Percentage of
Description Acquisition
Term of
Lease
Latest
Valuation Carrying Amount
Net Assets
of Property
Date
Tenure Lease
Expiry
Location Valuation Date
2015 2014 2015 2014
$’000
$’000 $’000 % %
(Restated)
(Restated)
Light Industrial Properties & Flatted Factories
@ Techplace I
19 Nov 2002 Leasehold 65 years 31 Mar 2052 Blk 4008-4012
Ang Mo Kio
Avenue 10
141,700 31 Mar 2015 141,700 136,300 2.83
2.81
+ Techplace II
19 Nov 2002 Leasehold 65 years 31 Mar 2052 Blk 5000-5004,
5008-5014
Ang Mo Kio
Avenue 5
191,800 31 Mar 2015 191,800 184,300 3.83
3.80
Osim
Headquarters
20 Jun 2003 Leasehold 60 years 09 Mar 2057 65 Ubi Avenue
1
39,500 31 Mar 2015 39,500 41,000 0.79
0.85
@ 41 Changi
South
Avenue 2
13 Oct 2003 Leasehold 60 years
(a)
28 Feb 2055
(a)
41 Changi
South
Avenue 2
12,200 31 Mar 2015 12,200 12,200 0.24
0.25
# 12 Woodlands
Loop
29 Jul 2004 Leasehold 60 years
(a)
15 Jan 2056
(a)
12 Woodlands
Loop
28,200 31 Mar 2015 28,200 26,700 0.56
0.55
# SB Building 26 Nov 2004 Leasehold 60 years
(a)
30 Sep 2057
(a)
25 Changi
South Street 1
22,600 31 Mar 2015 22,600 23,800 0.45
0.49
# 247 Alexandra
Road
01 Dec 2004 Leasehold 99 years 25 Sep 2051 247 Alexandra
Road
64,800 31 Mar 2015 64,800 64,800 1.29
1.34
@ 5 Tai Seng
Drive
01 Dec 2004 Leasehold 60 years 30 Nov 2049 5 Tai Seng
Drive
19,300 31 Mar 2015 19,300 19,000 0.38
0.39
# Volex Building 01 Dec 2004 Leasehold 60 years
(a)
31 Jan 2052
(a)
35 Tampines
Street 92
13,040 31 Mar 2015 13,040 13,040 0.26
0.27
# 53 Serangoon
North Avenue 4
27 Dec 2004 Leasehold 60 years
(a)
30 Nov 2055
(a)
53 Serangoon
North Avenue 4
13,300 31 Mar 2015 13,300 13,200 0.27
0.27
3 Tai Seng Drive 01 Apr 2005 Leasehold 60 years 30 Nov 2049 3 Tai Seng
Drive
19,900 31 Mar 2015 19,900 19,300 0.40
0.40
# 27 Ubi Road 4 01 Apr 2005 Leasehold 60 years
(a)
31 Oct 2055
(a)
27 Ubi Road 4 12,800 31 Mar 2015 12,800 12,200 0.26
0.25
# 52 Serangoon
North Avenue 4
04 Apr 2005 Leasehold 60 years
(a)
15 Sep 2055
(a)
52 Serangoon
North Avenue 4
20,700 31 Mar 2015 20,700 22,500 0.41
0.46
# Hyflux Building 04 Apr 2005 Leasehold 60 years 15 Jan 2041 202 Kallang
Bahru
21,700 31 Mar 2015 21,700 22,500 0.43
0.46
25 Ubi Road 4 16 May 2005 Leasehold 60 years
(a)
29 Feb 2056
(a)
25 Ubi Road 4 12,000 31 Mar 2015 12,000 11,800 0.24
0.24
@ BBR Building 21 Jun 2005 Leasehold 60 years
(a)
15 Sep 2057
(a)
50 Changi
South Street 1
9,300 31 Mar 2015 9,300 10,100 0.19
0.21
@ Tampines Biz-
Hub
05 Oct 2005 Leasehold 60 years
(a)
30 Nov 2049
(a)
11 Tampines
Street 92
21,300 31 Mar 2015 21,300 19,900 0.42
0.41
@ 84 Genting
Lane
05 Oct 2005 Leasehold 43 years
(f)
30 Nov 2039
(f)
84 Genting
Lane
14,700 31 Mar 2015 14,700 14,700 0.29
0.30
@ Hoya Building 05 Oct 2005 Leasehold 30 years 15 May 2033 455A Jalan
Ahmad Ibrahim
7,800 31 Mar 2015 7,800 7,920 0.16
0.16
@ NNB Industrial
Building
05 Oct 2005 Leasehold 60 years
(a)
15 Jan 2056
(a)
10 Woodlands
Link
16,700 31 Mar 2015 16,700 16,600 0.33
0.34
@ 37A Tampines
Street 92
01 Dec 2005 Leasehold 60 years
(a)
31 Aug 2054
(a)
37A Tampines
Street 92
17,200 31 Mar 2015 17,200 16,900 0.34
0.35
Hamilton
Sundstrand
Building
09 Dec 2005 Leasehold 60 years
(a)
28 Feb 2065
(a)
11 Changi
North Rise
38,500 31 Mar 2015 38,500 38,500 0.77
0.79
@ Thales Building
(I & II)
03 Jan 2006
& 20 Mar
2008
Leasehold 42 years
(g)
30 Jun 2047
(g)
21 Changi
North Rise
9,500 31 Mar 2015 9,500 9,400 0.19
0.19
Balance carried forward – (Light Industrial Properties & Flatted Factories)
768,540
768,540 756,660 15.33 15.58
The accompanying notes form an integral part of these financial statements.
I n v e s t m e n t P r o p e r t i e s P o r t f o l i o S t a t e m e n t
As at 31 March 2015
128 129
