Property developer Keppel Land says its second quarter net profit rose 20.3 per cent on year to S$70 million. This was largely driven by strong residential sales in Singapore and China, and growth in its fund management and property investment businesses. But revenue for the quarter fell about 19 per cent to S$202 million. The Reflections at Keppel Bay development was one of the projects that Keppel...
Keppel Land
Keppel Land said it has used about S$76 million of the net proceeds from its rights issue last year to fund a quarter of the cost to develop its newly acquired condominium site located at Boon Lay Way and Lakeside Drive. Keppel plans to develop about 550 homes at the site. These will include 1 to 4 bedroom units, as well as penthouses, ranging from 500 square feet to 1,400 square feet each. The project...
The Urban Redevelopment Authority (URA) has awarded the tender for the residential site at Boon Lay Way and Lakeside Drive to Keppel Land Mayfair. The company submitted the highest tender for the site at S$302.9 million, or about S$5,370 per square metre, per gross floor area. In a statement, developer Keppel Land says it plans to develop about 550 homes of sizes ranging from 500 square feet to 1,400...
The tender for the land parcel at Boon Lay Way and Lakeside Drive has attracted the highest bid for a residential site this year. Keppel Land Mayfair, a subsidiary of Mainboard-listed Keppel Land, has submitted the highest bid of $302.98 million for the 1.6-hectare site which can potentially yield 525 units. This was a tad higher than the $302-million bid from Sim Lian Land for the tender of a 3.2ha land...
The tender for a residential site at Boon Lay Way and Lakeside Drive has attracted the highest bid of about S$303 million from Keppel Land. The bid by Keppel Land Mayfair works out to about $483 per square foot per plot ratio. At the close of the tender, the Urban Redevelopment Authority (URA) says that a total of 14 bids were received for the site. The next highest bid came from MCC Land at S$263...
KepLand property fund unit positive on residential, office, retail and hospitality EMERGING economies may be all the rage, but Keppel Land's property fund manager Alpha Investment Partners still sees good returns coming from matured Asian markets. Alpha is positive on the residential, office, retail and hospitality sectors in 'core' markets such as Singapore, Hong Kong, South Korea and Taiwan. The one...
ROBUST residential sales in markets across Asia, in the wake of the economic recovery, sent first quarter net profits rocketing by 75.3 per cent at Keppel Land. The developer reported earnings of $64.7 million for the three months to March 31, while revenue rose a more modest 9 per cent to $158.8 million, compared with $145.7 million in the same period last year. Keppel Land's property trading segment...
Boost from strong residential sales, property investment and fund mgt units KEPPEL Land yesterday reported a 75 per cent climb in Q1 2010 net profit to $64.7 million - from $36.9 million a year ago - on the back of robust residential sales and better contributions from its property investment and fund management units. Revenue for the three months ended March 31, 2010, was $158.8 million, up 9 per cent...
Mainboard-listed developer, Keppel Land, said on Tuesday its first quarter net profit surged 75.3 per cent on-year to S$64.7 million. Revenue rose 9 per cent to S$158.8 million for the three months ended March 31. Keppel said the improved performance came on the back of robust residential property sales in Singapore and overseas. Net profit from its property trading arm grew 53.6 per cent to S$48.7...
It plans to launch more waterfront homes in S'pore KEPPEL Land is upbeat about the prospects for residential property in Singapore and other key markets it operates in, it says in its latest annual report. In 2009, the developer sold 384 homes in Singapore and about 3,100 overseas. Keppel Land now intends to push out more waterfront homes in Singapore. After Caribbean at Keppel Bay and Reflections at...