34 CapitaLand Ascott Trust Operations Review Singapore is a key market which contributed 9% of CLAS’ total gross profit for FY 2025. As at 31 December 2025, 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. 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. 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 dynamic blend of private and communal living spaces, and caters to technopreneurs, creatives, self-starters and business schools in the area. The property is a two-minute walk from the one-north MRT station. Collectively, the properties under MCMGI and management contract have an average length of stay of more than a month. Development Property Somerset Liang Court Property Singapore was formerly a 197-unit leasehold serviced residence in Clarke Quay before part of its GFA was divested in July 2020. The retained GFA of about 13,000 square metres is currently under redevelopment into a 192-unit serviced residence with hotel licence and a refreshed lease of 99 years. CLAS has a 100% interest in the property which will be part of an iconic waterfront integrated development. The new development has topped out in 2025, with the remaining fit-out works expected to be completed in 2026. The property is expected to commence operations in 2027. Singapore 51 Properties 1,4011 Units S$79.3M Total Revenue (FY 2025) S$36.2M Total Gross Profit (FY 2025) S$1,504.9M1 Valuation (as at 31 Dec 2025) ▲ Featured property: lyf Funan Singapore 1 Includes the 192-unit Somerset Liang Court Property Singapore, which is under development. Key Market
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