45 Annual Report 2024 CQ @ CLARKE QUAY CQ @ Clarke Quay is an iconic conserved historical landmark located along the Singapore River and at the fringe of Singapore’s Central Business District (CBD). Conveniently located within walking distance of Clarke Quay and Fort Canning MRT stations on the North-East Line and Downtown Line, the property comprises five blocks of restored shophouses and waterfront godowns. CQ @ Clarke Quay is a popular destination for locals and tourists, offering a myriad of dining, entertainment and lifestyle experiences. As at 31 December 2023 2024 Valuation (S$ million) 410.0 411.0 Gross Floor Area (sq ft) 366,600 366,600 Net Lettable Area (sq ft) 289,900 289,900 Number of Tenants 40 60 Committed Occupancy (%) 85.1 94.5 Gross Revenue1 (S$ million) 20.6 30.0 Trade Mix2 (%) Food & Beverages 42.8 Leisure & Entertainment 38.6 Beauty & Health 5.3 Real Estate & Property 4.5 Services Multi-Concepts 4.4 Supermarket 3.9 Fashion & Accessories 0.5 Property Information Address 3A/B/C/D/E River Valley Road Land Tenure Leasehold tenure of 99 years with effect from 13 January 1990 Purchase Price in 2010 S$268.0 million Carpark Lots 410 Bicycle Lots 19 Green Rating BCA Green Mark GoldPLUS Lease Expiry Profile2 (%) 8.5 28.9 20.7 10.7 0 2025 2029 2026 2027 2028 2030 and beyond 31.2 Major Tenants3 Huone Singapore Pte. Ltd. NTUC Enterprise Co-Operative Ltd Zouk Clarke Quay Pte. Ltd. 1 Gross revenue comprises gross rental income, car park income and other income for the respective financial year. 2 As at 31 December 2024, based on committed gross rental income which excludes gross turnover rent. 3 Based on gross rental income for the month of December 2024 which excludes gross turnover rent.
RkJQdWJsaXNoZXIy NTkwNzg=