Frasers Property logs $1 bil in pre-sold residential revenues; shareholders to vote on hospitality portfolio optimisation on Aug 28
In April, a joint project in 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 plan to introduce the 463-unit project in 2H2027.
The optimisation opens capital from stabilised properties while keeping a recurring earnings base, says the group. Frasers Property will keep properties that have upside potential, while non-core properties will be held for future opportunistic divestment.
The proposal entails reversing certain plans put in place for FHT’s listing, including the elimination of minimum set lease and company guarantee commitments by Frasers Property. It also consists of combining full ownership of Fraser Suite Singapore, that would promote the redevelopment of the Valley Point mixed-use site.
In Singapore, the group has about $400 million in unrecognised revenue throughout 948 agreements available, whilst Australia accounts for $500 million across 1,415 contracts. Thailand and China make up the remainder.
Amberwood at Holland Sim Lian Group
Previous month, a Frasers Property-led consortium secured a mixed-use GLS site at Bayhore Drive for $2.128 billion ($1,323 psf ppr). It is expected to generate around 1,280 real estate units and 242,188 sq ft of commercial spot.
The group’s net gearing stood at 93.6% as at June 30, while cash money and bank equilibriums totalled $2 billion.
Meanwhile, the group will certainly seek shareholder approval for the proposed overhaul of its hospitality portfolio at an extraordinary general meeting that will certainly be held on Aug 28.
In its business upgrade for the initial 9 months of its financial year finished June 30, the business states earnings exposure is supported by Dunearn House in Singapore, which saw 56% of its 380 units sold during its July start weekend, along with added pipeline from 2 Government Land Sale (GLS) sites obtained this year.
These involve $2.21 billion in funding recycling via its listed Reits, funding collaborations and sales to third parties; continuous retail and hospitality asset improvement campaigns, and combining ownership of the leasehold plot at The Centrepoint.
In Australia, profits presence is supported by the launch of SkyRidge, a 334ha masterplanned community in Queensland, Australia. Released in July, it includes 2,760 land lots and a retail centre.
In its industrial and logistics sector, the group added concerning 68,300 sq m (735,175 sq ft) of landbank during the initial nine months of the fiscal year, while likewise delivering 205,538 sq m (over 2.2 million sq ft) in advancement jobs.
Frasers Property’s unrecognised revenue from residential growths stood at $1 billion as of June 30, below $1.4 billion since Sep 30, 2025.
On June 25, Frasers Property announced plans to optimize its hospitality profile, as part of the following stage of its hospitality method, adhering to the privatisation of Fraser Hospitality Trust in 2025.
The SkyRidge site is just one of two significant sites Frasers Property acquired in Australia in June as aspect of its landbanking initiatives, with the other being a 60ha spot in Geelong, Victoria. Together, both sites include 3,800 units to the group’s residential growth pipeline.
Together with the suggested rebuilding, the group executed various other initiatives to reshape its portfolio for stronger long-lasting returns during the first 9 months of its financial year.
