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Capitaland Launches Riveredge Condominium in Tanjong Rhu 135-Unit Development Will Feature Sky Terrace with Views of Kallang Basin

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Capitaland Launches Riveredge Condominium in Tanjong Rhu 135-Unit Development Will Feature Sky Terrace with Views of Kallang Basin For immediate release 2 November 2005 NEWS RELEASE CapitaLand launches RiverEdge condominium in Tanjong Rhu 135-unit development will feature sky terrace with views of Kallang Basin Singapore, 2 November 2005 – CapitaLand will officially launch the 135-unit RiverEdge condominium (水秀轩) this Saturday, 5 November 2005, at an average price of S$590 per square foot. Located in the prime Tanjong Rhu residential area, the 99-year leasehold riverfront development is targeted at families and investors who appreciate its close proximity to good schools, MRT connections and the future Marina Bay integrated resort development. For the phase one launch, a total of 77 units will be released. The condominium is a joint venture development by CapitaLand (45%); OKS Capital (45%), a Singapore vehicle backed by Middle Eastern investment interests; and Ghim Li Holdings (10%). CapitaLand is the lead project manager for the development. This is CapitaLand’s third residential launch this year, following strong sales achieved for two other developments released in the first half of 2005 - RiverGate and Tanglin Residences. At the 545-unit RiverGate, 70% of the 370 units launched have been sold. This includes the purchase of 100 units by Ferrell Premier Real Estate Investment Fund for a total of S$182.3 million. Similarly, the 43-unit Tanglin Residences saw strong buyer response, especially from foreign homebuyers. The apartments are fully sold and only a few townhouses, valued at approximately S$5 million each, are available. Ms Patricia Chia, CEO of CapitaLand Residential Singapore, said: “We are confident of keen buyer interest in RiverEdge due to positive public sentiments arising from a stronger economy and the recent changes to regulations on property purchases. RiverEdge is a beautiful project set in serene surroundings. Its prime location and close proximity to MRT connections are appealing to both local and foreign homebuyers. In addition, it is relatively near to the future Marina Bayfront, which will be a business and recreational hub with offices, F&B outlets, restaurants and parks.” Buyers may choose from a variety of two- to four-bedroom apartments with sizes ranging from 980 sq ft to 1,841 sq ft. There are also three penthouses ranging from 3,100 sq ft to 3,208 sq ft. The larger units occupy most of the higher floors and overlook the Kallang Basin, while units on the lower floors will have views of the luxuriant gardens and the swimming pool. Designed by award-winning architects, W Architects and landscape architect Tierra Design, RiverEdge is characterised by contemporary design features and lush landscaping. It is located at Kampong Kayu Road in Tanjong Rhu, one of the most exclusive residential neighbourhoods in the eastern part of Singapore. A distinctive architectural feature in the condominium is its three-storey sky terrace located on the 13th to 15th storeys. At the sky terrace, residents can enjoy a range of recreational facilities. For each unit, there will be a generous provision of planters, balconies and open terraces, allowing residents to enjoy outdoor spaces that extend beyond their apartments. Bay-windows in the units will create a greater sense of spaciousness, resulting in bright, naturally-lit living spaces. The majority of the units will also enjoy cross-ventilation in the living and dining rooms. In terms of convenience, RiverEdge is a short walk from the proposed Circle Line MRT stations at Stadium Boulevard and Mountbatten. It is also a five-minute drive to the Central Business District. Residents can also enjoy the recreational water-sports facilities and other amenities in the East Coast area. Schools in the vicinity include Dunman High School and Chung Cheng High School. Temporary Occupation Permit for RiverEdge is expected to be obtained by 2009. About CapitaLand Limited CapitaLand is one of the largest property companies in Asia. Headquartered in Singapore, the multinational company's core businesses in property, hospitality and real estate financial services are focused in gateway cities in Asia, Australia and Europe. The company's property and hospitality portfolio spans 70 cities in 17 countries. CapitaLand also leverages on its significant real estate asset base and market knowledge to develop fee-based products and services in Singapore and the region. The listed subsidiaries and associates of CapitaLand include The Ascott Group, Raffles Holdings, CapitaMall Trust, CapitaCommercial Trust and Australand, which is listed both in Singapore and Australia. Please visit www.capitaland.com for more details. Issued by: CapitaLand Limited (Co. Regn: 198900036N) Date: 2 November 2005 Analyst contact: Media contact: Harold Woo, Investor Relations Nicole Neo, Corporate Communications Tel: +65 6823 3210 Tel: +65 6823 3218 Email: [email protected] Email: [email protected] .
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