Frasers Property Diversified Growth

• Residential business under pressure from macro developments Rebalancing residential portfolio for future growth Eight new projects launched in FY23 with a total GDV of ~S$512 million, down from 18 projects launched in FY22 • 78 active projects with total GDV of S$4,262 million as at 30 September 2023 Strategic shift to luxury single-detached housing to capture affluent demand amid economic challenges. Macro Drivers and Industry Trends Thailand household debt continued to increase from 3.5% in 4Q 2022 to 3.6% in 1Q 2023 while the ratio of household debt to GDP remains high at 90.6%³ • A luxury single-detached housing project and a townhome project were launched in 4Q FY23 Product specification adjustment with innovative and adaptive home designs to better suit the changing consumers' behavior and their purchasing power Residential Portfolio Activity in FY23 2,063 4,713 S$0.05 b Units settled² Units sold 1,2 Unrecognised revenue 1,2 241 contracts on hand 1,2 as at 30 Sep 2023 $ BOT gradually raised the policy rate in FY2023 from 1.50% in January 2023 to 2.50% in September 20234,5 Thailand's real estate sector showed sluggish signs, with REIC anticipating 10.2% drop in residential transfers and 4.5% decline in overall value for FY236 Grandio Chaengwattana-Muangthong, Bangkok, Thailand 1. Including options signed. 2. Includes the Group's subsidiaries at gross (100%). 3. bangkokpost.com/business/general/2637529/warning-over-household-debt-surge. 4. bot.or.th/en/news-and-media/news/news-20230125.html. 5. bot.or.th/en/news-and- media/news/news-20230927-2.html. 6. bangkokpost.com/property/2572109/housing-market-lacks-lustre. We are Frasers Property 54

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