OVERVIEW PERFORMANCE SUSTAINABILITY FINANCIALS APPENDIX Total Assets Composition by Country In FY2024, Perennial Holdings remained focused on its core markets of China and Singapore, which accounted for 74.5% Total Property Value versus Total Gross Floor Area As at 31 December 2024, Perennial Holdings’ completed projects in Singapore and China collectively accounted for approximately 48.0% of total property value (FY2023: 47.6%) on an effective stake basis, providing a stable stream of income for the Company. Perennial Holdings’ pure-play residential projects constituted the entire 6.7% of Singapore development (FY2023: 7.7%) on an effective stake basis. Development projects in China accounted for 41.6% of total property value of total assets (FY2023: 74.1%) and 23.5% of total assets (FY2023: 24.5%), respectively. On an effective stake basis, China and Singapore represented 73.8% of total assets (FY2023: 70.0%) and 23.7% of total assets (FY2023: 28.4%), respectively. (FY2023: 41.8%) on an effective stake basis and 56.6% of total gross floor area (FY2023: 60.8%) on an attributable GFA basis, highlighting significant future growth potential in China. China Development 41.6% China Completed 26.5% Singapore Development 6.7% Singapore Completed 21.5% Other Markets Development3 3.7% China Development 56.6% China Completed 27.2% Singapore Development 1.3% Singapore Completed 3.6% Other Markets Development3 11.3% China 74.5% Singapore 23.5% Other Markets3 2.0% TOTAL ASSETS1 China 73.8% Singapore 23.7% Other Markets3 2.5% BY EFFECTIVE STAKE2 BY EFFECTIVE STAKE2 TOTAL GROSS FLOOR AREA (Attributable GFA Basis) 1 Represents assets that are consolidated, and equity accounted according to the Singapore Financial Reporting Standards. 2 Represents assets computed via the Company’s shareholdings. 3 Other Markets relates to assets in Malaysia, Indonesia and Sri Lanka. 31 ANNUAL REPORT 2024
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