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The Group's diversified property portfolio,
comprising office buildings, residential
properties, hotels and resorts, serviced
apartments, industrial buildings,
shophouses and retail outlets are
owned through subsidiary and
associated companies.
The Group's property portfolio amounted
to about $5.0 billion. Details of the
Group's property portfolio are given
on pages 234 to 254.
The following analysis as at 31 December
2009 is for the Group's effective
interests only.
Singapore Properties
- Analysis by Tenure
Freehold properties constituted 9.6%
of the Group's properties in Singapore,
with 999-year leases and 99-year
leased properties making up 16.9%
and 73.5% respectively.
- Analysis by Development Stage
Of the Group's property portfolio
in Singapore, 35.4% were made
up of completed properties while
62% were under development.
Properties under development
included Ocean Financial Centre,
Marina Bay Financial Centre,
Marina Bay Residences, Marina
Bay Suites, Reflections at Keppel
Bay and Madison Residences.
The remaining 2.6% of the Group's
properties were landbank
awaiting development.
- Analysis by Sector
Of the Group's property portfolio
in Singapore, 75% were office
buildings which included Ocean
Financial Centre, Ocean Towers,
Marina Bay Financial Centre,
Equity Plaza, Prudential Tower,
Keppel Towers, GE Tower,
Bugis Junction Towers,
One Raffles Quay and
Keppel Bay Towers.
Residential properties made up
23.3% while the remaining portfolio
comprised retail and industrial
components in the proportions
of 0.3% and 1.4% respectively.
- Analysis by Estimated Gross Floor Area
The total gross floor area of
the Group's property portfolio in
Singapore was 453,000 sm. Office
buildings and residential properties
formed 68.2% and 25.4% respectively
of the total gross floor area. The
balance comprised 0.7% for retail
and 5.7% for industrial buildings.
Overseas Properties
Of the Group's completed properties,
28.9% were located overseas. Taking
into account projects under development,
overseas properties constituted 29.5%
of the Group's property portfolio.
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