OVERVIEW PERFORMANCE SUSTAINABILITY FINANCIALS APPENDIX REAL ESTATE BUSINESS HOSPITALITY Own, develop and manage prime landmark developments, as well as assets which can be repositioned or redeveloped, which are close to transportation hubs with value creation opportunities to unlock and maximise embedded value Adopt a balanced approach combining strata sales and long-term hold strategy to optimise fund flows while maximising value from long-term operations Invest in or establish strategic partnerships with renowned local and international hotel operators to drive the growth of its hospitality business CHINA AND SINGAPORE CHINA, SINGAPORE, MALAYSIA AND INDONESIA CHINA AND MALAYSIA • Selectively acquire completed operational assets which will augment the stream of recurring income and provide further income stability • Focus on acquiring urban renewal or rejuvenation projects • Adopt a strata-sale or en bloc sale strategy for parts of the development for capital recycling purposes and to optimise the return on equity, with the remaining parts to be held for the long term • Tap into additional sources of capital, recycle capital and reduce external financing requirements • Retain an interest in long-term assets to enjoy the benefits of potential uplift in asset valuations, as well as recurring future income from these operational assets • Optimise capital structure through a combination of onshore and offshore funding • Partner and/or appoint well-established local and foreign hotel operators with impeccable services, dedication to excellence, extensive local and international networks and strong operating track records. • Introduce multi-branded hotels within its TODs to cater to different groups of guests. SINGAPORE • The Skywaters > See Page 69 • Golden Mile Singapore > See Page 70 • Perennial Business City > See Page 73 CHINA • Hangzhou West HSR Integrated Development > See Page 63 CHINA • Hangzhou West HSR Integrated Development > See Page 63 • Beijing Tongzhou Integrated Development > See Page 65 SINGAPORE • The Skywaters > See Page 69 • Golden Mile Singapore > See Page 70 MALAYSIA • The Light City, Penang > See Page 77 INDONESIA • The Sanctuary Collection, Greater Jakarta > See Page 79 CHINA • Hotels within Perennial Tianjin South HSR International Healthcare and Business City > See Page 46 • Hotels within Perennial Kunming South HSR International Healthcare and Business City > See Page 52 • Hotels within Hangzhou West HSR Integrated Development > See Page 63 MALAYSIA • The Light City, Penang > See Page 77 The Company is guided by its overarching acquisition and investment principles: 1. Strategic Location for Healthcare Synergy 2. Disciplined Healthcare-focused Acquisitions and Investments 3. Proactive Value Creation in Healthcare-Real Estate Ecosystem 4. Active Asset Management in Healthcare-Real Estate Integration 5. Optimal Cashflow Management for Healthcare-Real Estate Ventures 6. Prudent Capital Management for Sustainable Healthcare-Real Estate Growth 19 ANNUAL REPORT 2024
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