Operations Review Singapore is a key market which contributed 7% of CLAS’ total gross profit for FY 2024. As at 31 December 2024, CLAS has five properties in Singapore – a hotel under master lease, a serviced residence and a hotel under MCMGI, a serviced residence under management contract and a serviced residence under development. In March 2024, CLAS divested Citadines Mount Sophia Property Singapore. Proceeds from the divestment were redeployed into the acquisition of lyf Funan Singapore, which was completed in December 2024. MASTER LEASE lyf Funan Singapore is a 329-unit leasehold hotel in the heart of Singapore’s Civic District. It is in proximity to an array of business and entertainment attractions, and surrounded by various iconic landmarks, including heritage sites and art galleries. Funan enjoys excellent connectivity to public transportation. It has a direct underpass linking to City Hall MRT interchange station and is within walking distance to three other MRT stations. MANAGEMENT CONTRACTS WITH MINIMUM GUARANTEED INCOME Ascott Orchard Singapore is a 220-unit leasehold serviced residence well suited for expatriates, business travellers and tourists as it is a few minutes’ walk from Orchard as well as Somerset MRT stations, with easy access to the CBD, world-class shopping malls and premium medical facilities in Singapore. The Robertson House by The Crest Collection is a 336-unit leasehold hotel located in the Clarke Quay entertainment precinct. Situated along the Singapore River, the hotel is well-connected to Orchard Road and the CBD, and offers guests a unique experience with its colonial charm. The hotel was under a phased renovation from 1Q 2023 to 1Q 2024, and was rebranded as The Crest Collection, a luxury brand managed by The Ascott Limited. MANAGEMENT CONTRACT lyf one-north Singapore is a 324-unit leasehold serviced residence located in one-north, a prominent research, innovation, and business district. The property offers a Key Market Singapore Properties 51 Total Revenue (FY 2024) S$68.4M Total Gross Profit (FY 2024) S$25.0M Units 1,4012 Valuation (as at 31 December 2024) S$1,493.5M1 1 Includes Somerset Liang Court Property Singapore, which is currently under development. 2 Includes the 192-unit Somerset Liang Court Property Singapore, which is under development. Number of units may be subject to change. Featured property: lyf Funan, Singapore 34 CapitaLand Ascott Trust
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