FY22 Financial Highlights
•
Stable investment properties portfolio metrics in Singapore
Continued uptick in business activities and shopper traffic as the COVID-19 situation improves
Suburban retail portfolio remains resilient
•
Portfolio retail sales have surpassed pre-pandemic levels and larger malls
are leading the recovery with positive rental reversion
New tenants and concepts across the entire portfolio
Reconfigured spaces at The Centrepoint and Northpoint City South Wing
Prime Grade A and Core CBD offices rents surpassed pre-pandemic peak
after six consecutive quarters of growth underpinned by limited new supply and
resilient demand; rents are expected to continue growing for the rest of 2022
Singapore office market remains resilient despite ongoing macroeconomic
and geopolitical uncertainties, with broad-based leasing demand across all
submarkets and a slowdown in rightsizing trend as employees return to the office
Macro Drivers and Industry Trends
اى
Improvement in business activities and shopper traffic
since the significant easing of safe management measures
in 2022
Retail sales increased Y-o-Y at 11.2% in September 2022
mainly due to larger growths in industries such as Wearing
Apparel & Footwear, Food & Alcohol and Watches &
Jewellery
Sustained rental growth in Grade A buildings supported
by broad-based demand and tight vacancy; the office
sector is propped up by limited new supply and reduction of
existing stock due for redevelopment⁹
S$8.4 b
AUM1
Retail Portfolio Metrics2
AOR³
FY225
FY21
Change
95.8%
94.9%
▲ 0.9 pp
Leases due to expire the next FY4
28.4%
38.2%
▼ 9.8 pp
Commercial Portfolio Metrics²
FY225
FY217
Change
S$4.2 b
AOR³
92.7%
AUM6
Leases due to expire the next FY4
11.8%
92.3%
10.6%
▲ 0.4 pp
▲ 1.2 pp
The Centrepoint, Singapore:
Wine & Dine Grocer Bar at FairPrice Finest
Frasers Tower, Singapore:
Vertical challenge event
1. Comprises retail assets in Singapore in which the Group has an interest, including assets held by FCT and excluding Eastpoint Mall. 2. Reflects portfolio metrics of AUM. 3. Committed average occupancy rate as at 30 September as a percentage of
NLA, excluding community and/or sports facilities space. 4. Leases due to expire in the next FY as a percentage of NLA, excluding community and/or sports facilities space. 5. FY22 Commercial Portfolio includes Central Plaza; FY22 Retail Portfolio
excludes Central Plaza as well as assets divested by FCT in FY21. FY22 Retail Portfolio excludes Bedok Point which was closed on 30 June 2022. 6. Comprises commercial assets in Singapore in which the Group has an interest, including assets held
by FLCT and FCT. 7. FY21 includes Cross Street Exchange which was divested on 31 March 2022. 8. singstat.gov.sg/-/media/files/news/mrssep2022.ashx.9. Singapore Figures Q3 2022 | CBRE.
We are Frasers Property
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