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Frasers Property takes prudent stance in Singapore residential market

This takes the form of a S$93.95m writedown on properties held for sale to make its residential development portfolio more robust

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As at end-October, Frasers' 455-unit Rivière had sold 46 of the 60 units launched to date. Two units were sold in October at a median price of S$2,818 per square foot.

Singapore

FRASERS Property Limited has been taking a cautious approach to the Singapore residential market, given elevated land prices and a slow take- up rate from home buyers. But it continues to actively review opportunities, group chief executive officer Panote Sirivadhanabhakdi said...

sentifi.com

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