PROPERTY PORTFOLIO
19.7%
12.7%
11.4%
10.7%
6.5%
4.7%
4.5%
4.2%
3.5%
3.2%
% CONTRIBUTION TO RENTAL INCOME OF
TOP 10 TENANTS FOR FY 2015
LEASE EXPIRY ANALYSIS BY
PASSING RENTAL INCOME
AS AT MONTH OF EXPIRY
TENANT MIX BY RENTAL
INCOME FOR FY 2015
32%
32%
11%
13%
6%
3%
3%
1%
9%
78%
12%
2016
2017
Entertainment
F&B
Beauty &
Wellness
Supermarket
2018
2019
Lifestyle, Fashion
& Recreation
Education &
Services
Others
PROPERTY PORTFOLIO
(1)
The property was valued by Knight Frank Pte Ltd using a combination of Capitalisation and Discounted Cash Flow approaches.
(2)
Rental income of tenants are not reflective of full-year rentals as new tenants have progressively commenced their leases during FY 2015.
Claymore Connect is within a short walking distance of Orchard MRT station, situated at the junction of Scotts Road, Paterson Road and
Orchard Road. Its main entrance is along Claymore Road, with direct access to Orchard Hotel from the mall’s mezzanine floor and Level 2.
The redeveloped mall received its TOP in March 2015 and was officially opened on 8 October 2015.
Joining the ranks of family-oriented malls on Orchard Road, the newly refurbished mall with enhanced retail offerings caters to the growing
captive residential population in the nearby precincts of Tanglin, Orchard and Claymore, given the increasing number of residential
developments in these areas. Orchard Hotel guests are able to enjoy the convenience of the F&B outlets, beauty, wellness and lifestyle
services at the mall.
Apart from the anchor tenant Cold Storage, Claymore Connect features tenants such as MapleBear Singapore – an early education centre
offering Canadian education philosophies and practices, combined with Singapore's bilingual literacy curriculum and Ch’i Life Studio –
Singapore’s Premier International Martial Arts Studio for children and adults of all ages. Housing the very first of its kind in Singapore,
Claymore Connect is also home to Trehaus – a co-working space complete with child play and learning facilities, offering adults a space to
work and meet, while their children are being engaged and supervised by caring minders.
The mall also offers a diverse range of food and beverage selections such as Mon Bijou, an artisanal bistro featuring all-day dining favourites
and French pastries and desserts; Hua Ting Steamboat, a gourmet Cantonese hotpot offering by the renowned Hua Ting restaurant;
sandwiches and salad offerings from international chain, Subway; Jewel Coffee, a leading purveyor of third-wave coffee in Singapore and
South-East Asia’s leading chain of wine shops – Wine Connection.
In addition, the mall also offers a number of lifestyle and fashion retailers such as Maharaja’s Custom Tailors, one of Singapore’s leading bespoke
men’s and womenswear specialists established since 1958 and House of Fine Jewels, offering a wide collection of precious gems and jewellery
in exquisite designs. Claymore Connect also features a number of beauty and wellness outlets ready to pamper discerning patrons.
PROPERTY DETAILS
Net lettable area (including Galleria):
Approximately 7,100 sq m
Car park facilities:
The car park facilities are shared with Orchard Hotel
Title:
75-year leasehold interest commencing from 19 July 2006
Vendor:
City Hotels Pte. Ltd.
Purchase price at 19 July 2006:
S$34.5 million
Valuation
(1)
as at 31 December 2015:
S$106.0 million
FY 2015 KEY FINANCIALS
Rental income:
S$4.4 million
(2)
Net property income:
S$2.2 million
(2)
Total number of tenants as at 31 December 2015:
18
Committed occupancy rate as at 31 December 2015:
80.1%
57
Annual Report 2015
