After the completion of the acquisition of Ascott Kuningan Jakarta in November 2023, CLAS now owns three leasehold serviced residences in Indonesia which are under management contracts. Collectively, the three properties have an average length of stay of around three months. The 204-unit Ascott Jakarta, 185-unit Ascott Kuningan Jakarta and 199-unit Somerset Grand Citra Jakarta are situated near the Golden Triangle of Jakarta – the city’s GROSS RENTAL INCOME (IDR’MILLION) FY 2023 FY 2022 Ascott Jakarta 90,544 87,210 Ascott Kuningan Jakartai 8,132 - Somerset Grand Citra Jakarta 59,349 57,487 REVENUE PER AVAILABLE UNIT (IDR) FY 2023 FY 2022 Ascott Jakarta 1,195,461 1,153,492 Ascott Kuningan Jakartai 1,405,048 - Somerset Grand Citra Jakarta 832,541 789,443 i The acquisition of the property was completed on 30 November 2023; hence the gross rental income and RevPAU stated for FY 2023 are for December 2023. main business, shopping and entertainment district – and surrounded by offices, embassies, convention centres and shopping centres. In FY 2023, RevPAU of the Indonesia properties increased by 6% YoY in IDR terms, mainly due to higher ADR. On a same-store basis1, RevPAU of the Indonesia properties increased 4% YoY. In 4Q 2023, same-store RevPAU was close to pre-pandemic levels. INDONESIA 3 PROPERTIES S$4.8 million TOTAL GROSS PROFIT (FY 2023) S$145.8 million VALUATION (as at 31 December 2023) S$14.1 million TOTAL REVENUE (FY 2023) 588 UNITS Ascott Kuningan Jakarta 1 Excluding Ascott Kuningan Jakarta which was acquired on 30 November 2023. ANNUAL REPORT 2023 45 Overview Leadership Portfolio & Performance Sustainability & Governance Financial Statements and Other Information
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