Frasers Property posts $1b in pre-sold residential revenue in Q1
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Frasers Property Limited reported $1 billion in pre-sold residential revenue for Q1 ending December 31, 2024. The Orie joint development achieved an 86% sales rate at launch. The company plans to redevelop Robertson Walk and Fraser Place into a mixed-use hub, holding a 51% stake, with a 2025 launch. It has ongoing industrial projects in Australia, Europe, Thailand, and Vietnam, and expanded its hospitality portfolio. The group is focused on capital management and addressing macroeconomic challenges by maintaining fixed-rate debt and a natural hedge strategy.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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