89
CapitaLand Mall Trust
Annual Report 2015
Overview
Sustainability
Business
Review
Portfolio
Details
Corporate
Governance &
Transparency
Retail Floor Space Per Capita
Urbis estimates that the provision of retail floor
space per capita in Singapore at end-2015 was
approximately 11.7 sq ft net lettable area (NLA).
On the basis of known forthcoming retail developments,
this figure is expected to remain relatively stable
to 2020. The per capita provision of floor space in
Singapore is toward the lower end of that in sampled
countries, and significantly below countries such
as Australia (22.0 sq ft NLA per capita) and United
States of America (40.1 sq ft NLA per capita).
Total Retail Floor Space Per Capita
(sq ft NLA)
14.8
Japan (2012)
22.0
Australia (2013)
40.1
12.6
South Korea (2014)
11.7
Singapore (2020)
11.7
Singapore (2015)
11.2
Hong Kong (2014)
Sources: International Council of Shopping Centres, various statistics agencies and Urbis.
USA (2012)
Mall Ownership
CapitaLand Mall Trust (CMT) is currently the largest
shopping mall owner in Singapore, owning 14.5% of
malls greater than 100,000 sq ft NLA. The next largest
owners include Pramerica (5.4%), Lend Lease (5.2%)
and Frasers Centrepoint (4.9%). CapitaLand separately
owns 2.8% of floor space.
Based on known forthcoming developments, by 2020
we expect CMT’s share will decline slightly to 14.4%,
while CapitaLand’s share will increase to 3.7% due to
its stake in Project Jewel.
Source: Urbis.
%
CapitaLand Mall Trust
14.5
Pramerica
5.4
Lend Lease
5.2
Frasers Centrepoint
4.9
Mapletree
4.4
NTUC
3.7
Far East Organisation
3.5
Singapore Land
3.0
Suntec REIT
3.0
CapitaLand
2
2.8
Others
49.6
Share of Major Shopping Malls Floor Space by
Owner
1
, 2015
1 Malls greater than 100,000 sq ft NLA as at end-2015. Share of floor space takes into account ownership stake.
2 CapitaLand’s share only accounts for malls directly owned by CapitaLand and does not include those owned through CMT.
Financials &
Additional
Information
12.3
China (2013)
