Portfolio Valuation Portfolio valuation was S$26.0 billion as at 31 December 2024, an increase of 6.2% year-on-year. The growth in value was largely due to the acquisition of ION Orchard, better performance of the Singapore portfolio, offset by the divestment of 21 Collyer Quay and lower valuation from the Australia portfolio. Valuation as at 31 Dec 2024 Valuation as at 31 Dec 2023 Variance Valuation as at 31 Dec 2024 S$ million S$ million S$ million S$ per sq ft NLA Retail Bedok Mall 815.0 805.0 10.0 3,656 Bugis Junction 1,141.0 1,130.0 11.0 2,899 CQ @ Clarke Quay 411.0 410.0 1.0 1,418 IMM Building 763.0 745.0 18.0 797 ION Orchard (50.0%) 1,849.0 – - 5,924 Junction 8 815.0 806.0 9.0 3,211 1 Lot One Shoppers’ Mall 564.0 558.0 6.0 2,894 1 Tampines Mall 1,151.0 1,133.0 18.0 3,231 Westgate 1,127.0 1,100.0 27.0 2,814 1 Bugis+ 359.0 358.0 1.0 1,861 1 Bukit Panjang Plaza 389.0 2 360.0 29.0 2,935 1 Subtotal 9,384.0 7,405.0 1,979.0 Office Asia Square Tower 2 2,245.0 2,243.0 2.0 2,901 CapitaGreen 1,689.0 1,681.0 8.0 2,430 Capital Tower 1,463.0 1,461.0 2.0 1,997 CapitaSky (70.0%) 884.1 884.1 - 2,434 Six Battery Road 1,608.0 3 1,520.0 88.0 3,252 21 Collyer Quay Divested on 11 Nov 24 649.0 - - Gallileo, Germany (94.9%) 363.7 4 321.5 42.1 867 Main Airport Center, Germany (94.9%) 314.7 5 333.6 (19.0) 510 66 Goulburn Street, Australia 205.5 6 252.6 (47.1) 834 100 Arthur Street, Australia 261.0 7 304.9 (43.9) 897 Subtotal 9,034.0 9,650.8 (616.8) Integrated Development CapitaSpring (45.0%) 926.3 918.9 7.4 N.M. 8 Funan 849.0 9 814.0 35.0 1,653 2 Plaza Singapura10 1,441.0 9 1,390.0 51.0 2,968 The Atrium@Orchard10 786.0 783.0 3.0 2,147 2 Raffles City Singapore 3,332.0 9 3,216.0 116.0 N.M. 8 101-103 Miller Street and Greenwood Plaza, Australia (50.0%) 282.711 326.1 (43.4) 1,134 Subtotal 7,617.0 7,448.0 169.0 Grand total 26,034.9 24,503.8 1,531.1 Figures may not add up due to rounding. 1 Excludes Community / Sports Facilities Scheme area. 2 Valuation for Bukit Panjang Plaza was uplifted mainly due to higher rents. 3 Valuation for Six Battery Road was uplifted largely due to a compression in capitalisation rate. 4 Valuation for Gallileo (94.9% interest) was EUR257.1 million. S$ value was derived from a conversion rate of EUR1 = S$1.415. 5 Valuation for Main Airport Center (94.9% interest) was EUR222.4 million. S$ value was derived from a conversion rate of EUR1 = S$1.415. 6 Valuation for 66 Goulburn Street was A$237.0 million. S$ value was derived from a conversion rate of A$1 = S$0.867. 7 Valuation for 100 Arthur Street was A$301.0 million. S$ value was derived from a conversion rate of A$1 = S$0.867. 8 Not meaningful as both Raffles City Singapore and CapitaSpring comprise retail and office components, hotel and convention center / serviced residence. 9 Valuation for Funan, Plaza Singapura and Raffles City Singapore were uplifted due to improved operating performances. 10 Plaza Singapura and The Atrium@Orchard are classified as an integrated development. 11 Valuation for 101-103 Miller Street & Greenwood Plaza (50.0% interest) was A$326.0 million. S$ value was derived from a conversion rate of A$1 = S$0.867. 26 CapitaLand Integrated Commercial Trust
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