Basic Profile & Key Statistics
- Main Sector(s): Office & Retail
- Country(s) with Assets: Singapore, China, Hong Kong, Japan & South Korea
- of Properties (exclude development/associate/fund): 18
Key Indicators
Performance Highlight
Gross revenue, NPI, the amount available for distribution to unitholders increased yoy due to the mergers with Mapletree North Asia Commercial Trust. DPU on the other hand, could not have an apple-to-apple comparison.
Rental Reversion
Overall rental reversion for the 1H FY22/23 is at 1.1%. The rental reversion is mainly being dragged down by Festival Walk in Hong Kong.
Shopper Traffic & Tenant Sales
For VivoCity, tenant sales have improved and exceeded the pre-COVID level despite lower shopper traffic. As for Festival Walk, both tenants sales and shopper traffic are similar to last year and both are still below pre-COVID level.
Asset Enhancement Initiative
AEI which involves the conversion of part L1 anchor space into a new retail zone for VivoCity is ongoing. The area of TANGS department stores will be optimized and some...
