Singapore Press Holdings (SPH)

[KopiKat]

My "best" figures, which I computed from CMT AR2010 using Gross Revenue / NLA / 12,

Tampines Mall : $16.37
Junction 8 : $16.38
Lot 1 : $14.65
Bukit Panjang Plaza : $12.65

The numbers in the MCT prospectus excludes turnover component, so this probably accounts for the difference with your numbers.

After drilling down the details, SPH's audacious bid looks bold but not totally outrageous if net yield expectations are kept modest...

I think most likely the CMT Individual Mall Gross Revenue figures include non-NLA ones like Car Park revenue and the Temporary Kiosks eg. for CNY, we can see many Temp Kiosks in the Mall's Atrium or Open Area selling CNY goodies. I heard that for a 100-200sf stand, it can cost $500-$1k/day.