Page 59 - ar2013

SEO Version

Business
Review
57
Valuation
2013
RMB million
1
Valuation
2012
RMB million
2
Valuation
2013
(in per sq m
of GRA
3
)
RMB
Property
Yield 2013
%
4
Valuation
2013
S$ million
1
Valuation
2012
S$ million
2
CapitaMall Xizhimen
2,600
2,449
31,297
6.2
532.2
475.0
CapitaMall Wangjing
1,900
1,690
27,937
6.8
388.9
327.8
CapitaMall Grand Canyon
1,882
–
26,895
–
385.2
–
CapitaMall Qibao
472
420
6,490
7.6
96.6
81.5
CapitaMall Saihan
362
322
8,632
7.1
74.1
62.4
CapitaMall Wuhu
251
228
5,500
5.8
51.4
44.2
CapitaMall Anzhen
949
940
21,845
7.0
194.3
182.3
CapitaMall Erqi
590
583
6,388
6.7
120.8
113.1
CapitaMall Shuangjing
543
533
10,978
6.5
111.2
103.4
CapitaMall Minzhongleyuan
504
449
13,047
0.7
103.2
87.1
Total
10,053
7,614
–
6.3 2,057.9 1,476.8
1 The valuation of CapitaMall Anzhen, CapitaMall Shuangjing, CapitaMall Qibao, CapitaMall Saihan and CapitaMall Wuhu were conducted by CBRE,
while the valuation for CapitaMall Xizhimen, CapitaMall Wangjing, CapitaMall Erqi and CapitaMall Minzhongleyuan were conducted by Colliers as at
31 December 2013. The valuation of CapitaMall Grand Canyon as at 31 December 2013 was based on management valuation as the acquisition of the mall
was completed on 30 December 2013.
2 The valuation of CapitaMall Xizhimen, CapitaMall Minzhongleyuan, CapitaMall Qibao, CapitaMall Saihan and CapitaMall Wuhu were conducted by CBRE, while
the valuation for CapitaMall Wangjing, CapitaMall Anzhen, CapitaMall Erqi and CapitaMall Shuangjing were conducted by Colliers as at 31 December 2012.
3 Gross rentable area (GRA).
4 Property yield is calculated based on NPI for 1 January 2013 to 31 December 2013 and the valuation as at 31 December 2013. CapitaMall Grand Canyon NPI
yield is excluded as the mall was acquired on 30 December 2013.
S$’000
Investment Properties as at 31 December 2013
2,058,094
1
Surplus on revaluation for FY 2013
99,159
1
The carrying amount of the investment properties include the valuation of the 10 retail malls and the carrying amount of CapitaMall Minzhongleyuan’s
three residential units.
VALUATION AND PROPERTY YIELD OF PORTFOLIO