Frasers Property logs $1 bil in pre-sold residential revenues; shareholders to vote on hospitality portfolio optimisation on Aug 28
The SkyRidge site is just one of two significant sites Frasers Property obtained in Australia in June as part of its landbanking efforts, with the some other being a 60ha site in Geelong, Victoria. Together, the two sites add 3,800 units to the group’s residential advancement pipeline.
On June 25, Frasers Property introduced programs to optimize its hospitality profile, as aspect of the next phase of its hospitality approach, adhering to the privatisation of Fraser Hospitality Trust in 2025.
These include $2.21 billion in funding recycling via its listed Reits, funding collaborations and sales to 3rd parties; continuous retail and friendliness asset enhancement efforts, and settling ownership of the leasehold plot at The Centrepoint.
In its commercial and logistics section, the group added regarding 68,300 sq m (735,175 sq ft) of landbank during the first nine months of the fiscal year, while also supplying 205,538 sq m (over 2.2 million sq ft) in growth projects.
At the same time, the group will look for shareholder confirmation for the proposed spruce up of its hospitality profile at an extraordinary general meeting that will be hung on Aug 28.
Along with the proposed restructuring, the group carried out various other efforts to improve its profile for more powerful long-lasting returns during the initial nine months of its financial year.
In April, a shared 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 property developers prepare to release the 463-unit project in 2H2027.
The optimisation unlocks capital from stabilised properties while preserving a recurring earnings base, says the team. Frasers Property will maintain possessions that have upside prospective, while non-core properties will be held for future opportunistic divestment.
The proposition entails altering certain plans implemented for FHT’s listing, including the relocation of minimum set lease and corporate assurance commitments by Frasers Property. It also includes combining complete possession of Fraser Suite Singapore, that would certainly facilitate the redevelopment of the Valley Point mixed-use site.
The team’s web tailoring stood at 93.6% as at June 30, while money and bank equilibriums totalled $2 billion.
Frasers Property’s unrecognised income from residential growths stood at $1 billion since June 30, below $1.4 billion since Sep 30, 2025.
In Singapore, the group has about $400 million in unrecognised earnings across 948 agreements ready, whilst Australia represent $500 million throughout 1,415 contracts. Thailand and China make up the rest.
In Australia, revenues presence is sustained by the kick off of SkyRidge, a 334ha masterplanned community in Queensland, Australia. Launched in July, it consists of 2,760 land lots and a retail center.
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 anticipated to generate about 1,280 housing units and 242,188 sq ft of industrial space.
In its service upgrade for the initial nine months of its financial year finished June 30, the company claims earnings exposure is supported by Dunearn House in Singapore, that saw 56% of its 380 units offered during its July release weekend, in addition to additional pipeline from two Government Land Sale (GLS) sites got this year.
