and settling possession of the leasehold plot at The Centrepoint.
The proposition involves altering specific setups put in place for FHT’s list, involving the removal of minimum fixed lease and business guarantee commitments by Frasers Property. It also consists of combining full possession of Fraser Suite Singapore, that would certainly facilitate the redevelopment of the Valley Point mixed-use site.
The SkyRidge site is among two major sites Frasers Property got in Australia in June as aspect of its landbanking efforts, with the other being a 60ha spot in Geelong, Victoria. Together, the two sites include 3,800 units to the group’s residential advancement pipeline.
