Portfolio Statements As at 31 December 2024 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 2024 2023 2024 2023 2024 2023 2024 2023 2024 2023 $’000 $’000 $’000 $’000 % % % % Balance brought forward 2,480,834 2,646,552 2,480,834 2,646,552 56.6 60.8 66.5 71.7 Malaysia Somerset Kuala Lumpur 187, Jalan Ampang, 50450, Kuala Lumpur Freehold Not applicable Not applicable Not applicable 36,451 35,054 36,451 35,054 0.8 0.8 1.0 0.9 Philippines Ascott Makati Glorietta 4, Ayala Center, Makati City 1224 Leasehold 48 years 19 years 20 years 88,085 94,406 88,085 94,406 2.0 2.2 2.4 2.6 Somerset Millennium Makati 104 Aguirre Street, Legaspi Village, Makati City 1229 Freehold Not applicable Not applicable Not applicable 12,178 13,145 12,178 13,145 0.3 0.4 0.3 0.4 Singapore Ascott Orchard Singapore 11 Cairnhill Road, Singapore 229724 Leasehold 99 years 88 years 89 years 433,925 434,266 433,925 434,266 9.9 10.0 11.6 11.7 lyf one-north Singapore 80 Nepal Park, Singapore 139409 Leasehold 60 years 54 years 55 years 144,477 144,365 144,477 144,365 3.3 3.3 3.9 3.9 lyf Funan Singapore(2), (9) 67 Hill Street, Level 4 Funan, Singapore 179370 Leasehold 60 years 54 years – 270,585 – 270,585 – 6.2 – 7.2 – Somerset Liang Court Property Singapore (under development) 177B River Valley Road, Singapore 179032 Leasehold 99 years 96 years 97 years 279,000 268,000 279,000 268,000 6.4 6.2 7.5 7.3 Balance carried forward 3,745,535 3,635,788 3,745,535 3,635,788 85.5 83.7 100.4 98.5 (2) As at 31 December 2024, these 17 (31 December 2023: 16) investment properties are leased to related corporations under master lease arrangements. (9) On 31 December 2024, the CapitaLand Ascott REIT Group acquired lyf Funan Singapore from Victory SR Pte. Ltd., a related party. The valuation was based on discounted cash flow method. The accompanying notes form an integral part of these financial statements. 137 Annual Report 2024
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