# Frasers Property logs $1 bil in pre-sold residential revenues; shareholders to vote on hospitality portfolio optimisation on Aug 28

- **Source:** EdgeProp Singapore
- **Published:** 2026-08-12T04:51:56.000Z
- **Author:** Atiqah Mokhtar
- **Original:** https://www.edgeprop.sg/property-news/fraser-property-logs-1-bil-pre-sold-residential-revenues-shareholders-vote-hospitality-portfolio
- **Topics:** New Launches, Government & Policy, Transactions & Deals

## Featured rationale

The lower pre-sold revenue is partly offset by new Singapore and Australian landbank additions, signalling continued developer confidence and potentially supporting future residential supply.

## AI summary

Frasers Property held $1 billion in unrecognised residential revenue at June 30, including $400 million from 948 Singapore contracts, down from $1.4 billion at Sep 30, 2025.

## Original article

Frasers Property’s unrecognised revenue from residential developments stood at $1 billion as of June 30, down from $1.4 billion as of Sep 30, 2025.

In Singapore, the group has about $400 million in unrecognised revenue across 948 contracts on hand, while Australia accounts for $500 million across 1,415 contracts. Thailand and China make up the remainder.

In its business update for the first nine months of its financial year ended June 30, the company says earnings visibility is supported by Dunearn House in Singapore, which saw 56% of its 380 units sold during its July launch weekend, along with additional pipeline from two Government Land Sale (GLS) sites acquired this year.

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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 developers plan to launch the 463-unit project in 2H2027.

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 yield about 1,280 housing units and 242,188 sq ft of commercial space.

In Australia, earnings visibility is supported by the launch of SkyRidge, a 334ha masterplanned community in Queensland, Australia. Launched in July, it includes 2,760 land lots and a retail centre.

The SkyRidge site is one of two major sites Frasers Property acquired in Australia in June as part 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 development pipeline.

Meanwhile, the group will seek shareholder approval for the proposed revamp of its hospitality portfolio at an extraordinary general meeting that will be held on Aug 28.

On June 25, Frasers Property announced plans to optimise its hospitality portfolio, as part of the next phase of its hospitality strategy, following the privatisation of Fraser Hospitality Trust in 2025.

Read also: Why some young Singaporeans are opting out of the homeownership path

The proposal involves reversing certain arrangements put in place for FHT’s listing, including the removal of minimum fixed rental and corporate guarantee obligations by Frasers Property. It also includes consolidating full ownership of Fraser Suite Singapore, which would facilitate the redevelopment of the Valley Point mixed-use site.

The optimisation unlocks capital from stabilised assets while maintaining a recurring income base, says the group. Frasers Property will retain assets that have upside potential, while non-core assets will be held for future opportunistic divestment.

Alongside the proposed restructuring, the group carried out other initiatives to reshape its portfolio for stronger long-term returns during the first nine months of its financial year.

These include $2.21 billion in capital recycling through its listed Reits, capital partnerships and sales to third parties; ongoing retail and hospitality asset enhancement initiatives, and consolidating ownership of the leasehold plot at The Centrepoint.

In its industrial and logistics segment, the group added about 68,300 sq m (735,175 sq ft) of landbank during the first nine months of the financial year, while also delivering 205,538 sq m (over 2.2 million sq ft) in development projects.

The group's net gearing stood at 93.6% as at June 30, while cash and bank balances totalled $2 billion.

Read also: Ascott inks management agreements for nine Vietnam properties in 1H2026, expects momentum to continue

## Chinese translation

> Translation model: grok_cli

### 星狮地产预售住宅收入达新币10亿元；股东将于8月28日表决酒店组合优化方案

该集团亦补充土地储备，包括加冷近（Kallang Close）政府售地（GLS）地段，计划于2027年下半年推出463个单位的项目。

截至6月30日，星狮地产（Frasers Property）住宅开发项目未确认收入为新币10亿元，低于2025年9月30日的新币14亿元。

在新加坡，集团手头约有948份合约，未确认收入约新币4亿元；澳大利亚则有1,415份合约、未确认收入新币5亿元。泰国与中国构成其余部分。

在截至6月30日的本财政年度前九个月业务更新中，公司表示盈利能见度获新加坡Dunearn House支撑——该项目380个单位在7月开盘周末售出56%，以及今年购得的两幅政府售地（GLS）地段所带来的额外项目储备。

另读：共享居住为Ngee Koon、Zenco Casa在酒店室内领域的雄心铺路

今年4月，星狮地产与三菱地所（Mitsubishi Estate）的合资公司以新币6.1075亿元、即每平方英尺建筑容积率新币1,415元（psf ppr）投得加冷近（Kallang Close）GLS地段。开发商计划于2027年下半年推出该463个单位项目。

上个月，由星狮地产牵头的财团以新币21.28亿元（每平方英尺建筑容积率新币1,323元）投得Bayhore Drive综合用途GLS地段。预计可提供约1,280个住宅单位及242,188平方英尺商业空间。

在澳大利亚，盈利能见度获SkyRidge推出支撑。该项目位于澳大利亚昆士兰州，为占地334公顷的总体规划社区，于7月推出，包含2,760个地块及一座零售中心。

SkyRidge是星狮地产6月在澳大利亚作为土地储备举措收购的两幅主要地段之一，另一幅为维多利亚州吉朗（Geelong）一处60公顷地段。两幅地段合计为集团住宅开发储备新增3,800个单位。

与此同时，集团将于8月28日举行的特别股东大会上，就酒店组合拟议重整寻求股东批准。

6月25日，星狮地产公布优化酒店组合的计划，作为其酒店战略下一阶段的一部分，此前已于2025年将Fraser Hospitality Trust私有化。

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该方案涉及撤销为FHT上市而设立的若干安排，包括取消星狮地产的最低固定租金及公司担保义务；亦包括整合Fraser Suite Singapore的全部所有权，以便利Valley Point综合用途地段的重建。

集团表示，此次优化可从稳定资产中释放资本，同时维持经常性收入基础。星狮地将保留具有上行潜力的资产，而非核心资产则留待未来择机出售。

除拟议重组外，集团在本财政年度前九个月还推行了其他举措，以重塑投资组合、争取更强的长期回报。

其中包括通过旗下上市房地产投资信托（Reits）、资本合作伙伴关系及向第三方出售实现新币22.1亿元的资本循环；持续推进零售与酒店资产提升计划，以及整合The Centrepoint租契地段的所有权。

在工业与物流板块，集团于本财政年度前九个月新增约68,300平方米（735,175平方英尺）土地储备，同时交付205,538平方米（逾220万平方英尺）开发项目。

截至6月30日，集团净负债比率为93.6%，现金及银行结余合计新币20亿元。

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