116
Ascott Residence Trust
Annual Report 2015
Portfolio Statements
As at 31 December 2015
By Geography
(continued)
Group
(continued)
Description of Property
Location
Tenure of
Land
Term of
Lease
Remaining
Term of Lease
At Valuation
Percentage of
Unitholders’ funds
2015
2014
2015
$’000
2014
$’000
2015
%
2014
%
Balance brought forward
837,601 677,636
38.3 32.1
People’s Republic of China
Ascott Guangzhou
73 Tianhedong Road, Tianhe District,
Guangzhou 510630
Leasehold 70 years 59 years 60 years 108,865 103,068
5.0
4.9
Somerset Xu Hui Shanghai
888 Shaanxi Nan Road, Xu Hui District,
Shanghai 200031
Leasehold 70 years 50 years 51 years
73,728 67,590
3.3
3.2
Somerset Olympic Tower
Property Tianjin
No. 126 Chengdu Dao, Heping District,
Tianjin 300051
Leasehold 70 years 47 years 48 years
70,149 71,366
3.2
3.4
Citadines Biyun Shanghai
Nos. 1-3, 9-12, 15-16,
Lane 450 Hongfeng Road,
Pudong District, Shanghai
Leasehold 70 years 49 years 50 years
72,485 72,287
3.3
3.4
Citadines Xinghai Suzhou
Block 27, Jiacheng Gardens
58 Xinghai Street, Suzhou Industrial Park,
Suzhou 215021
Leasehold 70 years 51 years 52 years
29,101 26,912
1.3
1.3
Balance carried forward
1,191,929 1,018,859
54.4 48.3
The accompanying notes form an integral part of these financial statements.
