PORTFOLIO VALUATION - OFFICE Valuation as at 31 Dec 23 Valuation as at 31 Dec 22 Variance Valuation as at 31 Dec 23 S$ million S$ million S$ million % S$ per sq ft NLA Asia Square Tower 2 2,243.0 2,235.5 7.5 0.3 2,895 CapitaGreen 1,681.0i 1,663.0 18.0 1.1 2,412 Capital Tower 1,461.0 1,450.0 11.0 0.8 1,987 CapitaSky (70.0%) 884.1 882.0 2.1 0.2 2,430 Six Battery Road 1,520.0 1,509.0 11.0 0.7 3,068 21 Collyer Quay 649.0 634.0 15.0 2.4 3,047 Singapore Office 8,438.1 8,373.5 64.6 0.8 Gallileo (94.9%) 321.5ii 370.2 (48.7) (13.1) 777 Main Airport Center (94.9%) 333.6iii 358.1 (24.5) (6.8) 542 Germany Office 655.2 728.2 (73.0) (10.0) 66 Goulburn Street 252.6iv 278.1 (25.5) (9.2) 1,025 100 Arthur Street 304.9v 340.4 (35.5) (10.4) 1,046 Australia Office 557.5 618.4 (61.0) (9.9) Total 9,650.8 9,720.1 (69.3) (0.7) Notes: i CapitaGreen's valuation was uplifted due to higher rents. ii Valuation for Gallileo (94.9% interest) was EUR219.5 million. S$ value was derived from a conversion rate of EUR1 = S$1.465. The drop in valuation was attributable to an increase in terminal yield from 3.15% to 4.60%. iii Valuation for Main Airport Center (94.9% interest) was EUR227.8 million. S$ value was derived from a conversion rate of EUR1 = S$1.465. The drop in valuation was attributable to an increase in terminal yield from 3.85% to 5.75%. iv Valuation for 66 Goulburn Street was A$280.0 million. S$ value was derived from a conversion rate of A$1 = S$0.902. v Valuation for 100 Arthur Street was A$338.0 million. S$ value was derived from a conversion rate of A$1 = S$0.902. Figures may not add up due to rounding PORTFOLIO VALUATION - INTEGRATED DEVELOPMENT Valuation as at 31 Dec 23 Valuation as at 31 Dec 22 Variance Valuation as at 31 Dec 23 S$ million S$ million S$ million % S$ per sq ft NLA CapitaSpring (45.0%) 918.9 918.5 0.45 0.05 N.M.i Funan 814.0 794.0 20.0 2.5 1,586ii Plaza Singapuraiii 1,390.0 1,349.0 41.0 3.0 2,863 The Atrium@Orchardiii 783.0 763.0 20.0 2.6 2,139ii Raffles City Singapore 3,216.0iv 3,120.0 96.0 3.1 N.M.i Singapore Integrated Development 7,121.9 6,944.5 177.5 2.6 101-103 Miller Street and Greenwood Plaza (50.0%) 326.1v 359.3 (33.2) (9.2) 1,306 Australia Integrated Development 326.1 359.3 (33.2) (9.2) Total 7,448.0 7,303.8 144.3 2.0 Notes: i Not meaningful as both Raffles City Singapore and CapitaSpring comprise retail and office components, hotels and convention center/serviced residence. ii Excludes CSFS area. iii Plaza Singapura and The Atrium@Orchard are classified as an integrated development. iv Raffles City Singapore's valuation was uplifted due to improved rents and occupancy; and hotel component due to a resilient tourism sector. v Valuation for 101-103 Miller Street & Greenwood Plaza (50.0% interest) was A$361.5 million. S$ value was derived from a conversion rate of A$1 = S$0.902. Figures may not add up due to rounding. 46 CAPITALAND INTEGRATED COMMERCIAL TRUST PORTFOLIO VALUATION
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