Suntec City "A City within a City" Suntec City is a landmark property strategically located in the Central Business District of Singapore. It is also Singapore's single largest integrated office, retail and exhibition/convention complex, totaling some 7 million sq feet. Suntec REIT owns Suntec City Mall and Suntec City Office Towers, which form part of Suntec City.

Suntec City Mall Suntec City Mall is Singapore's largest shopping mall is strategically integrated with the world-class Suntec Singapore International Convention and Exhibition Centre and interlinked to the five office towers. It enjoys a large catchment of tourists and business travellers from the eight five-star hotels nearby as well as a working population of approximately 15,000 daily in Suntec City. The Fountain of Wealth, listed as the world's largest fountain in the Guinness Book of World Records, is an integral part of Suntec City that attracts over half a million visitors a year.

Suntec City Mall is a one-stop shopping, fashion, dining, recreation and entertainment destination that attracts about 24 million visitors a year.

The 12 largest tenants (in terms of Gross Rent) of Suntec City Mall contributed 33.8% of the total Gross Rent from Suntec City Mall for the month ended 30 June 2004. For the same period, no more than 29.4% of the total Gross Rent from Suntec City Mall was derived from any one trade sub-sector and no single tenant accounted for more than 7.8% of total Gross Rent from Suntec City Mall.

Suntec City Office Towers Suntec City Office Towers comprises four 45-storey office towers and one 18-storey office tower; all are Grade-A intelligent office buildings with commanding views of the CBD, Marina Bay and the sea. Each is served by high-speed lifts and offers column-free space and intelligent building management systems. The "Suntec" brand name is recognised domestically and internationally. Awards won over the years by the Properties included two FIABCI Prix d'Excellence awards for excellence in all aspects of real estate development (Overall winner and Commercial/ Retail winner) in 1999 and the "Outstanding Contribution to Tourism" award in 1998 from Singapore Tourism Board. With economies of scale, the Properties benefit from cost efficiencies on shared promotion, maintenance, and other overhead costs.

Suntec City Office Towers is home to multinational corporations and prominent local companies, and have 88 tenants as at 30 June 2004. The 12 largest tenants (in terms of Gross Rent) of Suntec City Office Towers contributed 55.6% of the total Gross Rent from Suntec City Office Towers for the month ended 30 June 2004. For the same period, no more than 34.1% of the total Gross Rent from Suntec City Office Towers was derived from any one business sector and no single tenant accounted for more than 16.6% of total Gross Rent from Suntec City Office Towers.

Competitive Strengths of the Properties
The Manager is of the opinion that the Properties enjoy the following competitive strengths:

.  Strategic and prime location

.  Located in the Singapore Central Business District's Marina Centre area.
.  Well served by transport facilities, including access to City Hall MRT Interchange.
.  Will be further enhanced when directly served by two MRT stations in 2007/2008.
.  Significant opportunities to increase rental yields.

.  Large immediate catchment

.  Tourists and business travellers staying in 8 hotels within walking distance.
.  Over two million participants from events at nearby convention centre.
.  Approximately two million visitors monthly.
.  Approximately 15,000 office workers daily.

.  Strong branding of the "Suntec" name and Fountain of Wealth

.  Recognised domestically and internationally.
.  Fountain of Wealth attracts half a million visitors a year.

.  Economies of scale and scope

.  Cost efficiencies on shared promotion and maintenance expenditure.
.  Scope to provide large variety of attractions within the Properties.

.  Quality tenant base

.  Foreign institutions, prominent local corporations and multinational companies.
.  Enhanced stability of rental income.

.  Quality properties with excellent technology infrastructure

.  Includes 1999 FIABCI Prix d'Excellence awards (Overall winner and Commercial/ Retail winner).
.  Partnerships and alliances with technology and telecommunications companies provide strong technology infrastructure support.