{"id":140,"date":"2025-05-09T20:00:54","date_gmt":"2025-05-09T20:00:54","guid":{"rendered":"https:\/\/hartaco.com\/?p=140"},"modified":"2025-05-09T20:00:54","modified_gmt":"2025-05-09T20:00:54","slug":"frasers-property-sees-profit-surge-driven-by-singapore-real-estate-owned-by-thai-tycoon","status":"publish","type":"post","link":"https:\/\/hartaco.com\/index.php\/2025\/05\/09\/frasers-property-sees-profit-surge-driven-by-singapore-real-estate-owned-by-thai-tycoon\/","title":{"rendered":"Frasers Property sees profit surge driven by Singapore real estate, owned by Thai tycoon"},"content":{"rendered":"<p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/hartaco.com\/wp-content\/uploads\/2025\/05\/Frasers_Property_sees_profit_surge_driven_by_Singapore_real_estate_owned_by_Thai_tycoon_v1_generated_image_20250510040052.png\" alt=\"Article featured image\"\/><\/figure>\n<\/p>\n<p>Despite China&#8217;s prolonged property downturn, Singapore&#8217;s Frasers Property remains cautiously optimistic about opportunities in key cities like Shanghai. The Thai-controlled developer, led by billionaire Charoen Sirivadhanabhakdi&#8217;s family, sees potential in prime locations even as it navigates challenges across multiple markets.<\/p>\n<p>The company recently partnered with local firms to acquire a residential plot in Shanghai, signaling selective confidence in China&#8217;s commercial hub. While acknowledging broader market risks, executives emphasized Shanghai&#8217;s unique position during recent earnings discussions. This strategic move comes as Frasers reported a significant profit surge to S$135.6 million for the first half, driven largely by its resilient Singapore operations.<\/p>\n<p>Singapore&#8217;s property rebound has offset struggles in China and Australia, where sales declined sharply. However, rising interest payments and global economic uncertainties continue to pressure margins. The firm&#8217;s shares have underperformed Singapore&#8217;s real estate index this year, reflecting investor caution toward family-controlled developers following recent corporate governance concerns in the sector.<\/p>\n<p>Frasers faces additional challenges with high leverage and limited public float, as nearly 90% of shares remain with Charoen&#8217;s Thailand-based TCC Group. The company has outlined plans to reduce debt while maintaining selective investments in familiar markets. As leadership transitions unfold\u2014including Charoen&#8217;s recent retirement\u2014the developer must balance expansion ambitions with financial prudence in an unpredictable economic climate.<\/p>","protected":false},"excerpt":{"rendered":"<p>Despite China&#8217;s prolonged property downturn, Singapore&#8217;s Frasers Property remains cautiously optimistic about opportunities in key cities like Shanghai. The Thai-controlled developer, led by billionaire Charoen [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-140","post","type-post","status-publish","format-standard","hentry","category-new"],"_links":{"self":[{"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/posts\/140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/comments?post=140"}],"version-history":[{"count":1,"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/posts\/140\/revisions"}],"predecessor-version":[{"id":141,"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/posts\/140\/revisions\/141"}],"wp:attachment":[{"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/media?parent=140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/categories?post=140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/tags?post=140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}