CITY DEVELOPMENTS LIMITED ANNUAL REPORT 2021 OVERVIEW 4 5 E N H A N C E M E N T RETHINKING SPACES Revitalising assets to propel future value As part of our active asset management strategy, we continue to focus on portfolio rejuvenation and Asset Enhancement Initiatives to reposition our assets, unlock value, drive operational efficiency and returns. In 2021, we unveiled the redevelopment of the former Liang Court site at Clarke Quay into one of the largest integrated redevelopment projects in the Central Area, with the launch of CanningHill Piers – the iconic 696-unit residence along the Singapore River. We have also embarked on another two large-scale rejuvenation projects in the area: the former Fuji Xerox Towers, Central Mall and Central Square sites will be transformed into mixed-used developments and enjoy Gross Floor Area (GFA) uplifts through redevelopment incentive schemes. 80 Anson Road I Singapore Artist’s Impression ASSET REJUVENATION Redevelopment of mature assets CANNINGHILL PIERS (former Liang Court site) Part of one of the largest integrated redevelopment projects in the Central Area with residential, retail and F&B, a hotel and serviced residence 80 ANSON ROAD (former Fuji Xerox Towers) Potential GFA uplift by 25% to ~655,000 sq ft under CBD Incentive Scheme CENTRAL MALL & CENTRAL SQUARE Potential GFA uplift by 67% to ~735,500 sq ft under Strategic Development Incentive Scheme GLOBAL PORTFOLIO ~23 MILLION SQ FT Total GFA of residential for lease, commercial and hotel space ASSET ENHANCEMENT INITIATIVES Singapore : Palais Renaissance, King's Centre and Tower Club – Ba Xian Dining Thailand : Jungceylon UK : Aldgate House and 125 Old Broad Street
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