The Group’s property portfolio is diversified. The portfolio includes office buildings, residential properties, hotels and resorts, shophouses and retail outlets, and industrial projects. For a full list of these investment and trading properties, owned through the Company’s subsidiary and associated companies, please refer to the next few pages.

In the following analysis of the Group’s property portfolio, only the Company’s effective ownership interests have been included. On this basis, the total value attributable to the Company was $5 billion at end-2000.

(a) Analysis by Tenure

Freehold properties accounted for 41% of the Group’s properties. The proportion of properties with 999-year leases was 20.6%. The balance of 38.4% represented properties with leases of about 99 years.

(b) Analysis by Development Stage

At end-2000, about 59.6% of the Group’s property portfolio comprised completed properties. Another 14.8% of the Group’s properties was under development and included Freesia Woods and Caribbean at Keppel Bay. The Group’s landbank awaiting development formed 25.6% of the Group’s property portfolio.