CLAS owns a freehold serviced residence in Kuala Lumpur, Malaysia. Operating under a management contract, the serviced residence has an average length of stay of over one month. The 205-unit Somerset Kuala Lumpur is situated along Jalan Ampang, close to several embassies, offices and Malaysia GROSS RENTAL INCOME (MYR’000) REVENUE PER AVAILABLE UNIT (MYR) FY 2024 FY 2023 FY 2024 FY 2023 Somerset Kuala Lumpur 14,118 12,358 188 165 Property 1 Total Revenue (FY 2024) S$4.1M Total Gross Profit (FY 2024) S$1.1M Units 205 Valuation (as at 31 December 2024) S$36.7M shopping malls. Its prime location provides easy access to Kuala Lumpur’s Golden Triangle, the city’s renowned commercial, shopping and entertainment district. In FY 2024, RevPAU of the property rose 14% YoY in MYR terms, due to higher ADR and occupancy. Featured property: Somerset Kuala Lumpur, Malaysia 45 Annual Report 2024
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