FY22 Financial Highlights
Healthy demand for residential properties in Thailand
Prioritised product innovation and sustainability to fulfil customers' demand
•
18 projects launched in FY22 with a total GDV of ~S $866 million boosted
sales performance
•
•
75 active projects as at 30 September 2022
Active management of upcoming residential sales and settlements amid
continued economic challenges
Expanded market reach by launching projects in more areas
Macro Drivers and Industry Trends
Thailand's economic recovery continues its trajectory,
driven mainly by tourism and private consumption.
GDP growth for 2022 and 2023 is projected at 3.3%
and 3.8%, respectively²
Thailand's interest rate policy was raised from 0.75%
to 1.00% in September 20222
•
Strategic focus on premium housing projects i.e. single-detached
houses to target the affluent consumer segment further added business
resilience and improved margins
$
Adapted home designs to better meet the live, play and work needs and
sustainability aspirations of customers
Residential Portfolio Activity in FY22
2,023
4,647
S$0.1 b
Units settled
Units sold
Unrecognised revenue¹
Whilst the overall residential market in Greater
Bangkok has been impacted by the pandemic, single-
detached houses are still witnessing moderate growth
as the purchasing power of middle-upper income
groups remains intact³
PRESURSL
1. Includes the Group's subsidiaries at 100%. 2. bot.or.th/Thai/Monetary Policy/Documents/PressMPC_52022 du37si.pdf. 3. scbeic.com/th/detail/product/residential-220822.
We are Frasers Property
Prestige, Rama2, Bangkok, Thailand
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