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 5,960,770 5,637,619 6,313,358 5,976,546 136.8 142.1 171.0 173.2 Vietnam Somerset Central TD Hai Phong City(18) Tower A, TD Plaza, Lot 20A, New Urban Zone at 5 Corner – Cat Bi Airport, Dong Khe Ward, Ngo Quyen District, Hai Phong City Leasehold 64 years 52 years 53 years 22,778 23,211 22,778 23,211 0.5 0.6 0.6 0.7 Somerset Chancellor Court Ho Chi Minh City 21-23 Nguyen Thi Minh Khai Street, District 1, Ho Chi Minh City Leasehold 48 years 18 years 19 years 37,858 43,290 37,858 43,290 0.9 1.1 1.0 1.3 Somerset Grand Hanoi 49 Hai Ba Trung Street, Hanoi Leasehold 45 years 14 years 15 years 70,515 84,293 70,515 84,293 1.6 2.1 1.8 2.5 Somerset Ho Chi Minh City 8A Nguyen Binh Khiem Street, District 1, Ho Chi Minh City Leasehold 45 years 16 years 17 years 31,718 36,179 31,718 36,179 0.7 0.9 0.9 1.0 Somerset Hoa Binh Hanoi 106 Hoang Quoc Viet Street, Cau Giay, Hanoi Leasehold 36 years 18 years 19 years 25,990 31,148 25,990 31,148 0.7 0.9 0.7 1.0 Portfolio of investment properties and investment properties under development 6,149,629 5,855,740 6,502,217 6,194,667 141.2 147.7 176.0 179.7 Right-of-use assets 263,965 267,014 263,965 267,014 6.1 6.7 7.1 7.7 Investment properties and investment properties under development on the Statement of Financial Position of the CapitaLand Ascott REIT Group 6,413,594 6,122,754 6,766,182 6,461,681 147.3 154.4 183.1 187.4 Balance carried forward 6,413,594 6,122,754 6,766,182 6,461,681 147.3 154.4 183.1 187.4 (18) On 30 November 2022, the CapitaLand Ascott REIT Group acquired Somerset Central TD Hai Phong City from Vibrant Coral Overseas Inc., a related corporation. The valuation was based on discounted cash flow method. 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 185
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