Frasers Property logs $1 bil in pre-sold residential revenues; shareholders to vote on hospitality portfolio optimisation on Aug 28
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 prepare to introduce the 463-unit project in 2H2027.
On the other hand, the group will look for investor authorization for the suggested overhaul of its hospitality portfolio at an astounding general meeting that will certainly be hung on Aug 28.
The group’s internet gearing stood at 93.6% as at June 30, while money and financial institution balances amounted to $2 billion.
These include $2.21 billion in capital recycling through its listed Reits, capital partnerships and sales to third parties; continuous retail and friendliness property enhancement initiatives, and combining possession of the leasehold plot at The Centrepoint.
Alongside the proposed restructuring, the group performed other initiatives to improve its portfolio for more powerful long-term returns throughout the initial 9 months of its financial year.
In Australia, revenues visibility is supported by the start of SkyRidge, a 334ha masterplanned community in Queensland, Australia. Launched in July, it includes 2,760 land lots and a retail center.
The optimisation opens capital from secured assets while maintaining a recurring earnings base, states the team. Frasers Property will retain properties that have upside potential, while non-core properties will certainly be held for future opportunistic divestment.
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 assumed to yield around 1,280 housing units and 242,188 sq ft of commercial place.
In Singapore, the group has around $400 million in unrecognised profits throughout 948 contracts available, whilst Australia accounts for $500 million throughout 1,415 agreements. Thailand and China compose the rest.
The proposition entails turning around specific plans put in place for FHT’s listing, involving the relocation of minimum set lease and corporate assurance responsibilities by Frasers Property. It also includes combining full possession of Fraser Suite Singapore, which would help with the redevelopment of the Valley Point mixed-use site.
In its commercial and logistics segment, the group included concerning 68,300 sq m (735,175 sq ft) of landbank during the very first 9 months of the fiscal year, while additionally providing 205,538 sq m (over 2.2 million sq ft) in advancement tasks.
On June 25, Frasers Property revealed plans to optimize its reception portfolio, as aspect of the following stage of its hospitality method, following the privatisation of Fraser Hospitality Trust in 2025.
Frasers Property’s unrecognised income from residential developments stood at $1 billion as of June 30, below $1.4 billion as of Sep 30, 2025.
In its business improve for the very first nine 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 sold throughout its July start weekend, in addition to added pipeline from two Government Land Sale (GLS) sites got this year.
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 other being a 60ha site in Geelong, Victoria. Together, the two sites add 3,800 units to the group’s residential advancement pipeline.
