Business Review Other Markets PORTFOLIO AT A GLANCE Property1,2 Location Description Tenure The Light City, Penang, Malaysia About 1 km north of Penang Bridge, Gelugor, Malaysia Retail Mall Residential Office Hotels Convention Centre Freehold The Sanctuary Collection, Greater Jakarta, Indonesia Phase 1 About 50 km south of Jakarta, Indonesia Residential 30 years, extendable to 50 years, after which the land title may be renewed subject to government approval4 Phase 2 1 As at 31 December 2023, the value of leasehold properties totalled S$161.2 million and the value of freehold properties totalled S$227.4 million. 2 As all designs are undergoing refinement, the information in this table is subject to change. 3 GFA excludes carpark space based on current plans and is subject to the relevant authorities’ approval of the plans. 4 Land titles of landed residential properties will be converted to freehold upon purchase by Indonesian individuals. REAL ESTATE 84 PERENNIAL HOLDINGS PRIVATE LIMITED
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