CITY DEVELOPMENTS LIMITED ANNUAL REPORT 2022 OVERVIEW 4 5 E N H A N C E M E N T OPTIMISING OUR ASSETS Palais Renaissance | Singapore As part of the ongoing rejuvenation of our portfolio, we continued to enhance and reposition our assets, to drive operational efficiency and returns. In 2022, we completed Asset Enhancement Initiatives (AEIs) for several properties, which included a $7 million makeover for Palais Renaissance. Beyond physical upgrades, such as a new alfresco dining area fronting Orchard Road, we also introduced our proprietary CityNexus smart building app to enhance our tenants’ daily operations. In Thailand, we completed the Phase 1 revamp of Jungceylon Shopping Center in Patong, Phuket, welcoming the return of both domestic and international tourists with a range of exciting new lifestyle attractions. GLOBAL PORTFOLIO 21 MILLION SQ FT Total gross floor area in residential for lease, commercial and hospitality assets Singapore 49% Development Properties 42% Others 14% Others 6% US 8% Hotel 25% UK 15% China 14% Investment Properties 27% TOTAL ASSETS $23 BILLION ASSETS BY GEOGRAPHY ASSETS BY BUSINESS SEGMENT
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