Frasers Property logs $1 bil in pre-sold residential revenues; shareholders to vote on hospitality portfolio optimisation on Aug 28
In April, a joint project 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 developers prepare to launch the 463-unit project in 2H2027.
In Australia, profits visibility is sustained 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 introduced programs to optimise its hospitality profile, as aspect of the following phase of its hospitality approach, adhering to the privatisation of Fraser Hospitality Trust in 2025.
Alongside the proposed rebuilding, the group carried out various other efforts to improve its profile for stronger long-lasting returns during the first 9 months of its fiscal year.
The optimisation opens capital from secured assets while preserving a recurring revenue base, states the group. Frasers Property will keep properties that have upside potential, while non-core assets will certainly be held for future opportunistic divestment.
Frasers Property’s unrecognised profits from residential developments stood at $1 billion as of June 30, down from $1.4 billion as of Sep 30, 2025.
These involve $2.21 billion in funding reusing through its listed Reits, funding collaborations and sales to third parties; continuous retail and friendliness asset enhancement initiatives, and settling ownership of the leasehold plot at The Centrepoint.
Meanwhile, the group will certainly look for shareholder confirmation for the proposed overhaul of its hospitality portfolio at an extraordinary general meeting that will be held on Aug 28.
The proposal involves reversing particular plans implemented for FHT’s listing, involving the elimination of minimum set rental and corporate assurance obligations by Frasers Property. It also includes combining complete possession of Fraser Suite Singapore, which would help with the redevelopment of the Valley Point mixed-use site.
The SkyRidge site is just one of two significant sites Frasers Property acquired in Australia in June as aspect of its landbanking initiatives, with the some other being a 60ha site in Geelong, Victoria. Together, both sites add 3,800 units to the group’s non commercial growth pipeline.
Last 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 expected to produce about 1,280 housing units and 242,188 sq ft of commercial spot.
The team’s net gearing stood at 93.6% as at June 30, while cash money and financial institution balances totalled $2 billion.
In its company improve for the first 9 months of its financial year ended June 30, the firm says earnings visibility is supported by Dunearn House in Singapore, which saw 56% of its 380 units marketed during its July launch weekend, in addition to added pipe from 2 Government Land Sale (GLS) sites obtained this year.
In Singapore, the group has about $400 million in unrecognised income throughout 948 contracts ready, whilst Australia accounts for $500 million across 1,415 agreements. Thailand and China compose the rest.
In its commercial and logistics segment, the group added about 68,300 sq m (735,175 sq ft) of landbank during the initial nine months of the financial year, while additionally supplying 205,538 sq m (over 2.2 million sq ft) in development projects.
