TOTAL ASSETS $35 billion1 Investment Properties Development Properties Others Assets by Business Segment 1 Including fair value gains on investment properties and revaluation surpluses on hotels. ENHANCEMENT As part of our portfolio rejuvenation focus, we continue to enhance and reposition key assets to drive operational efficiency and unlock long-term value. In 2025, we completed Asset Enhancement Initiatives (AEIs) for Tower 2 of Republic Plaza, our flagship building in Raffles Place, and City Square Mall, our largest retail property in Singapore. Both assets recorded strong leasing demand, achieving 100% and 98.7% occupancy respectively. Post-AEI, City Square Mall delivered a healthy 9.7% rental reversion on renewed leases. Across our commercial portfolio, we secured approximately 738,000 sq ft of new leases and renewals. Notably, Union Square Central secured a new anchor tenant and achieved a strong 52% pre-leasing commitment. 48% Singapore 6% 17% UK China US Others 16% Assets by Geography 13% 5% Hotels 25% 29% 41% BUILDING ON EXPERIENCES
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