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18 August 2015 NEW DELHI, INDIA
PVAI - SISV JOINT VALUATION CONFERENCE 16 August – 18 August 2015 NEW DELHI, INDIA GROWTH OF REITS IN SINGAPORE A PAPER WRITTEN BY Teo Li Kim Singapore Director, Project SINGAPORE INSTITUTE OF SURVEYORS AND VALUERS 1 Abstract Basically REIT is a company that owns and operates income-producing real estate or assets and these are likely to include varied commercial real estate such as office, industrial, retail, warehouse, serviced apartments, hotel rooms and other types of properties in the market. Under the Monetary Authority of Singapore (MAS), Singapore’s REITs or S-REITs market was established to provide investors with an opportunity to gain exposure to real estate. This paper outlines the listing of the first REIT in Singapore and the growth of the S-REIT market in Singapore and discusses the type of real estate in Singapore which have gone into the REIT market including the type of acquisitions the various S-REITs have made since 2002. Introduction The Growth of REITS in Singapore Basically REIT is a company that owns and operates income-producing real estate or assets and these are likely to include varied commercial real estate such as office, industrial, retail, warehouse, serviced apartments, hotel rooms and other types of properties in the market. The Monetary Authority of Singapore (MAS) has said that the Singapore’s REITs or S-REITs market was established to provide investors with an opportunity to gain exposure to real estate. Through these REITs vehicles, investors are able to receive stable income distributions via their passive ownership of these real estate properties. However as listed vehicles, it is a requirement that REITs comply with the first and on-going listing set by the Singapore Exchange. -
Office Listing & Rental Price
Office Listing & Rental Price Subject to availability, survey, approval and contract Asking rents are subject to revision without any notice Francis Goh (65) 97305200 [email protected] CEA Reg. No: R041398H TYPE DISTRICT LOCATIONS ADDRESS SIZE (SQFT) PSF (S$) PRICE (S$) AVAILABLE REMARKS Retail (F&B) 1 Crown at Robinson 140 Robinson Road 068907 2,508 13.00 32,604 Immediate Fitted Office 1 Crown at Robinson 140 Robinson Road 068907 592 9.00 5,328 Immediate Bare Office 1 Crown at Robinson 140 Robinson Road 068907 592 9.00 5,328 Immediate Bare Office 1 Crown at Robinson 140 Robinson Road 068907 592 9.00 5,328 Immediate Partially fitted Office 1 Crown at Robinson 140 Robinson Road 068907 926 9.00 8,334 Immediate Partially fitted Office 1 Crown at Robinson 140 Robinson Road 068907 6,792 9.00 61,128 Immediate Fitted Office 1 Crown at Robinson 140 Robinson Road 068907 1,485 9.00 13,365 Immediate Penthouse office (Furnished and fitted) Office 1 UOB Plaza 1 No. 80 Raffles Place 1,862 11.00 20,482 Immediate Bare Office 1 UOB Plaza 1 No. 80 Raffles Place 5,253 11.00 1,500 Immediate Fitted Office 1 UOB Plaza 1 No. 80 Raffles Place 5,963 11.00 1,500 Immediate Bare Office 1 UOB Plaza 1 No. 80 Raffles Place 12,206 11.00 134,266 Immediate Bare Office 1 UOB Plaza 1 No. 80 Raffles Place 2,099 11.00 23,089 Immediate Fitted Office 1 UOB Plaza 1 No. 80 Raffles Place 2,454 11.00 26,994 1-May-21 Fitted Office 1 UOB Plaza 1 No. -
Capitaland Corporate Presentation Template 2019 W Dividers
CAPITALAND MALL TRUST Morgan Stanley Virtual ASEAN Best Conference 29 June 2020 Disclaimer This presentation may contain forward-looking statements. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, availability of real estate properties, competition from other developments or companies, shifts in customer demands, shifts in expected levels of occupancy rate, property rental income, charge out collections, changes in operating expenses (including employee wages, benefits and training, property operating expenses), governmental and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of management regarding future events. No representation or warranty expressed or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Neither CapitaLand Mall Trust Management Limited (“Manager”) nor any of its affiliates, advisers or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising, whether directly or indirectly, from any use, reliance or distribution of this presentation or its contents or otherwise arising in connection with this presentation. The past performance of CapitaLand Mall Trust (“CMT”) is not indicative of future performance. The listing of [the units in the CMT (“Units”) on the Singapore Exchange Securities Trading Limited (the “SGX-ST”) does not guarantee a liquid market for the Units. -
Financial Review
FINANCIAL REVIEW GROSS REVENUE contributed S$74.9 million and Funan (retail and office Gross revenue for Financial Year (FY) 2019 was S$786.7 components) which opened on 28 June 2019, accounted million, an increase of S$89.2 million or 12.8% from FY for S$28.5 million to the total gross revenue of CMT 2018. The increase was mainly due to the acquisition and its subsidiaries (CMT Group). The increase was of the balance 70.00% of the units in Infinity Mall Trust partially offset by lower gross revenue from Sembawang (IMT) which holds Westgate (Acquisition). Westgate Shopping Centre which was divested on 18 June 2018. Gross Revenue by Property FY 2019 FY 2018 S$ million Tampines Mall 82.9 81.4 Junction 8 61.2 60.8 Funan1 28.5 – IMM Building 86.8 85.8 Plaza Singapura 92.1 91.5 Bugis Junction 84.9 84.9 Bukit Panjang Plaza, JCube and Sembawang Shopping Centre2 50.5 58.5 Lot One Shoppers' Mall 43.2 44.1 The Atrium@Orchard 50.0 50.1 Clarke Quay 40.1 38.6 Bugis+ 33.7 33.6 Bedok Mall 57.9 57.0 Westgate3 74.9 11.2 CMT Group 786.7 697.5 1 Funan was closed for redevelopment from 1 July 2016 and re-opened on 28 June 2019. The retail component of Funan is held through the Trust and the office components are held through Victory Office 1 Trust and Victory Office 2 Trust. 2 The divestment of Sembawang Shopping Centre was completed on 18 June 2018. -
Capitals Material Issues What We Do 2019 Value Created Manufactured
Capitals Material Issues What we do 2019 Value Created Manufactured • Occupational • CMT believes all employees can make a • An almost equal • Environmentally health & significant contribution based on their talent, proportion of sustainable, healthy, safety expertise and experience, regardless of males and females, safe and accessible • Supply chain ethnicity, age or gender. We adopt consistent, at a ratio of 44:55 quality buildings management equitable, and fair labour policies and practices • 64.0% of CMT’s • Innovative and • Employment in rewarding, as well as developing employees workforce was sustainable • Diversity • CapitaLand is a signatory to the UN Global aged between 30 construction • Human rights Compact. As part of CapitaLand, CMT has and 50 methods and implemented key efforts and programmes • About 65.3% of technologies in relation to the key UN Sustainable employees who Development Goals are manager Human • Provide a work environment that is safe and and above were • Health and safety contributes to the general well-being of its women • Job creation and employees • About 59.1% security • CMT values the occupational health and safety of senior • Learning and of our stakeholders who access our properties. management were development The stakeholders include employees, tenants, women • Benefits and contractors, suppliers and the communities • Over 22 training remuneration hours per employee. • Zero employee fatality or permanent disability • 100% of main contractors appointed for new development projects were both ISO 14001 -
Singapore Liew Mun Leong Group President & CEO
CapitaLand Group Financial Year 2006 Results 14 February 2007 Disclaimer This presentation may contain forward-looking statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, availability of real estate properties, competition from other companies and venues for the sale/distribution of goods and services, shifts in customer demands, customers and partners, changes in operating expenses, including employee wages, benefits and training, governmental and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business. You are cautioned not to place undue reliance on these forward looking statements, which are based on current view of management on future events. 1 FY 2006 Results * 14 February 2007 * Singapore Liew Mun Leong Group President & CEO Results Overview 2 FY2006 Over S$1 Billion Record Profit 3 FY 2006 Results * 14 February 2007 * Singapore FY 2006 – Over S$1 Billion Record Profit FY 2005 FY 2006 Change PATMI (S$ million) 750.5 1,018.0 35.6% EPS (S cents) 28.3 36.8 30.0% EBIT (S$ million) 860.3 1,822.0 111.8% ● Created total shareholder returns of S$8.9 billion, gain of 87% for year ● Propose total dividend of 12 -
A Review of the Singapore Office Market
Singapore Q1/Q2 2019 Published 1st March 2019 Singapore | Hong Kong The Office A review of the Singapore office market Index P2 Building Rental Table (Islandwide) P3 Leasing Options – New Downtown & Economy Range P4 Demand – who is moving where P5 Featured New Development – 9 Penang Road P6 Special Feature – Co-working space P7 Leasing Options – Raffles Place & Tanjong Pagar P8 Supply / Rentals / Forecast Corporate Locations (S) Pte Ltd License No. L3010044A Marina One T +65 6320 8355 / [email protected] / www.corporatelocations.com.sg RENTAL GUIDE 1st March 2019 Summary of Asking Rates Raffles Place / New Downtown Bangkok Bank Building TBA City Hall / Marina Centre / Beach Rd Chinatown / River Valley Road BEA Building $7.50 18 Robinson $12.00 Capital Tower $10.00 11 Beach Road Full Central Mall $7.00 20 Collyer Quay $11.00-$13.00 Cecil Court $5.80 30 Hill Street Full CES Centre $5.50+ 55 Market Street $7.00 China Square Central $8.50 Beach Centre $7.80 Chinatown Point $6.50 6 Battery Road $14.00 City House $7.80+ Bugis Junction Towers $7.80 Great World City $7.00 Asia Square T1 & T2 $14.00 Far East Finance Bldg $7.00 Centennial Tower $14.80 Kings Centre $7.00 Bank of China Building Full Far Eastern Bank Bildg Full Duo Tower $10.50 The Central $9.80 Bank of Singapore Centre $9.50 GB Building $6.00+ Funan $9.00 UE Square $8.00 Bharat Building $6.50 Keck Seng Tower $6.00 Manulife Centre $10.00+ Valley Point $7.00 CapitaGreen $13.50 Manulife Tower $9.50 Millenia Tower $14.80 Capital Square Full MYP Plaza $7.00 Odeon Tower -
CAPITALAND MALL TRUST Singapore’S First & Largest Retail REIT
CAPITALAND MALL TRUST Singapore’s First & Largest Retail REIT Nomura Investment Forum Asia 2017 6 June 2017 Disclaimer This presentation may contain forward-looking statements that involve assumptions, risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, competition from other developments or companies, shifts in expected levels of occupancy rate, property rental income, charge out collections, changes in operating expenses (including employee wages, benefits and training costs), governmental and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of management on future events. The information contained in this presentation has not been independently verified. No representation or warranty expressed or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Neither CapitaLand Mall Trust Management Limited (the ‘Manager’) or any of its affiliates, advisers or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising, whether directly or indirectly, from any use, reliance or distribution of this presentation or its contents or otherwise arising in connection with this presentation. The past performance of CapitaLand Mall Trust (‘CMT’) is not indicative of the future performance of CMT. -
UOB Annual Report 2020
UOB Annual Report 2020 Forging a Sustainable Future United We Stand He Shu About This Report United Overseas Bank Limited (UOB) has been committed to creating long-term value for our customers, our colleagues and our communities since 1935. In building a sustainable business over time and across borders, we engage our stakeholders constructively and regularly. This enables us to align our strategies with what is important to them and for them to have a deeper appreciation of how we contribute to enterprise, innovation and economic growth across the region. Through the reporting of our financial and non-financial performance in the UOB Annual Report 2020, we explain our business approach, objectives and achievements in the context of the year’s operating environment. We also share how we create value for our stakeholders over the short, medium and long term to enable them to make informed decisions. This report covers the period from 1 January to 31 December 2020 and is published on 31 March 2021. It is available online at www.UOBgroup.com/AR2020. Print copies, which are available only on request, are printed on sustainably-sourced Forest Stewardship Council-certified paper. The UOB Sustainability Report 2020 is published separately and is available online. Please scan the QR codes to view: UOB Annual UOB Sustainability Report 2020 Report 2020 All figures in this Annual Report are in Singapore Dollars unless otherwise specified. Certain figures in this report may not add up to the respective totals due to rounding. United We Stand He Shu Chinese ink on rice paper 69 x 91 cm United We Stand, a Highly Commended artwork of the 2020 UOB Painting of the Year (Singapore) competition, Established Artist Category, is the design inspiration for this year’s Annual Report. -
Capitacommercial Trust CIRCULAR DATED 9 JUNE 2008 Overview
CAPITACOMMERCIAL TRUST CAPITACOMMERCIAL CIRCULAR DATED 9 JUNE 2008 OVERVIEW THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. (Constituted in the Republic of Singapore pursuant to a trust deed dated 6 February 2004 (as amended)) Singapore Exchange Securities Trading Limited takes no responsibility for the accuracy of any statements or opinions made, or reports contained, in this Circular. If you are in any doubt as to the action you should take, you should consult your stockbroker, bank manager, solicitor, accountant or other professional adviser immediately. If you have sold or transferred all your units in CapitaCommercial Trust, you should immediately forward this Circular, together with the Notice of Extraordinary General Meeting and the accompanying Proxy Form in this Circular, to the purchaser or transferee or to the bank, stockbroker or other agent through whom the sale or transfer was effected for onward transmission to the purchaser or transferee. Meanings of capitalised terms may be found in the Glossary of this Circular. CIRCULAR DATED CIRCULAR DATED CIRCULAR TO UNITHOLDERS IN RELATION TO: 9 JUNE 2008 (1 GEORGE STREET) (1) the proposed acquisition of 1 George Street, Singapore; and (2) The proposed general mandate for the issue of new Units and/or Prime Landmark Office Building Convertible Securities. 1 George Street is one of the newest premier commercial properties prominently located in the core of Singapore’s CBD with large column-free floor plates and state-of-the-art building specifications IMPORTANT DATES AND TIMES FOR UNITHOLDERS MANAGED BY CAPITACOMMERCIAL TRUST designed to suit tenants in the financial services industry and Last date and time for lodgment of Proxy Forms : Wed, 25 June 2008 at 10.30 a.m. -
Singapore Office Briefing Q3 2017
Savills World Research Singapore Briefi ng Offi ce sector November 2017 Image: Collyer Quay SUMMARY Notwithstanding elevated vacancy levels, CBD Grade A offi ce rents are rising in Q3/2017. Backed by their strong holding ft and no new supply, the vacancy rate transaction values of S$2.48 billion. power and healthy commitment from of Grade A offi ce space in the CBD Capital values of CBD Grade A tenants, landlords of prime new offi ce fell 0.7 of a percentage point (ppt) to offi ces stayed fi rm at S$2,723 per buildings are now confi dent enough 5.8%. sq ft. to increase asking rents, with those owning older buildings, attempting to Average rents of CBD Grade A follow the trend. offi ces increased slightly in Q3/2017 “As the offi ce market becomes after recording no change in the The “fl ight-to-new-projects” theme previous quarter. Rents of such more complex, understanding which dominated the leasing market buildings tracked by Savills edged since the 2H/2015, has gradually how the market structure up 1.0% quarter-on-quarter (QoQ) to morphed from observation to concrete evolves now is more important rental increases. However, tenants will S$8.78 per sq ft in Q3/2017. consider relocating to newer buildings than traditional demand supply only if there are strong push factors. The offi ce investment sales market also showed encouraging analysis.” As at the end of September 2017, results in Q3/2017 with seven Alan Cheong, Savills Research with net take-up at around 197,000 sq deals completed, resulting in total MCI (P) 066/10/2017 Company Reg No. -
Raffles City Singapore
RAFFLES CITY SINGAPORE 2Q 2020 Financial Results 22 July 2020 Important Notice This presentation shall be read in conjunction with CCT and CMT’s 2Q 2020 Unaudited Financial Statement Announcement. This presentation may contain forward-looking statements. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, availability of real estate properties, competition from other developments or companies, shifts in customer demands, shifts in expected levels of occupancy rate, property rental income, charge out collections, changes in operating expenses (including employee wages, benefits and training, property operating expenses), governmental and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of management regarding future events. No representation or warranty express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Neither CapitaLand Commercial Trust Management Limited (“CCT Manager”), CapitaLand Mall Trust Management Limited (“CMT Manager”) nor any of its affiliates, advisers or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising, whether directly or indirectly, from any use of, reliance on or distribution of this presentation or its contents or otherwise arising in connection with this presentation.