CITY DEVELOPMENTS LIMITED ANNUAL REPORT 2021 OVERVIEW 2 3 G R O W T H In 2021, we continued to build our development pipeline and recurring income streams, driving portfolio growth in Singapore and our key overseas markets. With two highly successful residential launches in Singapore and sustained sales of our existing inventory, we achieved a new record for the highest annual property sales in our Group’s history. Overseas, we launched a mixed-use project in Melbourne and also acquired a development site in Brisbane that can yield 97 units. The Group continued to broaden our Private Rented Sector (PRS) portfolio, growing our footprint to enhance our recurring income segment. In 2021, we grew our global Private Rented Sector (PRS) portfolio through strategic acquisitions in the UK and Japan, which includes a 250-year leasehold site in Birmingham for the development of the 370-unit The Octagon, which will be the world’s tallest pure octagonal residential skyscraper when completed in 2025. RESHAPING CITYSCAPES Building a diversified portfolio RESIDENTIAL LAUNCH PIPELINE ~2,350 UNITS in Singapore NEW LAUNCHES Singapore IRWELL HILL RESIDENCES (540 units) & CANNINGHILL PIERS (696 units) Australia FITZROY FITZROY (Melbourne) (62 units) GLOBAL PRS PORTFOLIO (Operational & Under Development) 1,734 UNITS in the UK, Japan and the US PROPERTY DEVELOPMENT SINGAPORE RECORD $4.3 BILLION Irwell Hill Residences I Singapore Artist’s Impression * Includes Executive Condominiums (ECs) and share of joint venture (JV) partners. Property sales value achieved for 2,185 UNITS sold*
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