Investment Portfolio
Overview
Suntec City
One Raffles Quay
MBFC Properties
9 Penang Road
177 Pacific Highway
Southgate Complex
Volume:
4,338,400
High:
1.80
Low:
1.79
Change:
0.00
Closing:
1.80
Suntec City is an iconic integrated commercial development located in the Marina Bay Precinct within Singapore’s Central Business District.

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 malls, 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.
Suntec REIT owns a NLA of approximately 1.3 million 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 large 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 mall, Suntec City Office draws a good stream of diverse multinational firms ranging from sectors such as Technology, Media and Telecommunications, Banking, Insurance and Financial Services and Shipping and Freight Forwarding.

For the month of December 2016, 28.9% of the total gross office revenue was attributable to the Technology, Media and Telecommunications sector, followed by 22.0% and 9.3% from Banking, Insurance and Financial Services sector and Shipping and Freight Forwarding sector respectively. In terms of NLA, as at 31 December 2016, 29.0% of Suntec City’s office NLA was attributable to the Technology, Media and Telecommunications sector, followed by 23.1% and 9.3% from Banking, Insurance and Financial Services sector and Shipping and Freight Forwarding sector respectively.

The top 10 office tenants of Suntec City office contributed 16.7% of Suntec City’s total gross revenue for the month of December 2016, representing 30.1% of the Suntec City office NLA owned by Suntec REIT.
Suntec City mall is one of Singapore’s largest malls and a leading shopping destination, 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 for exhibitions, seminars and conferences.

The remaking of Suntec City commenced in June 2012 and was completed in June 2015. After the remaking, Suntec City is now an exciting, lifestyle destination offering a well-selected range of specialty retail stores, new food and beverage concepts and entertainment options. Suntec City currently houses approximately 340 retail establishments. New brands that opened in 2016 include new-to- market concepts and flagship stores such as 2XU, 5:5, Bed Bath N’ Table, Fujifilm Studio, Gudetama Café, Javier’s Market, KURO Izakaya, Mi Home, Richard’s Atelier, Superdry, The Butcher’s Kitchen, Tokyu Hands, Tuk Tuk Cha & Love Mee, Typo and Wingstop.

For the month of December 2016, 53.8% of the total gross retail revenue was attributable to the Food and Beverage and Fashion and Accessories sectors, and the remaining from other varied sectors such as Hair, Beauty and Wellness, Leisure, Fitness and Entertainment, Services and Others and Electronics and Technology. In terms of NLA, as at 31 December 2016, 25.9% of Suntec City mall’s NLA was attributable to the Food and Beverage sector, followed by 19.5% and 12.6% from the Fashion and Accessories sector, and Leisure, Fitness and Entertainment sector respectively.

The top 10 retail tenants of Suntec City contributed 8.7% of Suntec City’s total gross revenue for the month of December 2016, representing 29.3% of the mall’s total NLA.
Suntec Singapore Convention & Exhibition Centre (“Suntec Singapore”) is a world-class meeting, convention and exhibition venue. This award-winning facility can cater to events from 10 to 20,000 persons, offering direct access to 5,800 hotel rooms, 1,000 retail outlets and 300 restaurants within close proximity to Singapore’s entertainment and cultural attractions.

Since 1995, Suntec Singapore has hosted many key notable events such as the World Trade Organization Ministerial Meetings in 1996, 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 also served as one of the largest sporting venues for the inaugural Youth Olympic Games in 2010.

Following the completion of the asset enhancement works in June 2013, conference delegates at the transformed Suntec Singapore can enjoy new facilities which incorporate enhanced flexibility, functionality and convertibility. Another new highlight is the impressive three-storey high definition digital wall comprising 664 full HD LED screens which was awarded the Guinness World Records title for "Largest High Definition Video Wall".

In 2016, Suntec Singapore hosted approximately 1,400 events. It also received numerous international, regional and local accolades and awards in recognition of its high standards of service excellence, dedication and passion. The awards received include “Best Corporate MICE Venue” at the HRM Asia Readers Choice Awards 2016, ”Best Convention & Exhibition Centre” at the 27th Annual TTG Travel Awards 2016, “Convention & Exhibition Centre in Singapore – Editors’ Choice Award” by CEI Asia and the 11th consecutive award for “Asia’s Leading Meetings & Conference Centre” at the World Travel Awards 2016.
HOME | About Suntec REIT | The Manager | Investment Portfolio | Investors | NewsROOM | SITEMAP | CONTACT US
Feedback | Terms & Privacy Policy | Disclaimer