Investor Presentaiton
Enhancing the Portfolio with New Assets
Selectively undertaking turnkey acquisitions and development projects
Teriha Ocean Stage
Completed turnkey acquisition of 258-unit rental housing property in Fukuoka, Japan in Jan 2024
Located in Island City, an established family-centric residential area that is within proximity to both Tenjin
(commercial and entertainment district) and Hakata (CBD) stations
Acquisition price of JPY 8.0 bil (S$82.6 mil)
Estimated net operating income (NOI) yield of c.4.0% on a stabilised basis
.
Somerset Liang Court Singapore 1
192-unit Somerset serviced residence with hotel licence in the popular riverfront lifestyle
and entertainment Clarke Quay precinct
•
Substructure works are ongoing and targeted to complete in 2024
Development expected to complete in 2H 2025
Note:
1.
Expected opening date and property details for Somerset Liang Court Singapore are subject to change
CapitaLand Ascott Trust
Artist's
impression
Site progress
Investor Presentation
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