SEO Version
ANNUAL REPORT 2011
Description of Property
Type
Leasehold term Location
31 December
2011
31 De
%
Balance brought forward
9
123 Genting Lane
(10)
General Industrial
60 years wef 1
September 1981
123 Genting Lane
100
30 & 32 Tuas Avenue
8
(10)
General Industrial
30 years wef 1
September 1996
(3)
30 & 32 Tuas
Avenue 8
100
21 Joo Koon Crescent
General Industrial
30 years wef 16
February 1994
(3)
21 Joo Koon
Crescent
100
39 Ubi Road 1
General Industrial
30 years wef 1
January 1992
(3)
39 Ubi Road 1
100
6 Woodlands Loop
General Industrial
30 years wef 16
September 1994
(3)
6 Woodlands Loop
100 1
Investment properties, at valuation
1,0
Other assets and liabilities (net)
(3
Net assets
6
(1)
The valuation of 9 Tai Seng Drive excludes the present value of income support component of $3.6 million.
(2)
The Trust has an option to renew the land lease term for a further term of 23 years upon expiry.
(3)
The Trust has an option to renew the land lease term for a further term of 30 years upon expiry.
(4)
The Trust has an option to renew the land lease term for a further term of 31 years upon expiry.
(5)
The Trust has an option to renew the land lease term for a further term of 20 years upon expiry.
(6)
The Trust has an option to renew the land lease term for a further term of 21 years and 4 months upon expiry.
(7)
The Trust has an option to renew the land lease term for a further term of 18 years upon expiry.
(8)
As at 29 March 2011, the master tenant of 1 Tuas Avenue 4, Premier G&U Districenters Pte Ltd, defaulted on its rental and fled for vol
lease was secured by a security deposit of 12 months rent, which has been used to offset rental arrears and shortfalls.
(9)
The valuation of 6 Woodlands Loop excludes the present value of income support component of $0.9 million.
(10)
Initial IPO properties acquired on 26 November 2010 (“Listing Date”) (“Initial Properties”).
The accompanying notes form an integral part of these fnancial statements.
Sabana AR 2011 Financial V9.indd 73
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