Frasers Property logs $1 bil in pre-sold residential revenues; shareholders to vote on hospitality portfolio optimisation on Aug 28
In April, a shared venture 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 developers prepare to launch the 463-unit project in 2H2027.
In Singapore, the group has about $400 million in unrecognised revenue across 948 contracts on hand, while Australia make up $500 million throughout 1,415 agreements. Thailand and China make up the rest.
In its commercial and logistics sector, the group included concerning 68,300 sq m (735,175 sq ft) of landbank during the initial nine months of the fiscal year, while also delivering 205,538 sq m (over 2.2 million sq ft) in advancement jobs.
These include $2.21 billion in resources recycling through its listed Reits, capital collaborations and sales to 3rd parties; ongoing retail and friendliness property enhancement initiatives, and consolidating possession of the leasehold plot at The Centrepoint.
On June 25, Frasers Property introduced strategies to optimize its reception account, as part of the next stage of its hospitality method, following the privatisation of Fraser Hospitality Trust in 2025.
Together with the suggested restructuring, the group accomplished various other campaigns to reshape its portfolio for stronger lasting returns during the first 9 months of its fiscal year.
Meanwhile, the group will certainly look for investor approval for the proposed overhaul of its hospitality profile at an extraordinary general meeting that will be held on Aug 28.
Frasers Property’s unrecognised profits from residential growths stood at $1 billion as of June 30, down from $1.4 billion as of Sep 30, 2025.
In Australia, revenues presence is sustained by the launch of SkyRidge, a 334ha masterplanned community in Queensland, Australia. Launched in July, it includes 2,760 land lots and a retail center.
The proposition entails reversing certain plans implemented for FHT’s listing, including the elimination of minimum fixed rental and corporate guarantee responsibilities by Frasers Property. It also consists of consolidating full ownership of Fraser Suite Singapore, which would promote the redevelopment of the Valley Point mixed-use site.
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 produce about 1,280 housing units and 242,188 sq ft of business spot.
The group’s internet gearing stood at 93.6% as at June 30, while money and bank balances amounted to $2 billion.
The SkyRidge site is just one of two major sites Frasers Property got in Australia in June as area of its landbanking efforts, with the some other being a 60ha spot in Geelong, Victoria. Together, the two sites include 3,800 units to the group’s residential advancement pipeline.
The optimization unlocks capital from stabilised properties while maintaining a recurring earnings base, states the team. Frasers Property will certainly maintain assets that have upside prospective, while non-core assets will certainly be held for future opportunistic divestment.
In its service upgrade for the initial 9 months of its financial year finished June 30, the business says earnings presence is upheld by Dunearn House in Singapore, that saw 56% of its 380 units offered throughout its July release weekend, in addition to additional pipe from two Government Land Sale (GLS) sites acquired this year.
