Frasers Property's unrecognised revenue reaches $1.9b for 9M 2024

Its 9M unrecognised revenue is already close to FY2023 levels.

Frasers Property Limited (FPL) has reported an unrecognised residential revenue of $1.9b for the first nine months of the financial year 2024 (9M 2024).

The unrecognised residential revenue is already close to its FY2023 unrecognised residential revenue of $2.6b.

In Singapore, FPL has an unrecognised revenue of $0.7b with 491 contracts on hand as of 30 June.

Part of FPL’s residential development pipeline is the Lorong 1 Toa Payoh Government Land Sales (GLS) site, which will yield 777 units.

FPL expects to launch the project in H1 2025.

Meanwhile, FPL has also obtained a Temporary Occupation Permit (TOP) for Parc Greenwich and has almost fully sold Sky Eden@Bedok.

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