Wednesday, May 21, 2008

Ascott Residence Trust Portfolio Overview


Property name Somerset Gordon Heights, Melbourne
Description Comprising 43 fully-furnished studios, one and two-bedroom apartments and two-bedroom penthouses, the property boasts facilities such as a restaurant, advanced security system, roof-top barbeque area with a gymnasium, sauna, spa and steam room, daily housekeeping service, free laundry facilities and valet dry cleaning.
Title Freehold estate
Number of Apartment
Units Owned
NLA (Sq m) 2,137
Appraised Value (S$million) 14.7


Property name Ascott Beijing Somerset Grand Fortune Garden Property, Beijing Somerset Xu Hui, Shanghai Somerset Olympic Tower Property, Tianjin
Description A 21-storey building with 310 Apartment Units located in the prime Chaoyang district of Beijing. 221 furnished Apartment Units in a 23-storey tower and a 26-storey tower. A 32-storey building with a 5-storey commercial podium and a basement car park. A 30-storey mixed development property located in the Heping District, with 185 serviced residence units and a three-storey retail podium.
Title Leasehold estate of 70 years expiring on 7 February 2066 Leasehold estate of 70 years expiring on 27 August 2068 Leasehold estate of 70 years expiring on 22 June 2066 Leasehold estate of 70 years expiring on 19 November 2062
Number of Apartment
Units Owned
310 81 167 185
NLA (Sq m) 59,422 15,899 17,805 25,043
Appraised Value (S$million) 203.7 52.9 64.6 80.3


Property name Ascott Jakarta Somerset Grand Citra, Jakarta Country Woods, Jakarta
Description 198 Apartment Units in a 24-storey tower with two adjoining towers on a two level basement. 163 Apartment Units in a 24-storey eastern-facing tower and 40 rental housing units in the western-facing tower located in a prime district in Jakarta. Comprises 36 townhouses, 78 bungalows and 137 Apartment Units located in the heart of South Jakarta.
Title Leasehold estate of 20 years expiring on 31 March 2024 Leasehold estate of 30 years expiring on 14 August 2024 Leasehold estate of 20 years expiring on 22 October 2025
Number of Apartment
Units Owned
198 203 251
NLA (Sq m) 21,371 29,666 48,490
Appraised Value (S$million) 35.2 46.4 23.8


Property name Somerset Azabu East, Tokyo Somerset Roppongi, Tokyo Asyl Court, Gala, Joy City and Zesty Rental Housing Properties in Tokyo
Description Comprising 79 fully-furnished studio and one-bedroom apartments, the 14-storey Somerset Azabu East, Tokyo is located in the upscale Azabu district of Minato-ku in Tokyo’s Central Business District and is within walking distance to the Akabanebashi, Shibakoen and Kamiyacho subway stations. Comprising 64 studio, one-bedroom and two-bedroom apartments, the 13-storey building with one basement level is in the heart of Minato-Ku within Tokyo's Central Business District and a 5-minute walk from the Roppongi subway station. 18 rental housing properties strategically located in eight wards in Tokyo, including Shinjuku and Bunkyo. The properties comprise purpose-built studio and one-bedroom apartment units. All are within walking distance to the Tokyo subway, other public transportation, restaurants and supermarkets.
Title Freehold Freehold Freehold
Number of Apartment
Units Owned
79 64 509 rental housing apartment units
NLA (Sq m) 4,019 3,542 13,318 sqm
Appraised Value (S$million) 75.0 57.8 158.6

The Philippines

Property name Ascott Makati Somerset Millennium, Makati Somerset Salcedo Property, Makati
Description Located in Glorietta 4 Ayala Center in the heart of Makati City's central business district, the 21-storey Ascott Makati is close to the headquarters of numerous multinational corporations and financial institutions. A 31-storey building with two basement levels, a penthouse and rooftop helipad. A building comprising 150 Apartment Units and 180 parking lots.
Title Contract of lease of 48 years expiring on 6 January 2044, with an option to renew for another 25 years upon the mutual agreement of the parties Freehold estate Freehold estate
Number of Apartment
Units Owned
306 138 (of which 69 have been leased from unrelated third parties) 71 (And 71 parking lots)
NLA (Sq m) 34,282 4,448 5,901
Appraised Value (S$million) 98.7 14.9 14.6


Property name Somerset Grand Cairnhill, Singapore Somerset Liang Court Property, Singapore
Description A 32-storey building with a 24-storey tower of serviced apartments above a 8-storey podium accommodating a mosque, car parks and retail/entertainment/office. 195 Apartment Units in a 26-storey tower adjoining the Liang Court Shopping Centre.
Title Leasehold estate of 99 years expiring on 10 June 2082 Leasehold estate of 97 years 30 days expiring on 1 May 2077
Number of Apartment
Units Owned
144 195
NLA (Sq m) 18,629 16,908
Appraised Value (S$million) 220.4 183.0

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