FY22 Financial Highlights
•
FPT commercial properties recorded stable occupancy
Continue to see healthy demand for office space, while hospitality portfolio benefitted from rising tourist arrivals
Maintained high occupancy of ~90% for prime and mature assets
•
•
FY21 office & retail portfolio included a mature asset, Goldenland Building; lease for
Goldenland Building expired in August 2022
Active leasing efforts underway to drive occupancy for newer assets
Soft opening of Silom Edge in September 2022, a mixed-use ~21,000 sqm NLA
commercial property located in the heart of Bangkok's CBD
As at 30 September 2022, office and retail occupancy at Samyan Mitrtown¹ maintained
at 93% and 96% 2, respectively, while 100% of Triple Y Residence³ has been sold
Significant improvement in hospitality portfolio performance supported by the recovery in
the tourism sector
Macro Drivers and Industry Trends
Signs of market recovery were observed within the
Bangkok office market while the trend towards the
flight to quality becomes increasingly prominent⁹
Increasing focus on ESG factors for new
developments 10
Demand for office space driven by tech companies
and tenants in the consumer goods, aviation and
online marketing sectors 11
Office & Retail Metrics
FY22
FY21
Change
S$1.0 b
AUM4
AOR²
90.3%
WALE5
1.3 years
91.7%6
1.6 years
▼ 1.4 pp
▼ 18.8%
Hospitality Metrics
S$0.3 b
AUM4
AOR
ADR8
RevPAR8
FY22
46.7%
S$111.4
S$52.0
FY21
21.7%
S$89.0
S$19.3
Change
▲ 25.0 pp
▲ 25.2%
169.4%
Silom Edge, Bangkok, Thailand
1. Samyan Mitrtown is a 49% JV held by FPT. 2. Committed occupancy as at 30 September 2022; by gross rent. 3. Triple Y Residence is a residential component within Samyan Mitrtown. 4. Comprises property assets in which the Group has an
interest. 5. By income as at 30 September 2022. 6. FY21 AOR was previously calculated using average across the year. FY21 AOR has been restated as at 30 September 2021. 7. Averaged over reporting period. 8. Based on exchange rates SS/THP
0.039896 and S$/THB: 0.04280 for FY22 and FY21, respectively. 9. bangkokbiznews.com/realestate/1028450. 10. thansettakij.com/property/535752. 11. bangkokbiznews.com/business/1020645.
We are Frasers Property
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