Appendix Development Projects1 Since CLAR embarked on its first development project in 2006, it has completed 21 development/redevelopment projects. Two of the development projects, Four Acres Singapore and A-REIT Jiashan Logistics Centre in China, were divested in FY16/17. For the remaining 19 projects, the total cumulative unrealised gains achieved were S$689.3 million (39.8% over cost of development). Development Sub-segment Total Development / Redevelopment Cost (S$ million) Revaluation as at 31 Dec 2025 (S$ million) Completion 1 Courts Megastore Logistics 46.0 52.0 Nov 2006 2 Giant Hypermart Logistics 65.4 64.0 Feb 2007 3 Hansapoint Business Space – Changi Business Park 26.1 97.8 Jan 2008 4 15 Changi North Way Logistics 36.2 55.0 Jul 2008 5 Pioneer Hub Logistics 79.3 118.0 Aug 2008 6 1 , 3 & 5 Changi Business Park Crescent Business Space – Changi Business Park 200.9 353.0 Feb 2009, Sep 2009, Dec 2010 7 71 Alps Avenue Logistics 25.6 27.0 Sep 2009 8 38A Kim Chuan Road Data Centres 170.0 173.12 Dec 2009 9 90 Alps Avenue Logistics 37.9 76.0 Jan 2012 10 FoodAxis @ Senoko3 Industrial 57.8 104.6 Feb 2012 11 Nexus @one-north Business Space – one-north 181.3 226.0 Sep 2013 12 DBS Asia Hub Phase 2 Business Space – Changi Business Park 21.8 N.A.4 Apr 2015 13 S chneider Electric Building5 Industrial 45.2 93.3 Jun 2017 14 20 Tuas Avenue 16 Logistics 61.4 109.0 Apr 2018 15 Grab Headquarters Business Space – one-north 184.6 203.0 Jul 2021 16 UBIX7 Industrial 38.2 75.5 Jan 2022 17 6055 Lusk Boulevard Life Sciences 47.3 153.2 Dec 2023 18 1, 1A and 1B Science Park Drive8 Life Sciences – Singapore Science Park 1 300.2 308.4 Mar 2025 19 5 Toh Guan Road East9 Logistics 107.4 133.0 Sep 2025 Total 1,732.6 2,421.9 Notes: 1 Includes convert-to-suit projects. 2 38A Kim Chuan Road was valued by an independent valuer at S$173.1 million. CLAR has recorded the property at S$173.1 million, comprising S$144.5 million in land and building, and S$28.6 million in M&E equipment. 3 FoodAxis @ Senoko (previously known as 1 Senoko Avenue) was first acquired on 15 May 2007 for S$11.2 million. It was subsequently redeveloped to maximise the allowable plot ratio. 4 Valuation for DBS Asia Hub Phase 2 is not available. The entire property was valued at S$219.0 million. 5 Schneider Electric Building was acquired on 27 February 2006 for S$28.6 million. It was subsequently redeveloped and leased to a single tenant. 6 20 Tuas Avenue 1 was acquired on 19 February 2004 for S$50.0 million and was subsequently redeveloped to maximise the allowable plot ratio. Redevelopment cost does not include land premium. 7 UBIX was redeveloped from two light industrial buildings, 25 Ubi Road 4 and 27 Ubi Road 4, which were acquired on 16 May 2005 for S$9.0 million and 1 April 2005 for S$12.6 million, respectively. 8 1, 1A and 1B Science Park Drive (previously known as TÜV SÜD PSB Building) was acquired on 18 November 2005 for S$35.0 million. It was subsequently redeveloped via a joint venture with CapitaLand Development, where CLAR owns a 34% stake. 9 5 Toh Guan Road East was acquired on 28 December 2004 for S$36.4 million and was subsequently redeveloped to maximise the allowable plot ratio. CapitaLand Ascendas REIT 206
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