Keppel Land

'Robust' demand for Vietnam residential properties a positive for Keppel, says CGS-CIMB

SINGAPORE (Sept 30): The “robust” demand for residential property in Vietnam should bode well for Keppel Land, the property arm of Keppel Corp, according to CGS-CIMB Research.

The strong take up rate has been hovering from 80% to 90% since 2015. Albeit lower now, demand is still driven by an undersupply of properties, strong economic growth and delays in regulatory tightening,

This has resulted in higher prices across all residential segments.

Keppel Land China in JV to acquire, develop Nanjing mixed-use site

SINGAPORE (Aug 22): Keppel Corp’s China property arm is jointly developing 3.8ha of land in Nanjing, China, into a commercial and residential mixed-use property.

The site has a gross floor area of 99,248 sq m and can yield about 211 residential units, 342 commercial units and 79 shop units, said Keppel on Wednesday. Phase 1 is expected to be launched in 2Q20 and the entire project is slated for completion by 2024.

Keppel Logistics subsidiary UrbanFox expands to Vietnam and Malaysia

SINGAPORE (Aug 20): Logistics and e-commerce solutions provider UrbanFox, a subsidiary of Keppel Logistics, is enlarging its Southeast Asia footprint.

Leveraging Keppel Logistics’ network, UrbanFox says it is expanding to Vietnam and Malaysia to support brands there in meeting their business-to-business and business-to-consumer demands.

This includes handling logistic needs from warehousing, inventory management and last-mile fulfilment, as well as marketing products on online marketplaces.

Keppel Land to co-develop $425 mil residential development in Ho Chi Minh City

SINGAPORE (July 11): Keppel Land has acquired a 60% stake in three land parcels in Vietnam for $76 million to co-develop 2,400 premium apartments.

The conditional share purchase agreement for the three land sites was signed by Keppel Land’s wholly-owned subsidiary, Monestine, and Vietnamese developer, Phu Long Real Estate Corporation.

Keppel Land wins first green loan for Seasons City in Tianjin Eco-City

SINGAPORE (June 20): Keppel Land, through a wholly-owned subsidiary of Keppel Land China, has secured its first green loan facility of RMB 850 million ($170 million) from the HSBC Group China for the first phase of development of Seasons City in the Sino-Singapore Tianjin Eco-City.

This is the first green loan granted by the HSBC Group China to support the development of a property project in Mainland China, says Keppel Land, the property arm of Keppel Corp, in a Thursday filing after the market closed.

Keppel Land China acquires commercial property in China's Silicon Valley for $111 mil

SINGAPORE (Jan 1): Keppel Land China is acquiring a 11-storey commercial property in Zhongguancun, widely known as China's Silicon Valley for an aggregate cash consideration of RMB 555 million ($111 million).

On Dec 31, Keppel Corp announced wholly-owned subsidiary Tosalco has entered into an agreement with A Li Yun Shan (Beijing) Business Consulting Co. to secure a 100% stake in Beijing Chang Sheng Business Consulting Co which owns the property.

Keppel Land to take 50% stake in development of second residential project in Jakarta for $57 mil

SINGAPORE (Dec 18): Keppel Corporation’s property arm, Keppel Land, has entered into an agreement with leading Indonesian property developer PT Metropolitan Land Tbk (Metland) to jointly develop a 12-hectare residential site in the Metland Menteng township in East Jakarta, Indonesia.

The agreement, made through wholly-owned subsidiary, PT Sukses Manis Indonesia, will see Keppel Land hold a 50% stake in the joint operation, which will yield approximately 500 landed homes with ancillary shophouses for sale.

Keppel Land to co-develop up to $470 mil of residential developments in Jakarta

SINGAPORE (Dec 6): Keppel Land is jointly developing residential projects in Greater Jakarta with an investment value of up to IDR 5 trillion ($470 million).with Indonesian developer PT Metropolitan Land Tbk.

Under the agreement, Keppel Land and Metland will each inject an equal amount of capital for joint residential projects which will be operated and owned by the latter.

Wholly-owned subsidiary, Keppel Land (Indonesia) on Thursday signed a non-binding collaboration agreement with Metland.

Keppel Land in JV to develop its first commercial property in India

SINGAPORE (Oct 1): Keppel Land, the property arm of Keppel Corporation, is developing its first commercial property in India through a joint venture.

Subsidiary Keppel Puravankara Development (KPDL), a joint venture company with an Indian property developer, Puravankara, entered into agreements to acquire a prime 3.09ha site from Metro Cash & Carry India.

Keppel Land appoints Tan Swee Yiow as new CEO

SINGAPORE (Sept 28): Tan Swee Yiow, 58, CEO and executive director of Keppel REIT Management will take over as CEO of Keppel Land from Jan 1.

Prior to his current appointment, Tan was president, Singapore, at Keppel Land and concurrently head, Keppel Land Hospitality Management, and has been with the Keppel Group since 1990. He was the CEO of Keppel REIT Management when Keppel REIT was listed in April 2006, a role that he held till 2009.

Be informed of the stories that matter