OCCUPANCY RATE
Combined with our extensive network of international and local retailers, our active mall management
and proactive leasing strategy have helped us to maintain high occupancy rates over the past 10
years. The portfolio occupancy rate was 98.8% as at 31 December 2014.
Occupancy Rate
(%)
(As at 31 December)
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Tampines Mall
100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 99.5
Junction 8
100.0 100.0 100.0 100.0 100.0 100.0 100.0 99.6 99.4 100.0
Funan DigitaLife Mall
99.4 99.6 99.7 99.8 99.3 100.0 100.0 100.0 98.2 97.9
IMM Building
1
99.0 99.0 99.9 100.0 99.7 100.0 100.0 98.1 99.0 96.0
2
Plaza Singapura
100.0 100.0 100.0 99.8 100.0 100.0 100.0 91.3 100.0 100.0
Bugis Junction
100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Other assets
3
99.8 100.0 100.0 100.0 99.8 99.8 80.9
2
100.0 100.0 100.0
Raffles City Singapore
1
99.3 100.0 100.0 100.0 99.6 100.0 100.0 100.0 100.0
Lot One Shoppers’ Mall
92.7
2
99.3 99.9 99.6 99.7 99.8 100.0 100.0
Bukit Panjang Plaza
99.9 100.0 99.8 100.0 100.0 100.0 99.8 100.0
The Atrium@Orchard
4
98.0 99.1 93.5 65.5
2
95.3 99.5 99.9
Clarke Quay
100.0 100.0 97.9 100.0 95.9
JCube
99.6 100.0 96.0
2
Bugis+
99.5 100.0 100.0
Westgate
85.8 97.7
CMT Portfolio
99.7 99.5 99.6 99.7 99.8 99.3 94.8 98.2 98.5 98.8
1 Based on retail leases only.
2 Lower occupancy rates were due to asset enhancement initiatives (AEI).
3 Other assets include:
(a)
Sembawang Shopping Centre, except for 2007 and 2008 when it underwent an AEI;
(b) Rivervale Mall;
(c)
Hougang Plaza, until it was sold in 2012;
(d) JCube, except from 2008 to 2011 when it underwent an AEI. The asset was classified separately from 2012 onwards;
and
(e)
Bugis+, which was acquired in 2011 and subsequently underwent an AEI from November 2011 to July 2012. The asset
was classified separately from 2012 onwards.
4 Includes retail and office leases.
Leading with Confidence | 63
