The American Club 2021/2022 Annual Report

PAGE 44 THE AMERICAN CLUB SINGAPORE ANNUAL REPORT 2021 / 2022

MEMBERSHIP

FY2015

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

364

515

309

337

422

259

365

455

Number of New Membership

4,983

7,445

4,230

3,225

4,132

2,855

4,618

7,710

Entrance Fee (S$’000)

0

42

1,422

12,005

29,917

17,509

1,994

156

Redevelopment Payments (S$’000)

FY2015

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

As at end

101,113

30,685

100,513

85,626

54,826

29,385

22,753

28,416

Total Reserves (S$’000)

3,569

3,509

3,440

3,314

3,325

3,276

3,316

3,398

No. of Closing Memberships

Entrance Fee (S$'000) & Closing Membership

3,100 3,150 3,200 3,250 3,300 3,350 3,400 3,450 3,500 3,550 3,600

1,000 2,000 3,000 4,000 6,000 7,000 8,000 9,000 5,000

7,710

7,445

4,983

4,618

4,230

4,132

3,225

2,855

3,316

3,314

3,398

3,325

3,276

3,440

3,569

3,509

FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 0

Closing Membership

Entrance Fee (S$'000)

Riding on the strong interest from the potential members in FY2021 as well as the Hong Kong fallout due to their Zero COVID-19 Policy, the Club attracted a total of 515 new Members in FY2022. This total is 60 more than the 455 new Members who joined in FY2021 and 151 more than those who joined in FY2015, pre-redevelopment. This increase in new Members helped to generate entrance fees of $5.75 million in FY2022. Additionally, The Club successfully converted the remaining 12 members under the Associate Family Transfer promotion and admitted 15 limited release of Non- transferable Associate Members, bringing the total entrance fees in FY2022 to $7.45 million.