Frasers Property logs $1 bil in pre-sold residential revenues; shareholders to vote on hospitality portfolio optimisation on Aug 28
In April, a shared 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 proposal involves altering certain setups put in place for FHT’s listing, involving the elimination of minimum fixed lease and business assurance obligations by Frasers Property. It also consists of combining complete possession of Fraser Suite Singapore, which would certainly help with the redevelopment of the Valley Point mixed-use site.
The optimization opens capital from stabilised possessions while preserving a recurring income base, says the team. Frasers Property will certainly maintain possessions that have upside potential, while non-core assets will be held for future opportunistic divestment.
The SkyRidge site is among two significant sites Frasers Property acquired in Australia in June as part of its landbanking efforts, with the other being a 60ha location in Geelong, Victoria. Together, both sites add 3,800 units to the group’s non commercial growth pipeline.
In its commercial and logistics segment, the group added regarding 68,300 sq m (735,175 sq ft) of landbank during the very first 9 months of the financial year, while additionally delivering 205,538 sq m (over 2.2 million sq ft) in advancement jobs.
In Singapore, the group has about $400 million in unrecognised profits across 948 deals on hand, whilst Australia accounts for $500 million throughout 1,415 contracts. Thailand and China compose the rest.
In Australia, profits presence is sustained 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 group’s internet tailoring stood at 93.6% as at June 30, while cash money and bank balances amounted to $2 billion.
These include $2.21 billion in resources recycling with its listed Reits, funding collaborations and sales to third parties; recurring retail and friendliness property improvement campaigns, and settling possession of the leasehold plot at The Centrepoint.
On June 25, Frasers Property introduced programs to optimize its hospitality portfolio, as aspect of the next phase of its hospitality method, following the privatisation of Fraser Hospitality Trust in 2025.
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Along with the suggested rebuilding, the group performed other campaigns to improve its profile for more powerful long-lasting returns throughout the initial 9 months of its fiscal year.
Previous 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 anticipated to generate around 1,280 real estate units and 242,188 sq ft of business spot.
Meanwhile, the group will certainly seek shareholder approval for the suggested spruce up of its hospitality portfolio at an extraordinary general meeting that will be held on Aug 28.
Frasers Property’s unrecognised earnings from residential developments stood at $1 billion as of June 30, below $1.4 billion as of Sep 30, 2025.
In its company upgrade for the first nine months of its financial year ended June 30, the firm claims earnings exposure is upheld by Dunearn House in Singapore, which saw 56% of its 380 units sold throughout its July launch weekend, together with extra pipeline from two Government Land Sale (GLS) sites acquired this year.
