Frasers Property Ltd. is an investment holding company, which engages in the development of residential, commercial, hospitality, and industrial properties. It operates through the following strategic business units (SBU): Singapore SBU, Australia SBU, Hospitality SBU, and Europe and Rest of Asia. The Singapore SBU encompasses the development, ownership, management and operation of residential, retail and commercial properties. The Australia SBU refers to the development, ownership, management and operation of residential, commercial and industrial properties. The Hospitality SBU includes the Group's hospitality operations and the ownership/management and operation of hotels and serviced apartments. The Europe and Rest of Asia SBU comprises development activities and/or ownership and management of investment properties in China, the United Kingdom and continental Europe, Vietnam and Thailand. The company was founded on December 14, 1963 and is headquartered in Singapore.