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PERENNIAL REAL ESTATE HOLDINGS LIMITED
Annual Report 2015
FINANCIAL REVIEW
TOTAL ASSETS
Perennial’s total assets as at 31 December 2015 stood
at S$6.5 billion which comprised mainly real estate
assets which were acquired as part of the RTO and VO
exercises. On completion of the acquisitions made on
the RTO date, the total asset size was approximately
S$3.2 billion and this has since doubled with further
acquisitions under the VO which were completed in
February 2015 as well as the acquisition of the Beijing
Tongzhou Integrated Development Phases 1 and 2 in
April 2015.
The Singapore assets and China assets accounted
for approximately 26.7% and 68.1% of total assets
respectively.
Perennial is strategically focused on the core markets of
Singapore and China. On an effective stake basis, each
of these two markets constituted about 21% and 72.6%
of total assets respectively.
As at 31 December 2015, Perennial’s investment
properties in Singapore included CHIJMES and TripleOne
Somerset and those in China included Perennial Jihua
Mall, Perennial Qingyang Mall and PIHMH.
Perennial’s investment in associates and joint ventures
included mainly Capitol Singapore, House of Tan Yeok
Nee and AXA Tower in Singapore, as well as Shenyang
Longemont Shopping Mall, Shenyang Red Star
Macalline Furniture Mall, Shenyang Longemont Offices,
Chengdu East High Speed Railway (“
HSR
”) Integrated
Development Plots C and D, Beijing Tongzhou Integrated
Development Phase 2 and Zhuhai Hengqin Integrated
Development in China.
Properties under development comprised mainly Xi’an
North HSR Integrated Development, Beijing Tongzhou
Integrated Development Phase 1 and Accra Integrated
Development, Ghana.
68.1%
26.7%
1.1%
1.3%
2.2% 0.6%
China
Singapore
Management Business
Corporate
Malaysia
Ghana
TOTAL
ASSETS
72.6%
21.0%
China
Singapore
Management Business
Corporate
Malaysia
Ghana
TOTAL ASSETS
(Effective Stake
Basis)
1.4%
1.7%
2.9% 0.4%
