Address

Ang Mo Kio Avenue 10, Ang Mo Kio Industrial Park I

Type / Use Light Industrial Park
Title

Leasehold estate, expiring 2052

Acquisition Date

19 November 2002

Net Lettable Area 58,990 sqm
Book Value (1) $115.0 million
Purchase Price $105.3 million
Vendor

Ascendas Land (S) Pte Ltd

Valuation (2) $115.2 million
Major Tenants

Univac Precision Engineering; Enzer Electronics; Mappin Singapore ; Proway Engineering

Notes:

(1) As at 31 May 2004
(2) As at 1 June 2004 . The valuation was based on the Income Method, Direct Comparison Method, Replacement Cost Method & Discounted Cash Flow Analysis