In Singapore, the company has an unrecognised revenue of $1.0b.
Frasers Property ended the first quarter of the financial year 2023 with a pre-sold revenue of $2.7b across Singapore, Australia, China, and Thailand.
Based on the company’s latest business update, it recorded healthy sales of residential projects in Singapore despite rate hikes and inflation.
In the Lion City, Frasers Property sold 50 units and recorded an unrecognised revenue of $1.0b in Q123.
By the end of September 2022, Frasers Property was also able to sell 90% of Rivière units with Temporary Occupation Permit, 100% of Parc Greenwich EC units within nine months from launch, and 77% of Sky [email protected] units.
Frasers Property expects to complete Parc Greenwich and Sky [email protected] by H224 and H126, respectively.