Operations Review CLAS owns two freehold serviced residences in Brussels, Belgium. Both properties are under MCMGI, and they have an average length of stay of less than a month. Citadines Sainte-Catherine Brussels is a 169-unit serviced residence located within a bustling neighbourhood of cafes, restaurants and shops, on the edge of Brussels’ historic centre. It is also near the main business area Belgium GROSS RENTAL INCOME (EUR’000) REVENUE PER AVAILABLE UNIT (EUR) FY 2024 FY 2023 FY 2024 FY 2023 Citadines Sainte-Catherine Brussels 6,152 6,166 98 100 Citadines Toison d’Or Brussels 5,386 5,275 93 91 Properties 2 Total Revenue (FY 2024) S$17.5M Total Gross Profit (FY 2024) S$5.1M Units 324 Valuation (as at 31 December 2024) S$74.2M and Grand Place, the city’s central square and a UNESCO World Heritage Site. Citadines Toison d’Or Brussels is a 155-unit serviced residence situated in the shopping district of Avenue Louise, close to the Royal Palace and major embassies. In FY 2024, the performance of both properties exceeded the minimum guarantee. RevPAU of the Belgium portfolio in EUR terms remained stable. Featured property: Citadines Toison d’Or Brussels, Belgium 40 CapitaLand Ascott Trust
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