Frasers Property Diversified Growth

Singapore development projects on track for completion • • • • • Sold 100% 1 of Rivière units with Temporary Occupation Permit ("TOP") obtained on 17 January 20233 Sold 100% of Parc Greenwich Executive Condominium units within nine months of launch with target completion in 3Q FY24 Sold 86% of Sky Eden@Bedok residential units with target completion in 1Q FY26 Multi-pronged marketing strategies to drive sales have delivered good results The increases in Additional Buyer's Stamp Duty ("ABSD")4 that took effect from 27 April 2023 are not expected to have a material impact on current projects Residential Portfolio Activity in FY23 Macro Drivers and Industry Trends Singapore residential market remains resilient but developers are taking a more cautious approach to land bids in view of the recent increase in land supply by the government and the higher interest rate environment The increases in ABSD that took effect from 27 April 2023 have no impact for first time Singaporean buyers; ABSD doubled to 60% for foreigners. Increases in ABSD is only expected to affect about 10% of total residential property transactions4 4.4% YoY increase in Singapore private residential prices in 3Q 2023, 30.2% YoY decrease in Singapore private residential sales volume 6 for the 12-months to 3Q 2023, as buyers exercise more prudence in view of the macroeconomic headwinds, higher interest rate environment and government cooling measures 110 Units sold 1,2 S$0.9 b Unrecognised revenue1.2 631 contracts on hand 1,2 as at 30 Sep 2023 Sky Eden@Bedok, Singapore 1. Including options signed. 2. Includes subsidiaries at gross (100%) and equity-accounted JVs and associates at their effective share. 3. TOP for Fraser Residence River Promenade (serviced residence component) was attained on 4 May 2023. 4. mnd.gov.sg/newsroom/press-releases/view/measures-for-a-sustainable-property-market. 5. ura.gov.sg/Corporate/Media-Room/Media-Releases/pr23-18. 6. https://www.ura.gov.sg/Corporate/Media-Room/Media-Releases/pr23-39. We are Frasers Property 33 33

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