TRADE MIX5 (%) FUNAN Unveiled and revitalised in June 2019, Funan is an integrated development featuring a retail hub, two office blocks, and lyf Funan Singapore – an exclusive apartment hotel designed for the millennial generation. Nestled in the vibrant Civic and Cultural District, Funan boasts exceptional connectivity, highlighted by a direct underpass linking to the City Hall MRT interchange station. Redefining the urban experience in Singapore's city center, Funan seamlessly creates a dynamic environment tailored for discerning individuals seeking a high-quality lifestyle in a socially-conscious and creatively inspired setting. LEASE EXPIRY PROFILE5 (%) 1 Excludes the serviced residence component after the completion of the divestment of all units of Victory SR Trust on 31 October 2017. 2 Includes CSFS area. 3 Gross revenue comprises GRI, car park income and other income for the respective financial year. 4 Based on GRI for the month of December 2023 and excludes gross turnover rent. 5 As at 31 December 2023, based on committed GRI and excludes gross turnover rent. 6 Other Retail trade category includes: Supermarket (0.9%), Shoes & Bags (0.8%), and Jewellery & Watches (0.3%). 2024 27.1 6.4 13.4 19.6 0.0 0.7 2.0 0.0 26.1 4.7 0.0 0.0 2025 2026 2027 2028 2029 and beyond As at 31 December 2022 2023 Valuation1 (S$ million) 794.0 814.0 Gross Floor Area1 (sq ft) 767,288 767,281 Net Lettable Area2 (sq ft) Total Retail Office 531,791 317,663 214,128 531,876 317,750 214,126 Number of Tenants 183 191 Committed Occupancy (%) Total Retail Office 97.7 96.1 100 98.4 97.4 100 Annual Shopper Traffic (million) 12.0 13.8 Gross Revenue3 (S$ million) 62.7 62.4 Property Information Address 107 and 109 North Bridge Road Land Tenure Leasehold tenure of 99 years with effect from 12 December 1979 Purchase Price in 2002 S$191.0 million Project Development Cost S$560.0 million Carpark Lots 404 Bicycle Lots 183 Green Ratings • BCA Green Mark GoldPLUS • BCA Universal Design Mark GoldPLUS Top 5 Tenants4 1 WeWork Singapore Pte. Ltd. 2 Department Of Statistics 3 Adidas Singapore Pte Ltd 4 Attorney-General’s Chambers 5 Smart Nation and Digital Government Office Food & Beverage 23.2 Government 15.0 Real Estate & Property Services 12.1 Beauty & Health 7.5 Electrical & Electronics 6.9 IT & Telecommunications 6.9 Gifts & Souvenirs/ Toys & Hobbies/ Books & Stationery/ Sporting Goods 6.1 Manufacturing & Distribution 4.7 Leisure & Entertainment/ Music & Video 3.8 Fashion 3.2 Services 2.8 Home Furnishing 2.7 Services (Office) 1.9 Education 1.2 Other Retail6 2.0 Retail Office Overview Leadership Performance Framework Other Information ANNUAL REPORT 2023 87
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