Strong Portfolio Occupancy
Portfolio occupancy increased to 97.3%, with high tenant retention and rental reversion.
Positive Rental Reversion
Retail rental reversion was positive at 8.5% for 2023, with good demand from retailers.
Successful Portfolio Reconstitution
Completion of acquisitions and asset enhancements led to stable operating metrics and valuation uplift in Singapore.
Debt Management and Cost Control
Average cost of debt increased by only 10 basis points due to active cash management and refinancing strategies.
Strategic Asset Enhancements
Upgrade of IMM mall with 70% pre-commitment and plans for further assets enhancements in Singapore and overseas.