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

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.

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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.

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