Property Portfolio Analysis
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
The Group's property portfolio amounted
to about $6.3 billion. Details of the Group's
property portfolio are given on pages
258 to 275. The following analysis as at
31 December 2010 is for the Group's
effective interests only.
Analysis by Tenure|
Freehold properties constituted
13.8% of the Group's properties in
Singapore, with 999-year leases and
99-year leased properties making up
19.6% and 66.6% respectively.
Analysis by Development Stage|
Of the Group's property portfolio in
Singapore, 36.4% were made up of
completed properties while 49.2%
were under development.
Properties under development
included Ocean Financial Centre,
Marina Bay Financial Centre Phase 2,
Marina Bay Suites, Reflections at
Keppel Bay, The Lakefront Residences
and Madison Residences.
The remaining 14.4% of the Group's
properties comprised the newly
acquired Keppel Towers and GE
Tower pending redevelopment and
landbank awaiting development.
Analysis by Sector|
Of the Group's property portfolio
in Singapore, 63.6% were office
buildings, which included Ocean
Financial Centre, Ocean Towers,
Marina Bay Financial Centre,
Equity Plaza, Prudential Tower,
Bugis Junction Towers, One Raffles
Quay and Keppel Bay Towers.
Residential properties made up
34.8% while the remaining portfolio
comprised retail and industrial
components in the proportions
of 0.2% and 1.4% respectively.
Analysis by Estimated
Gross Floor Area |
The total gross floor area of the Group's
property portfolio in Singapore was
511,000 sm. Office buildings and
residential properties formed 51.9%
and 43.6% respectively of the total
gross floor area. The balance
comprised 0.2% for retail and
4.3% for industrial buildings.
Of the Group's completed properties,
23.1% were located overseas.
Taking into account projects under
development, overseas properties
constituted 26.1% of the Group's