(Constituted in the Republic of Singapore pursuant to a Trust Deed dated 25 August 2005 (as amended))
ANNOUNCEMENT VALUATION OF PROPERTIES IN MAPLETREE PAN ASIA COMMERCIAL TRUST GROUP28 April 2026 - In compliance with the Monetary Authority of Singapore "Code on Collective Investment Schemes Appendix 6 - Property Funds" ("Code of Collective Investment Schemes") and pursuant to Rule 703 of the Singapore Exchange Securities Trading Limited Listing Manual, MPACT Management Ltd., as manager of Mapletree Pan Asia Commercial Trust ("MPACT" and as manager of MPACT, the "Manager"), wishes to announce that the Manager has obtained independent valuations as at 31 March 2026 for all properties owned by MPACT Group.
The aggregate value of MPACT Group's properties, including MPACT's 50% interest in The Pinnacle Gangnam, was S$15,211.1 million as at 31 March 2026. The valuation details for the respective properties are set out below.
Owner | DBS Trustee Limited (as Trustee of Mapletree Pan Asia Commercial Trust) |
Date of Valuation | 31 March 2026 |
S/No. | Description of Property | Valuation | Valuer |
Singapore | |||
1 | VivoCity 1 HarbourFront Walk, Singapore 098585 | S$4,062.0 million | Edmund Tie & Company (SEA) Pte Ltd |
2 | Mapletree Business City I1 10, 20, 30 Pasir Panjang Road, Singapore 117438 / 117439 / 117440 | S$2,372.0 million | Knight Frank Pte Ltd |
3 | Mapletree Business City II Part 20, 40, 50, 60, 70, 80 Pasir Panjang Road, Singapore 117439 / 117383 / 117384 / 117385 / 117371 / 117372 | S$1,670.0 million | |
Note: Where "Hong Kong" or "HK" is mentioned, it refers to the Hong Kong Special Administrative Region.
1 Comprising the strata lease over level two to the rooftop of the office and business park components.
MPACT Management Ltd.10 Pasir Panjang Road, #13-01 Mapletree Business City, Singapore 117438 Tel 65 6377 6111 https://www.mapletreepact.com Co Reg No 200708826C
S/No. | Description of Property | Valuation | Valuer |
4 | mTower (excludes 17th-21st, 33rd & 39th storeys) 460 Alexandra Road, Singapore 119963 | S$827.0 million | Knight Frank Pte Ltd |
5 | Bank of America HarbourFront 2 HarbourFront Place, Singapore 098499 | S$360.0 million | |
Sub-total for Singapore | S$9,291.0 million | ||
Greater China | |||
6 | Festival Walk (excludes office component)2 No. 80 Tat Chee Avenue, Kowloon Tong, Hong Kong | HK$20,700.0 million (S$3,387.1 million) | Knight Frank Petty Limited |
7 | Gateway Plaza No. 18 Xiaguangli, East 3rd Ring Road North, Chaoyang District, Beijing, The People's Republic of China | RMB 5,290.0 million (S$982.6 million) | |
8 | Sandhill Plaza Blocks 1 to 5 and 7 to 9, No. 2290 Zuchongzhi Road, Pudong New District, Shanghai, The People's Republic of China | RMB 2,070.0 million (S$384.5 million) | |
Sub-total for Greater China | S$4,754.2 million | ||
Japan | |||
9 | Hewlett-Packard Japan Headquarters Building 2-1, Ojima 2-chome, Koto-ku, Tokyo, Japan | JPY 40,900.0 million (S$328.6 million) | Colliers International Japan KK |
10 | IXINAL Monzen-nakacho Building 5-4, Fukuzumi 2-chome, Koto-ku, Tokyo, Japan | JPY 8,540.0 million (S$68.6 million) | |
11 | Omori Prime Building 21-12, Minami-oi 6-chome, Shinagawa-ku, Tokyo, Japan | JPY 7,670.0 million (S$61.6 million) | |
12 | Higashi-nihonbashi 1-chome Building 4-6, Higashi-nihonbashi 1-chome, Chuo-ku, Tokyo, Japan | JPY 2,800.0 million (S$22.5 million) | |
13 | mBAY POINT Makuhari 6, Nakase 1-chome, Mihama-ku, Chiba-shi, Chiba, Japan | JPY 33,000.0 million (S$265.1 million) | |
2 The office component was divested on 2 February 2026.
S/No. | Description of Property | Valuation | Valuer |
14 | Fujitsu Makuhari Building 9-3, Nakase 1-chome, Mihama-ku, Chiba-shi, Chiba, Japan | JPY 9,910.0 million (S$79.6 million) | Colliers International Japan KK |
15 | Makuhari Bay Tower 8, Nakase 1-chome, Mihama-ku, Chiba-shi, Chiba, Japan | JPY 14,800.0 million (S$118.9 million) | |
Sub-total for Japan | S$944.9 million | ||
South Korea | |||
16 | The Pinnacle Gangnam3 (based on 100% of The Pinnacle Gangnam's valuation and lettable area) 343, Hakdong-ro, Gangnam-gu, Seoul, South Korea | KRW 516,100.0 million (S$442.0 million) | Colliers International (Hong Kong) Limited and Colliers International (Korea) Limited |
MPACT's 50% interest in The Pinnacle Gangnam | S$221.0 million | ||
Sub-total for South Korea | S$221.0 million | ||
Total value of MPACT Group's properties (including MPACT's 50% interest in The Pinnacle Gangnam) | S$15,211.1 million | ||
Based on exchange rates S$1 = HK$6.1113, S$1 = RMB 5.3839, S$1 = JPY 124.4818 and S$1 = KRW 1,167.5423.
Copies of the valuation reports will be available for inspection, only by prior appointment at the Manager's registered office during business hours, for three months from the date of this announcement.
3 Independent valuation as at 30 September 2025 was obtained for financing requirements.
For enquiries and inspection appointments, please contact:
Ms Cassandra SeetInvestor Relations & Sustainability DID: +65 6807 4064
Email: cassandra.seet@mapletree.com.sg
By Order of the Board Wan Kwong Weng
Joint Company Secretary MPACT Management Ltd.
(Company Registration No. 200708826C)
As Manager of Mapletree Pan Asia Commercial Trust
Important NoticeThe value of units in MPACT ("Units") and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by the Manager or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested.
Investors have no right to request the Manager to redeem their Units while the Units are listed. It is intended that unitholders of MPACT may only deal in their Units through trading on the SGX-ST. Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.
The past performance of MPACT is not necessarily indicative of the future performance of MPACT.