FY22 Financial Highlights

• • • Solid residential sales in China Leveraged core capabilities to selectively replenish residential land bank and hand over units amid operational challenges Fortified residential portfolio with investments in three new Shanghai projects • • Club Tree¹ in Songjiang District, Galaxy Nanmen² and Upview Malu² in Jiading District Added healthy development pipeline of 3,689 residential units from the three projects Residential portfolio recorded strong sales . • . • Launched 1,826 Club Tree units and sold 91.4% (1,669 units) within ten months at an average selling price of S$10,928 per sqm³ (RMB54,209 per sqm) Sold out all 796 Galaxy Nanmen units with an average selling price of S$9,111 per sqm³ (RMB45,195 per sqm) Launched 1,013 Upview Malu units and sold 661 units on launch day with an average selling price of S$9,876 per sqm³ (RMB48,989 per sqm) Handed over 355 out of 359 Opus One4 units and 151 out of 154 Phase 6 Gemdale Megacity units on schedule, despite the two-month lockdown in Shanghai Steady sales of commercial projects . Sold six retail units, 45 carpark lots and Plot 1 ambient warehouse5 at Chengdu Logistics Hub and 1,622 carpark lots at Suzhou Baitang Residential Portfolio Activity in FY22 506 3,126 S$0.5 b Units settled6 Units sold 6,7 Unrecognised revenue8 Macro Drivers and Industry Trends 8M 2022 national residential sales area decreased 26.8% Y-o-Y to 744.0 million sqm while sales value dropped 30.3% Y-o-Y to RMB7,528.8 billion⁹ 9M 2022 Shanghai residential sales area dropped 7.1% Y-o-Y to 7.5 million sqm, while sales value increased 7.0% to RMB475.1 billion with inventory clear-up period at a healthy 5.7 months⁹ Chengdu office vacancy rate increased by 1.0% Q-o-Q to 24.8% in 3Q 202210 Galaxy Nanmen, Jiading, Shanghai, China 1. The Group holds 15% effective interest. 2. The Group holds 12% effective interest. 3. Based on exchange rate S$/RMB: 0.2016. 4. The Group holds 8.75% effective interest. 5. Comprises 18 warehouse units, 1 canteen, 487 carpark lots. 6. Including 100% of JV/Associate projects. 7. Including options signed. 8. Including the Group's effective interest in an associate and JVs. 9. CREIS 3Q 2022. 10. JLL 3Q 2022 Chengdu Commercial and Logistics Market Report. We are Frasers Property 55

View entire presentation