49 Annual Report 2024 LOT ONE SHOPPERS' MALL Lot One Shoppers’ Mall is in the heart of Choa Chu Kang, located in the north-western region of Singapore. The mall is well connected by major arterial roads and is next to the Choa Chu Kang MRT station on the NorthSouth Line, the Light Rail Transit (LRT) station and a bus interchange. It enjoys a large catchment, comprising residents from the precincts of Choa Chu Kang, Bukit Panjang, Bukit Batok and Upper Bukit Timah, as well as uniformed personnel from military camps in the vicinity and students from nearby schools. As at 31 December 2023 2024 Valuation (S$ million) 558.0 564.0 Gross Floor Area (sq ft) 333,300 333,300 Net Lettable Area1 (sq ft) 227,000 227,200 Number of Tenants 140 150 Committed Occupancy (%) 100 100 Gross Revenue2 (S$ million) 45.2 46.5 Trade Mix3 (%) Food & Beverages 33.3 Beauty & Health 16.9 Fashion & Accessories 10.9 Digital & Appliance 7.0 Supermarket 5.9 Services 5.2 Books, Stationery & Gifts/ 5.0 Hobbies/ Sports Leisure & Entertainment 4.4 Education 3.7 Jewellery & Watches 3.3 Home & Living 1.8 Kids 1.4 Shoes & Bags 1.2 Property Information Address 21 Choa Chu Kang Avenue 4 Land Tenure Leasehold tenure of 99 years with effect from 1 December 1993 Purchase Price in 2007 S$243.8 million Carpark Lots 318 Bicycle Lots - Green Rating BCA Green Mark Gold Lease Expiry Profile3 (%) 26.1 29.8 10.9 2.5 2.6 2025 2026 2027 2028 2029 2030 and beyond 28.1 Major Tenants4 BreadTalk Group Pte Ltd Courts (Singapore) Pte. Ltd. NTUC Enterprise Co-Operative Ltd 1 Includes CSFS area. 2 Gross revenue comprises gross rental income, car park income and other income for the respective financial year. 3 As at 31 December 2024, based on committed gross rental income which excludes gross turnover rent. 4 Based on gross rental income for the month of December 2024 which excludes gross turnover rent.
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