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The Group’s diversified property portfolio,
comprising office buildings, residential properties,
hotels and resorts, serviced apartments, shophouses
and retail outlets, and industrial buildings, is owned
through subsidiaries and associated companies.
Details of the Group’s property portfolio is covered
in the next few pages. The following analysis as at
31 December 2002 includes only the Company’s
effective interests.
SINGAPORE PROPERTIES
(a) Analysis by Tenure
Freehold properties constituted 41.4% of the
Group’s properties, while 999-year leases and
99-year leases made up the balance of 21.1%
and 37.5% respectively.
(b) Analysis by Development Stage
About 52.8% of the Group’s portfolio was
made up of completed properties. Another
31.3% was under development, and this
included Freesia Woods, Amaranda Gardens,
Butterworth 8, The Edgewater and Caribbean
at Keppel Bay. The remaining 15.9% of the
Group’s properties was landbank awaiting
development.
(c) Analysis by Sector
Office buildings formed 48.4% of the Group’s
property portfolio. These included Ocean
Building, Ocean Towers, The Exchange,
Prudential Tower, Keppel Towers, GE Tower,
Bugis Junction Towers and Wisma BCA. The
proportion of residential properties was 43.6%.
Hotel, retail and industrial properties made up
the remaining 1.3%, 4.9% and 1.8%
respectively.
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