Two Singapore property companies CapitaLand and Keppel Land are investing some US$218 million in the real estate market in Vietnam. CapitaLand signed a joint venture agreement with Vietnamese partner No Va Land Investment Group to develop a 9,000 square metre residential site, worth US$40 million in Ho Chi Minh City. Keppel Land signed two joint venture agreements. The first is to jointly develop a 9.8...
Keppel Land
Keppel Land has posted a 10-per-cent decline in its third quarter net profit to $70.1 million from a year ago. This is largely because of lower revenues from its hotel and resort, and property trading segments. For the three months ended Sept 30, the developer posted sales of $149 million, down 34.5 per cent on-year. On the residential front, KepLand said there is cautious sentiment in the market...
Keppel Land has acquired two prime residential sites in China for a total of S$376 million. The two sites are in Chengdu, Sichuan province, and were acquired through its wholly-owned subsidiary Keppel Land China. The first acquisition is a 5.1 hectare area located near Dongdajie, which is Chengdu's financial district. The other is for two separate sites with a combined land area of 25 hectares. This is...
Keppel Land is collaborating with luxury Italian interior and furniture design company Saporiti Italia to furnish Reflections @ Keppel Bay, which is slated for completion in 2012. The premier waterfront residences development features 1,129 luxurious waterfront units along a 750m shoreline, all with prominent views of Mount Faber, a golf course, lush parks and the bay. Currently, 97 percent of the 800...
The once sleepy Tanjong Pagar district looks set for another boost that could turn the area into one of the most prized downtown residential districts. The Keppel group yesterday unveiled a billion-dollar asset reshuffle that will see it put up a massive residential development at its flagship buildings - Keppel Towers and GE Tower - in the heart of the area, whose skyline already boasts the Icon Loft...
Property developer Keppel Land plans to sell one-third stake of its Phase One of Marina Bay Financial Centre (MBFC) to K-REIT Asia for about S$1.4 billion. This is part of an asset swap agreement with K-REIT, a real estate investment trust. Under the deal, K-REIT will in turn sell Keppel Towers and GE Tower (KTGE) to Keppel Land for S$573 million. The one-third stake of Marina Bay Financial Centre Phase...
Alpha Investment Partners (AIP), the wholly-owned real-estate fund management arm of Keppel Land, has made a structured investment of US$210 million ($274.9 million) in Seoul Square, Korea, under its US$1.2 billion Macro Trends Fund (AAMTF). Located in the heart of the City Hall area, the 23-storey Seoul Square has a total rentable area of 1,429,509 sf of prime Grade A office space. The building has been...
Keppel Land says it will strengthen its focus in China through a wholly-owned subsidiary, Keppel Land China, which is being established to own and operate all of Keppel Land's properties in the country. Building on the Keppel Group's strong network and track record in 20 cities across China, Keppel Land currently has a total gross floor area (GFA) of 5.3 million square metres which translates to more than...
Developer Keppel Land has acquired an additional 66 hectares of a waterfront site in Zhongshan in China's Guangdong province. This now completes Keppel Land's acquisition of an 86 hectare site for its first waterfront residential cum marina development in China. Keppel Land had first announced in April 2008 its interest to develop premium waterfront homes in the affluent Pearl River Delta region of...
Keppel Land is set to redevelop Tower 2 of its Barclays House complex in Jakarta's central business district, the property giant announced yesterday. Indonesia's booming economy has led to increased demand for office space and Mr Ang Wee Gee, executive director and chief executive officer (international) of Keppel Land International Limited, said: "Our new office tower will meet the demand of tenants...