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Volume:
2,737,000 |
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High:
1.23 |
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Low:
1.21 |
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Change:
 0.005 |
Closing:
1.215 |
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Suntec City is an iconic integrated commercial development located
within the central business district of Singapore, within walking
distance from the landmark Esplanade – Theatres by the Bay and in
close proximity to the upcoming Downtown@Marina Bay.
Developed by a consortium of successful business leaders from
Hong Kong with a vision of making the complex "The Business
Capital of Asia", Suntec City is a landmark development which
comprises five Grade A office towers, a world-class convention and
exhibition centre, and one of Singapore's largest shopping mall,
all of which are interlinked by street level plazas and underground
walkways. The world-famous Fountain of Wealth which sits in the
heart of Suntec City, embodies an abundance of life and an endless
variety of bustling activity.
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Suntec REIT owns a net lettable area of 1,297,317 sq ft in Suntec
City Office Towers, comprising strata units in Towers One, Two and
Three, and all strata units in Towers Four and Five. Towers One
to Four are 45-storey buildings of column-free floor space, whilst
Tower Five is an 18-storey building with huge floor plates of up to
28,000 sq ft.
With quality buildings fronting the Marina Bay skyline and
complemented by a wealth of amenities from the integrated
shopping mall, Suntec City Offices draw a good stream of diverse
multinational firms ranging from sectors such as Banking, Insurance
and Financial Services, Technology, Services and Consultancy,
Trading, Shipping and Freight Forwarding.
As at 31 December 2010, 29.7% of the total gross office revenue
for the month of December 2010 was attributed to the Technology,
Services and Consultancy sector, followed by 22.7% and 16.0% from
the Banking, Insurance and Financial Services sector and the Trading
sector respectively.
In terms of net lettable area, as at 31 December 2010, 26.7% of
Suntec City's office net lettable area for the month of December 2010
was attributed to the Technology, Services and Consultancy sector,
followed by 26.5% and 14.8% from the Banking, Insurance and
Financial Services sector and the Trading sectors respectively.
The top 10 office tenants of Suntec City Office contributed 17.1% of
Suntec City's total gross revenue for the month of December 2010,
representing 38.8% of the Suntec City office net lettable area owned
by Suntec REIT.
Based on the committed leases as at 31 December 2010, 10.0%,
30.8% and 29.0% of Suntec City's total office net lettable area is
due to expire in FY 2011, FY 2012 and FY 2013 respectively, whilst
29.3% is due to expire in FY 2014 and beyond.
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Suntec City Mall is one of Singapore's largest malls and a leading
shopping destination, with more than 370 retail establishments
offering a unique one-stop shopping, dining, recreation and
entertainment experience for many. It caters to the needs of the
working population from the five office towers within Suntec
City and office buildings in the vicinity, the daily flow of tourists
and locals, as well as the vast network of local and international
delegates who convene at Suntec Singapore International
Convention & Exhibition Centre for exhibitions, seminars and
conferences.
Comprising 821,392 sq ft of net lettable retail space across three
levels and a basement, Suntec City Mall is segmented into four
thematic mall zones namely Galleria, the Tropics, the Fountain
Terrace and the Entertainment Centre, each offering a variety of
goods and services to appeal to the different market segments.
In addition, there are five specialty zones, namely Happy Kidz,
Tasty Treatz, e-life@Suntec, MPG and Galleria, which target various
customer profiles and provide greater appeal to shoppers through
a wider range of brands and enhanced shopping ambience.
The exciting new tenants introduced into Suntec City Mall during
the year included restaurants such as Ootoya, Killiney Café, Seoul
Yummy and Gurney Drive; fashion boutiques Samuel & Kevin, Red
2 and Bossini, and concept shops such as The Travel Store, Jivetime,
Times the Bookstore, Flexa Shop, Furniture & Furnishings and
Groove Dance School, amongst others.
As at 31 December 2010, 53.5% of the total gross retail revenue for the
month of December 2010 was attributed to the Fashion and Food and
Beverage sectors, and the remaining from other varied sectors such
as the services / educational, hypermarket, leisure and entertainment
and electronics sectors.
In terms of net lettable area, as at 31 December 2010, 19.6% of Suntec
City Mall's net lettable area for the month of December 2010 was
attributed to the Food and Beverage sector, followed by 17.3% and
16.5% from the Hypermarket sector and Leisure and Entertainment/
Sports and Fitness sector respectively.
The top 10 retail tenants of Suntec City Mall contributed 11.9% of
Suntec City's total gross revenue for the month of December 2010,
representing 40.2% of the mall's total net lettable area.
Based on the committed leases as at 31 December 2010, 21.6%,
31.3% and 28.1% of Suntec City's total retail net lettable area is
due to expire in FY 2011, FY 2012 and FY 2013 respectively, whilst
16.9% is due to expire in FY 2014 and beyond.
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Suntec Singapore International Convention and Exhibition Centre (“Suntec Singapore”) is a world-class venue located at the heart of Asia’s most integrated meetings, conventions and exhibitions hub. With more than one million sq ft of versatile floor space over six levels, this award-winning facility can cater to events from 10 to 20,000 persons, offering direct access to 5,200 hotel rooms, 1,000 retail outlets, 300 restaurants within close proximity to Singapore’s entertainment and cultural attractions. Suntec REIT holds a 20 percent interest in Suntec Singapore through its whollyowned subsidiary.
Since 1995, Suntec Singapore has hosted close to 15,000 events within its premier convention facility, including key notable events such as the World Trade Organization Ministerial Meetings in 1995, the Annual Meetings of the Board of Governors of the International Monetary Fund and World Bank Group in 2006 and the APEC Leaders Week in 2009. It served as one of the largest sporting venues for the inaugural Youth Olympic Games in 2010.
Suntec Singapore has received numerous international, regional and local accolades and awards since its inception, in recognition of its high standards of service excellence, dedication and passion. In 2010, it has garnered the “Asia’s Leading Meetings and Conference Centre” award at the World Travel Awards 2010, “Best Convention and Exhibition Centre” award at the TTG Travel Awards 2010, “Silver Award – Best Overseas Conference Centre” at the Meetings and Incentive Travel Award 2010 and “Best Convention and Exhibition Centre” & “Best MICE Sales Team” awards at the CEI Asia Industry Awards 2010.
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