At Valuation Percentage of Stapled Securityholders’ funds Description of Property Location Tenure of Land Term of Lease Remaining Term of Lease Stapled Group CapitaLand Ascott REIT Group Stapled Group CapitaLand Ascott REIT Group 2023 2022 2023 2022 2023 2022 2023 2022 2023 2022 $’000 $’000 $’000 $’000 % % % % Balance brought forward 2,646,552 2,683,277 2,646,552 2,683,277 60.8 67.5 71.7 77.8 Malaysia Somerset Kuala Lumpur 187, Jalan Ampang, 50450, Kuala Lumpur Freehold Not applicable Not applicable Not applicable 35,054 40,340 35,054 40,340 0.8 1.0 0.9 1.2 Philippines Ascott Makati Glorietta 4, Ayala Center, Makati City 1224 Leasehold 48 years 20 years 21 years 94,406 96,268 94,406 96,268 2.2 2.4 2.6 2.8 Somerset Millennium Makati 104 Aguirre Street, Legaspi Village, Makati City 1229 Freehold Not applicable Not applicable Not applicable 13,145 13,604 13,145 13,604 0.4 0.4 0.4 0.4 Singapore Ascott Orchard Singapore 11 Cairnhill Road, Singapore 229724 Leasehold 99 years 89 years 90 years 434,266 403,115 434,266 403,115 10.0 10.2 11.7 11.7 Citadines Mount Sophia Property Singapore(14) 8 Wilkie Road, #01-26 Wilkie Edge, Singapore 228095 Leasehold 96 years 81 years 82 years – 123,693 – 123,693 – 3.1 – 3.6 lyf one-north Singapore 80 Nepal Park, Singapore 139409 Leasehold 60 years 55 years 56 years 144,365 127,031 144,365 127,031 3.3 3.2 3.9 3.7 The Robertson House by The Crest Collection (formerly known as Riverside Hotel Robertson Quay) 1 Unity Street, Singapore 237983 Leasehold 99 years 82 years 83 years – – 352,588 338,927 – – 9.5 9.8 Balance carried forward 3,367,788 3,487,328 3,720,376 3,826,255 77.5 87.8 100.7 111.0 (14) As at 31 December 2023, the investment property was reclassified to “Assets held for sale” (Note 15), pursuant to the planned divestment of this property which was entered into and completed in the first quarter of 2024. The accompanying notes form an integral part of these financial statements. PORTFOLIO STATEMENTS As at 31 December 2023 Overview Sustainability & Governance Leadership Portfolio & Performance Financial Statements and Other Information ANNUAL REPORT 2023 181
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