CITY DEVELOPMENTS LIMITED ANNUAL REPORT 2022 OVERVIEW 2 3 G R O W T H Leveraging on our core competencies in property development and asset management, CDL remained focused on building a solid development pipeline and strengthening our recurring income streams. In 2022, two successful launches powered our sales performance in Singapore – Piccadilly Grand and Copen Grand Executive Condominium (EC). We also substantially sold our existing inventory and completed four site acquisitions to replenish our landbank. Overseas, we continued to expand our Living Sector portfolio in our key markets of Australia, Japan and the UK. To build scale and leverage the rising demand for rental accommodation, we acquired two Private Rented Sector (PRS) development sites in Australia, three newly-built PRS projects in Japan and six Purpose-Built Student Accommodation (PBSA) assets in the UK. FORTIFYING OUR PORTFOLIO Copen Grand | Singapore Artist’s Impression * Includes ECs and share of joint venture (JV) partners. ^ Based on 8,578 new units (including ECs) sold in 2022, according to Urban Redevelopment Authority data. GLOBAL LIVING SECTOR PORTFOLIO Operational & Under Development PROPERTY DEVELOPMENT Singapore RESIDENTIAL LAUNCH PIPELINE >2,000 UNITS in Singapore* Sold 1,487 UNITS* Sales Value $2.9 BILLION* Market Share 17.3%^ PRS 2,288 UNITS PBSA 2,368 BEDS
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