CapitaLand Integrated Commercial Trust - Annual Report 2023

Source: CBRE, GOV.UK, Rating and Valuation Department, Property Council of Australia, Singstat, Australian Bureau of Statistics, United States Census Bureau, 2023 Source: CBRE Singapore, 4Q 2023 PRIVATE RETAIL FLOOR SPACE PER CAPITA OF DEVELOPED CITIES AND METROPOLITAN AREAS IN 2023 ESTIMATED SHARE OF PRIVATE RETAIL STOCK BY OWNER12 Private Retail Stock Ownership Corporations and developers such as CapitaLand, Frasers Property Group and Far East Organization remain the largest owners of private retail stock in Singapore. They accounted for approximately 50.4%11 of the private retail stock (NLA) as at 4Q 2023. REITs such as CICT, Mapletree Pan Asia Commercial Trust and Frasers Centrepoint Trust, are the second largest owners, representing an estimated 27.5% of private retail stock. The remaining 22.1% of the private retail stock is spread across strata-titled owners, funds and insurance houses, others and the public sector. CICT continues to be the largest owner of private retail stock in Singapore, owning approximately 8.6% of the total private retail stock. Future Retail Supply The total retail supply coming into the market between 2024 and 2026 is approximately 1.1 million sq ft of NLA. This amounts to an average of about 0.4 million sq ft of retail space per annum, which is slightly lower than the historical 5-year annual average completion (2019-2023) of 0.5 million sq ft. As the construction sector continues to face challenges such as labour shortages and rising construction costs, several projects were delayed from 2023 to 2024. 11 Based on URA’s total private stock 12 The ownership of properties under Frasers Centrepoint Trust includes the increased stake from 25.5% to 50% stake in NEX as announced in January 2024. Source: CBRE Singapore, 4Q 2023 ESTIMATED BREAKDOWN OF PRIVATE RETAIL STOCK OWNERSHIP IN SINGAPORE CapitaLand Integrated Commercial Trust 8.6% Frasers Centrepoint Trust 4.4% Far East Organization 3.6% Mapletree Pan Asia Commercial Trust 2.4% Changi Airport Group 2.1% Corporations/ Developers 50.4% REIT 27.5% United Industrial Corporation Limited 2.0% City Developments Limited 1.9% Suntec REIT 1.9% Lendlease Global Commercial REIT 1.8% CapitaLand 1.8% Others/Unknown 69.5% Strata-titled 14.7% Funds/Insurance 5.6% Others/Unknown 1.8% 20 18 16 14 12 10 8 6 4 2 0 Retail Space per Capita (sq ft) Greater Melbourne Greater Los Angeles Bangkok London Singapore Greater Sydney Shanghai Hong Kong 17.9 16.9 14.4 11.4 9.0 5.7 8.1 7.7 Overview Leadership Performance Framework Other Information ANNUAL REPORT 2023 95

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