FY22 Financial Highlights
Resilient demand for quality residential developments in Singapore
Steady progress for current development projects; new launch in the quarter received strong demand
•
Sales of launched projects continued to strengthen despite
property curbs introduced in December 2021
Sold 80% of Rivière units with target completion in 1H FY23
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•
•
Sold 100% of Parc Greenwich EC units within nine months from
launch with target completion in 2H FY24
Sky Eden@Bedok launched to strong demand
•
Sold 75% on launch day on 7 September 2022 at an average price
of about S$2,102 per square foot, with target completion in 1H FY26
Monitoring prevailing headwinds and implementing contingency plans
Multi-pronged marketing strategies to support sales have delivered
good results
•
Macro Drivers and Industry Trends
Positive momentum in 3Q 2022 driven mainly by robust
home sales in the private non-landed residential
segment
3.8% increase in Singapore private residential prices4
in 3Q 2022, compared to 3.5% increase in 2Q 2022
8.8% decrease in private residential unit sales
volume (excluding executive condominiums)4 in 3Q
2022 compared to 2Q 2022, with a significant 125%
rebound in September 2022 compared to August 2022
Residential Portfolio Activity in FY22
473
S$0.8b
Units sold 1,2
Unrecognised revenue³
awww
1. Including options signed. 2. Includes 100% of JV projects. 3. Includes the Group's subsidiaries at 100% and effective interest of JVs. 4. ura.gov.sg/Corporate/Media-Room/Media-Releases/pr22-38.
We are Frasers Property
Artist's impression - Parc Greenwich, Singapore
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