Keppel Land (K17.SG) +1.5% at $3.99, holding near recent 52-week high of $4.09, as property group continues to secure tenants for its office assets in Singapore, according to Dow Jones.

ANZ Bank, BNP Paribas become latest tenants at Keppel’s Ocean Financial Centre, which will be completed in 2Q11, brings project’s pre-commitment rate to 63%.

“Pre-leasing activities at Keppel Land’s new developments are progressing as well as we have expected. The flight to quality phenomenon bodes well for Keppel Land,” says Kim Eng Securities, referring to tenants’ preference for newer buildings; keeps Buy call, $4.71 target.

Management’s guidance for rest of 2010 expected when company reports 2Q10 results July 20. 52-week high expected as resistance for time being.