Frasers Property Limited released its business update for the three months ended Dec, 31 2025 on Feb, 6 2026. The group reported unrecognised residential revenue of 1.4 billion Singapore dollars across its Singapore, Australia, Thailand and China pipelines, underpinned by projects such as the 348-unit The Robertson Opus in Singapore (56 per cent sold since its Jul 2025 launch) and the 1,607-lot Five Farms community in Victoria, Australia (90 per cent sold).

In Industrial & Logistics (I&L), Frasers Property added about 68,300 sq m of landbank in 1Q FY26, bringing its development pipeline to roughly 862,000 sq m. Recent completions include 9,443 sq m of space, while a further 452,000 sq m is scheduled for Vietnam over FY26–FY27. Portfolio occupancy remained above 95 per cent in Australia, the EU, Thailand, Vietnam and the UK, with positive rental reversions recorded in key markets.

The group’s retail assets maintained high occupancy, supported by Singapore’s suburban malls and an initial phase of asset enhancement at Hougang Mall. Commercial properties secured positive rental reversions across Singapore, Australia, Thailand, Vietnam and the UK, with approximately 45 per cent of FY26 expiries in Thailand already re-leased.

Hospitality operations improved, posting year-on-year revenue per available room gains across Asia Pacific, Thailand and EMEA, aided by stronger average daily rates during peak seasonal demand.

On capital management, Frasers Property reported cash and bank balances of 2.2 billion Singapore dollars and a net debt-to-total equity ratio of 89.0 per cent. Total debt stood at 17.588 billion Singapore dollars with sufficient liquidity to cover FY2026 maturities. Management said it will continue to prioritise green and sustainable financing, active capital recycling and natural currency hedging to navigate interest-rate and geopolitical uncertainties.