Since its launch in July 2025, The Robertson Opus has achieved 56% sales (Photo: Frasers Property)
In its 1QFY2026 business update for the quarter ended Dec 31, 2025, Frasers Property reported $1.4 billion in pre-sold but unrecognised residential revenue across Singapore, Australia, Thailand and China.
In Singapore, about $0.5 billion of unrecognised revenue came mainly from The Robertson Opus, a 999-year leasehold development comprising 348 luxury residences. Frasers Property holds a 51% stake in the project, with Sekisui House owning the remaining 49%. Since its launch in July 2025, the project has achieved 56% sales.
China contributed another $0.5 billion from Fang Song Community in Songjiang, Shanghai. The 194-unit premium residential development is 69% sold since its launch in December.
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Frasers Property is also developing Bradmill Yarraville in partnership with Irongate Group. It’s a redevelopment of the former Bradmill Denim Factory site in inner west Melbourne, Australia (Photo: Frasers Property)
In Australia, $0.4 billion of unrecognised revenue came from projects including Five Farms, a 116ha (close to 12.5 million sq ft) master-planned community in Victoria comprising 1,607 lots. Frasers Property holds a 61% stake in the project, which is 90% sold. Of the 898 lots released for sale, 76% have been settled.
Frasers Property is also developing Bradmill Yarraville in partnership with Irongate Group. It’s a redevelopment of the former Bradmill Denim Factory site in inner west Melbourne, Australia. When completed, the mixed-use precinct will have more than 1,000 homes, a neighbourhood shopping centre, and parks and open spaces.
Thailand contributed $40 million, including from Gute’ Sathorn, an 88-unit single-detached housing project near Bangkok’s CBD. Frasers Property has a 59.4% stake in the development, which is scheduled for launch in 2QFY2026.
Gute’ Sathorn, an 88-unit single-detached housing project near Bangkok’s CBD (Artist's impression: Frasers Property)
Frasers Property’s industrial and logistics portfolio delivered 9,443 sqm (101,644 sq ft) of space during the quarter and has a development pipeline of 862,000 sqm (9.28 million sq ft) across Australia, Europe, Vietnam and Thailand.
Australia, Europe and Thailand recorded positive rental reversions from both new leases and renewals in 1QFY2026. In Australia, performance is normalising amid moderating demand following elevated levels in FY2024.
In Vietnam, the group continues to see strong demand, supporting 452,000 sqm of planned completions in FY2026 and FY2027.
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Phase one of Hougang Mall’s asset enhancement initiative was completed in November 2025, introducing several new-to-catchment concepts (Photo: Frasers Property)
Occupancy rates across Singapore, Australia and Thailand were above 94% as at Dec 31, 2025.
In Singapore, the retail portfolio maintained healthy occupancy and rental growth, supported by tenant mix enhancements and targeted marketing initiatives that increased footfall and sales. Phase one of Hougang Mall’s asset enhancement initiative was completed in November 2025, introducing several new-to-catchment concepts.
In Australia, higher occupancy and stronger tenant sales followed the opening of Mambourin Marketplace in September 2025. However, rental reversion turned slightly negative due to lower leasing activity and the repricing of a previously over-rented tenancy.
Retail assets in Thailand recorded improved occupancy and rental levels, supported by stronger shopper traffic and tenant-mix optimisation.
The commercial portfolio recorded positive rental reversion and stable occupancy in Singapore, driven mainly by leasing at Alexandra Technopark. In Australia, positive rental reversion was achieved at Rhodes Quarter.
In Thailand, 45% of FY2026 expiring leases have been secured, with the remainder under negotiation. Positive rental reversion was recorded in 1QFY2026.
In the UK, business park performance stabilised, although leasing at The Rowe remains challenging.
Artist's impression of The Robertson Opus, a redevelopment of the former Fraser Place Robertson Walk (Picture: Frasers Property)
Frasers Property’s hospitality portfolio comprises 115 properties across 20 countries, with 17,300 units in operation and another 3,900 units in the pipeline.
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In Asia Pacific, revenue per available room (RevPAR) increased y-o-y, supported by higher average daily rates (ADR) in Australia, Singapore and Japan. This was partly offset by softer rates in China and the closure of Fraser Place Robertson Walk in Singapore for redevelopment. RevPAR also rose q-o-q, supported by year-end seasonal demand in Australia, Japan and Thailand.
In Europe and the Middle East (EMEA), RevPAR increased y-o-y, driven by stronger long-stay and public-sector demand in the UK, as well as higher event and group rates in Germany. This was partly offset by refurbishment works in the UK and a q-o-q softening after the summer peak.
Frasers Property held $2.2 billion in cash and cash equivalents as at end-1QFY2026, compared with $2.4 billion as at end-FY2025.
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