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Ascott Residence Trust
Annual Report 2015
Overview
Sustainability
Business
Review
Portfolio
Details
Corporate
Governance &
Transparency
Financials &
Additional
Information
1
The property was acquired on 18 August 2014.
2
Ascott Reit has commenced the strata sale of its 81 units in Fortune Garden Apartments (formerly known as Somerset Grand Fortune
Garden Property Beijing) as announced in October 2013.
3
The property was acquired on 20 June 2014.
Gross Rental Income
(S$’000)
Agreed
Property Value
at Acquisition
(S$’million)
FY 2015 FY 2014
Ascott Guangzhou
9,554
9,071
85.7
Citadines Biyun Shanghai
5,561
5,388
63.2
Citadines Gaoxin Xi'an
1
6,388
2,994
55.1
Citadines Xinghai Suzhou
4,408
4,013
23.2
Citadines Zhuankou Wuhan
1
6,230
2,591
51.4
Fortune Garden Apartments
2
907
702
52.8
Somerset Grand Central Dalian
3
8,705
3,224
118.6
Somerset Heping Shenyang
10,759
10,004
86.2
Somerset Olympic Tower Property Tianjin
8,414
8,039
76.8
Somerset Xu Hui Shanghai
5,724
5,890
51.5
Revenue Per Available Unit (S$)
FY 2015
FY 2014
Ascott Guangzhou
126
120
Citadines Biyun Shanghai
85
82
Citadines Gaoxin Xi'an
1
67
76
Citadines Xinghai Suzhou
72
65
Citadines Zhuankou Wuhan
1
66
66
Somerset Grand Central Dalian
3
113
85
Somerset Heping Shenyang
109
102
Somerset Olympic Tower Property Tianjin
106
103
Somerset Xu Hui Shanghai
93
96
