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SINGAPORE
PROPERTIES
NGEE ANN CITY PROPERTY
Ngee Ann City
is home to luxury
brands, high-street
favourites, diverse
dining options, and
is popular with locals
and tourists.
Located on the prime stretch of bustling
Orchard Road, Ngee Ann City is easily
accessible to locals and tourists. It enjoys
connectivity to Orchard MRT station through
the underground pedestrian linkway to
Wisma Atria and other parts of Orchard Road
through the underpasses. Ngee Ann City is
also one of the largest malls along Orchard
Road and offers a comprehensive range of
retail offerings, making it the mall of choice
on Orchard Road.
Ngee Ann City Property consists of four strata
lots representing 27.23% of the total share
value of strata lots in Ngee Ann City. These
lots include retail and office spaces. As at
30 June 2017, Ngee Ann City Property (Retail)
was 100.0% occupied and Ngee Ann City
Property (Office) was 93.5% occupied.
DISTINCTIVE LANDMARK PROPERTY
The distinctive architecture of Ngee Ann
City makes it one of the most prominent
landmarks along Orchard Road. Ngee Ann
City comprises a podium with five levels
and two basement levels of retail space,
and three levels of car park space. Its twin
towers host 18 levels of office space each.
Home to many international brands, Ngee
Ann City’s upscale positioning has attracted
luxury labels such as Chanel, Goyard, Louis
Vuitton, Piaget and Roger Vivier, as well as
contemporary labels including Lululemon
Athletica, M.A.C., Red Valentino and Zara.
With its iconic retailers and dining options,
Ngee Ann City attracts the discerning
shoppers, families as well as tourists and
business travellers from neighbouring hotels.
TENANT MIX
For FY 2016/17, 77.1% of the Ngee Ann City
Property’s gross revenue was from retail
tenants and 22.9% from office tenants.
REPRESENTING
27.23%
OF
THE TOTAL SHARE VALUE
IN NGEE ANN CITY
STRATA LOTS
4
LEASEHOLD ESTATE
(EXPIRING ON 31 MAR 2072)
TENURE
69
YRS
INCLUDING ONE
MASTER TENANT
(AS AT 30 JUN 2017)
TENANTS
50
NET LETTABLE AREA
394,188
255,021
SQ FT
139,167
SQ FT
RETAIL
OFFICE
SQ FT
PURCHASE PRICE
M
S$
640.0
(AS AT 30 JUN 2017)
MARKET VALUATION
M
S$
1,150.0
36
STARHILL GLOBAL REIT ANNUAL REPORT FY 2016/17