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 around $400 million in unrecognised profits throughout 948 deals ready, whilst Australia make up $500 million across 1,415 contracts. Thailand and China compose the rest.
At the same time, the group will certainly look for shareholder approval for the recommended revamp of its hospitality profile at an extraordinary general meeting that will be hung on Aug 28.
These include $2.21 billion in resources recycling through its listed Reits, capital collaborations and sales to third parties; ongoing retail and hospitality property improvement efforts, and combining ownership of the leasehold plot at The Centrepoint.
In its business upgrade for the first nine months of its financial year finished June 30, the company says earnings presence is supported by Dunearn House in Singapore, which saw 56% of its 380 units offered throughout its July launch weekend, along with extra pipe from 2 Government Land Sale (GLS) sites obtained this year.
On June 25, Frasers Property announced programs to optimize its hospitality portfolio, as component of the next phase of its hospitality strategy, complying with the privatisation of Fraser Hospitality Trust in 2025.
In April, a joint 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 plan to release the 463-unit project in 2H2027.
In its commercial and logistics segment, the group included about 68,300 sq m (735,175 sq ft) of landbank during the first nine months of the fiscal year, while likewise delivering 205,538 sq m (over 2.2 million sq ft) in growth tasks.
In Australia, profits presence is supported by the kick off of SkyRidge, a 334ha masterplanned area in Queensland, Australia. Introduced in July, it consists of 2,760 land lots and a retail centre.
The optimisation unlocks capital from stabilised assets while keeping a recurring earnings base, claims the team. Frasers Property will certainly retain possessions that have upside possible, while non-core possessions will be held for future opportunistic divestment.
The group’s web gearing stood at 93.6% as at June 30, while money and bank equilibriums amounted to $2 billion.
The SkyRidge site is just 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 spot in Geelong, Victoria. Together, the two sites add 3,800 units to the group’s residential development pipeline.
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 assumed to yield around 1,280 housing units and 242,188 sq ft of commercial place.
The proposal entails reversing specific setups implemented for FHT’s list, involving the elimination of minimum set lease and business guarantee responsibilities by Frasers Property. It also consists of combining full ownership of Fraser Suite Singapore, which would help with the redevelopment of the Valley Point mixed-use site.
Along with the suggested restructuring, the group accomplished other campaigns to reshape its portfolio for more powerful long-lasting returns during the first nine months of its financial year.
Frasers Property’s unrecognised profits from residential advancements stood at $1 billion since June 30, down from $1.4 billion since Sep 30, 2025.
