Frasers Property logs $1 bil in pre-sold residential revenues; shareholders to vote on hospitality portfolio optimisation on Aug 28
Frasers Property’s unrecognised income from residential growths stood at $1 billion since June 30, below $1.4 billion since Sep 30, 2025.
In April, a joint venture in between Frasers Property and Mitsubishi Estate was granted a GLS site at Kallang Close for $610.75 million, or $1,415 psf per plot ratio (psf ppr). The property developers plan to release the 463-unit project in 2H2027.
In its industrial and logistics sector, the group added about 68,300 sq m (735,175 sq ft) of landbank during the initial nine months of the fiscal year, while likewise providing 205,538 sq m (over 2.2 million sq ft) in development projects.
The SkyRidge site is one of two major sites Frasers Property obtained in Australia in June as area of its landbanking initiatives, with the some other being a 60ha site in Geelong, Victoria. Together, both sites include 3,800 units to the group’s residential development pipeline.
The proposition involves reversing certain setups implemented for FHT’s listing, including the elimination of minimum fixed lease and business assurance responsibilities by Frasers Property. It also includes combining full possession of Fraser Suite Singapore, which would promote the redevelopment of the Valley Point mixed-use site.
The optimization unlocks capital from stabilised possessions while maintaining a recurring earnings base, says the team. Frasers Property will certainly keep possessions that have upside possible, while non-core assets will certainly be held for future opportunistic divestment.
The group’s web tailoring stood at 93.6% as at June 30, while cash money and bank equilibriums completed $2 billion.
In its business improve for the first nine months of its financial year finished June 30, the business states earnings exposure is upheld by Dunearn House in Singapore, which saw 56% of its 380 units sold throughout its July start weekend, in addition to extra pipe from two Government Land Sale (GLS) sites got this year.
Along with the proposed restructuring, the group performed various other efforts to reshape its portfolio for more powerful long-term returns throughout the initial 9 months of its financial year.
These include $2.21 billion in capital reusing through its listed Reits, capital collaborations and sales to third parties; ongoing retail and hospitality possession enhancement efforts, and consolidating ownership of the leasehold plot at The Centrepoint.
On the other hand, the group will certainly look for shareholder authorization for the recommended overhaul of its hospitality profile at an extraordinary general meeting that will certainly be held on Aug 28.
In Singapore, the group has around $400 million in unrecognised revenue throughout 948 contracts available, while Australia make up $500 million across 1,415 contracts. Thailand and China compose the remainder.
Last month, a Frasers Property-led consortium safeguarded a mixed-use GLS site at Bayhore Drive for $2.128 billion ($1,323 psf ppr). It is expected to produce around 1,280 housing units and 242,188 sq ft of industrial place.
In Australia, profits visibility is supported by the launch of SkyRidge, a 334ha masterplanned neighborhood in Queensland, Australia. Released in July, it includes 2,760 land lots and a retail center.
On June 25, Frasers Property introduced plans to optimize its reception account, as part of the next stage of its hospitality strategy, complying with the privatisation of Fraser Hospitality Trust in 2025.
