Singapore-Hangzhou Science & Technology Park Phase I Hangzhou Singapore-Hangzhou Science & Technology Park Phase I is an integrated business park located in the heart of Hangzhou Economic and Technological Development Area. The Phase I property comprises of five R&D buildings of four to 20 storeys and two ancillary buildings. The property is in close proximity to Hangzhou Metro Line 1 and Line 8, and adjacent to Zhejiang’s largest university zone. Singapore-Hangzhou Science & Technology Park Phase I hosts a good mixture of companies including MiRXES, CITIC Bank and Si Shan Technology across sectors such as Biomedical Sciences, E-commerce and Professional Services. SingaporeHangzhou Science & Technology Park Phase I attained its green certification in 2023.1 Lease Profile Expiry (%) 57.7 2025 2026 2027 2028 2029 Beyond 2029 55.1 25.1 26.7 13.4 15.2 0.4 0.5 1.2 1.2 2.2 1.3 % of GRI % of Committed NLA Trade Sector (% of GRI) E-Commerce 33.7 Others 14.2 Biomedical 11.0 Sciences Information and 10.8 Communications Technology Culture, Sports 10.3 and Entertainment Electronics 8.8 Professional 3.8 Services Logistics and 2.2 Supply Chain Management Education 2.0 Fast Moving 1.3 Consumer Goods Financial Services 1.2 Textile and 0.4 Garments Engineering 0.3 60.9 Gross Revenue (RMB million) 39.8 Net Property Income (RMB million) 810.0 Property Valuation (RMB million) Property Informationi GFA (sq m) 101,811 NLA (sq m) 101,450 No. of Leases 157 Land Use Right Expiry 04 September 2056 Purchase Price RMB641.0 million Acquisition Dateii 18 June 2021 Committed Occupancy Rateiii 74.6% i All information is presented based on 100% ownership. ii Refers to the completion of the acquisition of the special purpose vehicles which own the properties. iii Based on all committed leases as of 31 December 2024. 1 Attained LEED Gold certification for Block 1 to 3 of Singapore-Hangzhou Science & Technology Park Phase I – the remaining blocks are LEED Gold certified since 2014. 47 Annual Report 2024
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