Page 42 - ar2011

FY 2011 Net Property Income contribution by asset
(Divested properties in 2010 and 2011 are not included)
Maintaining steady incomes
In terms of contribution by sector, of f ice rentals
accounted for 64%of FY 2011’s gross rental income, while
retail and hotel & convention centre leases mainly from
our 60.0% interest in Rafes City Singapore made up the
remaining 36.0%. Non-office components performed
well, mitigating the decline in of fice income due to
negative rent reversions this year. Adding stability to the
income stream, 72% of the income from the hotel and
convention centre lease is on a fixed rent basis.
Raffles City
Singapore
(60.0% interest)
Capital
Tower
Six Battery
Road
One George
Street
HSBC
Building
Wilkie
Edge
Bugis
Village
Golden Shoe
Car Park
FY 2010 (S$ million) FY 2011 (S$ million)
87.9
95.2
47.2 47.1
65.4
48.0 49.5 49.5
9.4 9.7 8.1 8.8 8.1 8.2
6.4 8.6
Hotels &
Convention
Centre
15%
Mainly from
60.0% interest
in Raffles City
Singapore
Office
64%
Retail
(excludes
turnover
rent)
21%
CCT's income contribution by sector based
on FY 2011 Gross Rental Income
Financial Review
40