Investor Presentaiton
Business Park Rental Reversion in FY 20211
Investment Property
Ascendas Xinsu Portfolio
Ascendas Innovation Towers
From 1 Jan to 31 Dec 2021
No. of new
leases/renewals
Area
(sq m)
% of Total Net
Lettable Area
Var. over last
rental rate 2,3
138
94,998
27.2%
5.1%
Ascendas Innovation Hub
22
29
16,661
17.4%
12.3%
24
14,600
40.2%
2.7%
Singapore-Hangzhou Science Technology Park Phase I
84
38,763
38.2%
6.7%
Singapore-Hangzhou Science Technology Park Phase II
24
14,906
11.8%
18.3%
Business Park Portfolio
299
179,928
25.4%
7.0%
The rental reversion recognition of the various business parks project begin in the month of acquisition completion with the exception of the Singapore-Hangzhou Science & Technology Park Phase I and II. The Singapore-Hangzhou Science
& Technology Park Phase I and II projects were completed on 18 June 2021 but the rental reversion were recognized from the month of March 2021. The rental reversion recognition of Ascendas Xinsu Portfolio, Ascendas Innovation Towers
and Ascendas Innovation Hub in the months of January 2021, February 2021 and February 2021 respectively.
Notes:
1.
2.
Excludes gross turnover component, newly created units leased, short term renewals (< 1 year) and units vacant for>=1 year.
3.
Includes re-configured units.
CapitaLand China Trust
Financial Results for FY 2021
54
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