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.