Frasers Property logs $1 bil in pre-sold residential revenues; shareholders to vote on hospitality portfolio optimisation on Aug 28
In its commercial and logistics section, the group included about 68,300 sq m (735,175 sq ft) of landbank during the first nine months of the financial year, while additionally delivering 205,538 sq m (over 2.2 million sq ft) in development jobs.
The team’s web tailoring stood at 93.6% as at June 30, while cash and bank equilibriums completed $2 billion.
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 generate about 1,280 real estate units and 242,188 sq ft of business space.
The SkyRidge site is just one of two major sites Frasers Property acquired in Australia in June as aspect of its landbanking efforts, with the other being a 60ha site in Geelong, Victoria. Together, the two sites add 3,800 units to the group’s residential advancement pipeline.
In Australia, profits visibility is supported by the kick off of SkyRidge, a 334ha masterplanned neighborhood in Queensland, Australia. Released in July, it consists of 2,760 land lots and a retail centre.
On June 25, Frasers Property revealed plans to optimise its reception portfolio, as part of the next phase of its hospitality approach, complying with the privatisation of Fraser Hospitality Trust in 2025.
These involve $2.21 billion in capital recycling through its listed Reits, resources partnerships and sales to 3rd parties; ongoing retail and friendliness property improvement efforts, and combining possession of the leasehold plot at The Centrepoint.
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 developers prepare to introduce the 463-unit project in 2H2027.
In its business update for the first nine months of its financial year ended June 30, the company says earnings exposure is supported by Dunearn House in Singapore, that saw 56% of its 380 units offered throughout its July start weekend, along with extra pipe from 2 Government Land Sale (GLS) sites obtained this year.
The proposition entails turning around specific setups put in place for FHT’s list, including the elimination of minimum set rental and business guarantee commitments by Frasers Property. It also includes consolidating full ownership of Fraser Suite Singapore, which would assist in the redevelopment of the Valley Point mixed-use site.
The optimisation opens capital from secured properties while preserving a recurring earnings base, says the team. Frasers Property will certainly maintain assets that have upside potential, while non-core properties will be held for future opportunistic divestment.
At the same time, the group will certainly look for shareholder confirmation for the proposed spruce up of its hospitality portfolio at an extraordinary general meeting that will be hung on Aug 28.
Frasers Property’s unrecognised earnings from residential growths stood at $1 billion since June 30, down from $1.4 billion as of Sep 30, 2025.
In Singapore, the group has about $400 million in unrecognised income throughout 948 deals on hand, while Australia make up $500 million across 1,415 contracts. Thailand and China make up the remainder.
Together with the suggested rebuilding, the group carried out various other efforts to improve its portfolio for stronger lasting returns during the initial nine months of its fiscal year.
