Page 50 - Report_to_Unitholders_2012

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Financial
Review
valuation and property yield of portfolio
Valuation
2012
1
Valuation
2011
2
Valuation
2012
(in per sq m
of GRA
3
)
Property
Yield 2012
4
Valuation
2012
1
Valuation
2011
2
RMB Million RMB Million
RMB
% S$ Million S$ Million
CapitaMall Xizhimen
2,449
2,230
29,479
6.3
475.0
453.8
CapitaMall Wangjing
1,690
1,506
24,849
7.0
327.8
306.4
CapitaMall Anzhen
940
925
21,638
7.0
182.3
188.2
CapitaMall Erqi
583
575
6,313
6.5
113.1
117.0
CapitaMall Shuangjing
533
525
10,776
6.3
103.4
106.8
CapitaMall Minzhongleyuan
3
449
434
11,623
5.9
87.1
88.3
CapitaMall Qibao
420
363
5,775
7.8
81.5
73.9
CapitaMall Saihan
322
310
7,678
6.0
62.4
63.1
CapitaMall Wuhu
228
211
4,996
6.4
44.2
42.9
Total
7,614
7,079
–
6.6
1,476.8
1,440.4
1
The valuations of CapitaMall Xizhimen, CapitaMall Minzhongleyuan, CapitaMall Qibao, CapitaMall Saihan and CapitaMall Wuhu were undertaken by
CBRE, while the valuations of CapitaMall Wangjing, CapitaMall Anzhen, CapitaMall Erqi and CapitaMall Shuangjing were undertaken by Colliers as at
31 December 2012.
2
The valuations of CapitaMall Xizhimen and CapitaMall Minzhongleyuan were undertaken by CBRE while the valuations of CapitaMall Wangjing,
CapitaMall Anzhen, CapitaMall Erqi, CapitaMall Shuangjing, CapitaMall Saihan, CapitaMall Wuhu and CapitaMall Qibao were undertaken by Knight
Frank as at 31 December 2011.
3
Gross rentable area (GRA).
4
Property yield is calculated based on NPI for 1 January 2012 to 31 December 2012 and the valuation as at 31 December 2012.
S$’000
Investment Properties as at 31 December 2012
1,476,988
1
Surplus on revaluation for FY 2012
102,978
1
The carrying amount of the investment properties include the valuations of the nine retail malls and the carrying amount of CapitaMall Minzhongleyuan’s three
residential units.
Strengthening Fundamentals, Building a Sustainable Future
48