CapitaMalls Asia year-to-date 2011 PATMI increases 25.7% to S$250.6 million (HK$1,506.8 million)

Mr Lim Beng Chee, CEO of CapitaMalls Asia, said, “Shopper traffic in our malls in Singapore
grew 2.9% in the first nine months of this year, compared to the same period last year. More
importantly, our tenants’ sales grew even faster in the same period, at 6.7%. This shows that
the additional shoppers we attract to our malls are spending more at our tenants’ shops. Our
Singapore malls also have an occupancy rate of more than 96.0%, which is higher than the
industry average.”
“In China, our malls achieved 20.6% growth in Net Property Income on a same-mall basis in the
first nine months of this year, compared to the same period last year. This came on the back of
strong growth in tenants’ sales and shopper traffic, which increased 13.3% and 8.4%
respectively in the first nine months of this year. We acquired the remaining stakes in two malls
in Shanghai – Minhang Plaza and Hongkou Plaza – and also announced our maiden project in
Suzhou to develop the largest shopping mall in the city.”
“We continued to build our industry-leading network of 10,000 leases in the region by
organising the inaugural Retail Global Connexion 2011 in Singapore last week, following the
success of our inaugural Retailers’ Forum in Chengdu in May. The Retail Global Connexion
was attended by more than 500 international and Singapore retailers and another 500
Singapore tertiary students. The successful retailers who spoke at the forum were the bosses
of Desigual, Daiso, Country Style Cooking, Awfully Chocolate, Eu Yan Sang, Jeric Salon and
Soo Kee Group.”
“These forums showcase our retailers and provide them with additional opportunities to meet
new investors, business partners, including franchisees, and potential employees. They also
highlight to our retailers our competitive advantage in helping them expand to our malls in the
other countries that we are present in, for our mutual growth. We will continue to explore ways
to add value to our retailers to help them grow, as their success is fundamental to our long-term success.”