“Over the years, we have achieved significant scale, established a strong integrated retail mall business platform and have also gained a proven track record in accessing competitive international capital. These will give us the competitive edge to further our expansion, thus strengthening our position as one of the leading retail mall owners/ managers in Asia.”
Mr Pua Seck Guan
CEO, CapitaLand Retail Limited

Clarke Quay, Singapore	VivoCity, Singapore

CapitaLand Retail Limited (CRTL) is the retail property business unit of the CapitaLand
Group and one of Asia’s biggest mall owners and managers. It has a portfolio of more than
92* malls in Singapore, China, India, Japan and Malaysia, comprising a total of over 42.3 million sq ft of Net Lettable Area (NLA). Formed in 2004, CRTL is also the largest retail mall owner and manager in Singapore with 16 malls, comprising a total of over 5.3 million sq ft of net
lettable space.

CRTL continually stays ahead of the curve through innovation and the introduction of
creative and novel retail concepts, to transform malls from functional property space into
living, powerful social magnets that attract shoppers and tenants. It focuses on improving existing property yields through asset enhancement and active property management.
CRTL leverages on its successful business model to collaborate with local and foreign
partners, and grow its regional footprint.

2006 was another landmark year for CRTL, as its milestone projects put it on the regional retail mall business map and helped it redefine the retail landscape here and abroad.

Singapore
Domestic demand was at its most positive in recent years, underpinned by Singapore’s economic growth and improvement in the job market. Nevertheless, Singapore still remains “under-shopped” compared to regional destinations like Hong Kong and Japan, as well as other developed markets like Australia and the US. However, government efforts to double tourism arrivals to 17 million and triple tourism receipts to S$30 billion by 2015 should boost retail spending. Therefore, the retail sector growth potential is huge and it is expected to outperform other property sectors over the long term.

In 2006, one of CRTL’s mega projects was the S$85-million transformation and re-launch of Clarke Quay, which turned it into Singapore’s premier lifestyle riverfront precinct, a must-see tourist destination with world-class food and beverage outlets and entertainment. Clarke Quay’s successful rejuvenation is a strong testament to CRTL’s retail expertise in not only developing and managing malls, but also pushing the boundaries of ambience and panache. CRTL also continued to rejuvenate its suburban malls like IMM, Tampines Mall and Junction 8 to ensure that they remain relevant to consumers and shoppers. In addition to its portfolio of 15 retail malls, CRTL also manages VivoCity, Singapore’s largest retail mall, and contributed to its huge success – within two months of its soft launch, VivoCity had welcomed more than 8.16 million visitors. Orchard Turn development, an iconic retail-cum-residential project, is set to redefine shopping in the core Orchard Road area when it is ready by end-2008.

* This number includes those covered under the 15 January 07 MOU signed between CapitaRetail China Development Fund and various Chinese parties to acquire over 35 retail malls located in major provinces and cities.