ISSUE 5/2016 MCI (P) 113/09/2016

ACROSSBORDERSA KEPPEL LAND PUBLICATION

HIGHLIGHTS FOCUSED ON SUSTAINABILITY CONNECTING IN INDONESIA SOWING SEEDS1610 17

Leading deveLoper in

vietnam

THIS ISSUE

In Focus10 Focused on sustainability

Empowering Lives16 Connecting in Indonesia

Nurturing Communities17 Sowing seeds in the heart of the city

Towering feat

18 Doing good

Sustaining Growth04 Realising value

05 Seizing opportunities

06 Sharpening focus in Yangon

07 Maximising returns 08 Resilient results

09 Strengthening the board 13 Showcase in Saigon

Unlocking value from Keppel DC Singapore 3 14 Enhancing connectivity

Hallmarks of excellence

15 Unleashing the power of virtual reality

Published for Keppel Land by the Group Corporate Communications division ofKeppel Corporation Limited, 1 HarbourFront Avenue, #18-01, Keppel Bay Tower, Singapore 098632.

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Cover image: 518 units at The View at Riviera Point (pictured) were launched in October 2016.

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Our Accolades:

Mr Lawrence Wong (second from right), Minister for National Development and Second Minister

for Finance; Dr Lee Boon Yang (far right), Chairman of Keppel Corporation; Mr Loh Chin Hua (third from right),

CEO of Keppel Corporation and Chairman of Keppel Land; and Mrs Christina Ong (second from left),

Chairman of NParks, planted a Keppel Tree at the Keppel Discovery Wetlands at Singapore Botanic Gardens

affluence, there has been a shift in consumption and shopping habits in Shanghai. To capture greater value, we introduced new concepts and unique design layouts to Life Hub to entrench its position as a leading lifestyle destination mall.

“Thanks to these value-adding efforts, we have been able to realise an internal rate of return of over 20% on the sale of the development. This is testament to our ongoing efforts in ensuring that our investment discipline achieves the best returns for our investors.”

The retail mall is 97% leased while the office tower is fully occupied. The Group expects to recognise a gain of approximately $73 million from the divestment.

Life Hub was divested based on the property’s sale value of RMB 5.5 billion, which was close to a 70% premium over the original purchase price of RMB 3.3 billion three years ago.

This is an example of the successful collaboration between Keppel Land China and Alpha on innovative asset management and enhancement efforts to grow a profitable mall that enjoys high occupancy with international retailers.

0404

Realising valueIn their continuous effort to recycle capital for good returns, in September 2016, Keppel Land China and Alpha Investment Partners (Alpha) have divested their 80% stake in Sparkle Bright Holdings Limited (Sparkle Bright) which owns Life Hub @ Jinqiao (Life Hub), for US$517 million. Life Hubis a mixed-use development in Shanghai, China, to Star Champ Development Limited, a wholly-owned subsidiary of the Chongbang Group (Chongbang). Chongbang owns the other 20% stake in the development.

Keppel Land China held a 42.5% interest in Sparkle Bright, while Alpha Asia Macro Trends Fund II and a co-investor held the remaining 57.5% interest.

Keppel Land China and Alpha are wholly-owned subsidiaries of Keppel Land and Keppel Capital respectively. Keppel Land China’s 42.5% share of the consideration for the divestment is about US$219.7 million.

Mr Ang Wee Gee, CEO of Keppel Land, said, “Keppel Land

China’s collaboration with Alpha reflects how different business units are working closely together to harness the collective strengths of the Keppel Group. The divestment is in line with Keppel Land’s strategy to continually recycle assets to seek higher returns.”

Located in Shanghai’s Pudong District, Life Hub, which commenced operations in end-2009, features about 114,730 sm gross floor area (approximately 1.2 million sf) of retail shops as well as a 10-storey office tower with a retail podium.

Since acquiring the property in 2013, Keppel Land China and Alpha have been working with the mall operator to continuously enhance the tenant mix and shopping experience.

The active and innovative asset management and enhancement efforts have contributed to the retail mall achieving consistently high occupancy levels with a good mix of international and local retailers.

Asset enhancement works include the upgrading of facilities as well as reconfiguring the basement to optimise pedestrian flow.

Ms Christina Tan, CEO of Keppel Capital and MD of Alpha, said, “With rising

To capture greater value, Keppel Land China and Alpha worked with the mall operator to introduce new concepts and unique design layouts to Life Hub @ Jinqiao to entrench its position as a leading lifestyle mall

Sustaining Growth ISSUE 5 | 2016

05

Seizing opportunitiesSeizing growth opportunities in key Chinese cities, Keppel Land China has announced plans to acquire a newly completed retail development in Jiading District, Shanghai, China, for a total consideration of RMB 500 million (approximately S$102 million).The acquisition is expected to be completed by 1Q 2017.

The retail development has a gross floor area of 40,927 sm and a net lettable area of approximately 32,800 sm. It is part of a larger mixed-use development comprising offices, shops and residential towers.

With a strong track record of developing and managing numerous successful large shopping malls in Singapore, Keppel Land Retail Management was concurrently appointed manager of the mall.

Mr Ang Wee Gee, CEO of Keppel Land,said, "The acquisition is part of Keppel Land's strategy to seize opportunities in key Chinese cities such as Shanghai.

"We will leverage our expertise, network and retail management capabilities to enhance the value offerings to this community mall in the upcoming Jiading New City Core Area, where several new residential and commercial projects are coming up.

"The acquisition, coming closely after the divestment of Life Hub @ Jinqiao, is also in line with Keppel Land's strategy of recycling capital to seek the highest returns."

The retail mall is located within the Jiading New City Core Area and is directly linked to the Malu Bus Terminal and the Malu Station of MRT Line 11, enhancing connectivity to many residential districts in the North West region of Shanghai.

The mall is easily accessible via several highways, including the Huxiang, Hujia and Jiamin Highways.

Keppel Land will acquire a newly completed retail mall in Jiading District, Shanghai

Artist's impression

Sustaining Growth

ACROSS BORDERS

ISSUE 5 | 2016

Sharpening focus in Yangonwhich will offer a gross floor area of about 50,000 sm. The development will house the first Sedona Suites in Myanmar, which will comprise about 260 serviced apartments. Construction of Phase Two of Junction City is expected to commence in 2018.

Mr Ng Ooi Hooi, President, Regional Investments, Keppel Land, said, "We are confident of the long-term potential of Myanmar, and are committed to participating in and contributing to the growth of the country.

"Yangon continues to attract increasing foreign direct investments and multinational companies, and we believe that our developments will meet the needs for quality accommodation and business spaces."

In line with its strategy to sharpen its focus, not just on key countries, but in cities as well, Keppel Land is growing its portfolio in Myanmar with a focus on Yangon.

STRENGTHENING PRESENCE

In September, Keppel Land entered into a conditional joint venture agreement with Shwe Taung Group, one of Myanmar's reputable conglomerates, to develop premium serviced residences and offices in the next phase of Junction City, a landmark mixed-use development in Yangon's central business district.Keppel Land's investment in this next phase will be about US$48.6 million (approximately S$68 million).

The collaboration follows Keppel Land and Shwe Taung's first joint venture to develop Junction City Tower, a 23-storey Grade A office building in Phase One of Junction City, which was topped off in May 2016. When completed early next year, Junction City Tower will offer a net leasable area of about 33,400 sm of prime office space.

Keppel Land will hold 40% stake in the serviced residences and office component of Phase Two of Junction City,

Junction City is strategically located at the intersection of Shwedagon Pagoda Road and Bogyoke Aung San Road, and comprises Grade Aoffices, the five-star Pan Pacific Hotel, a lifestyle retail and entertainment centre as well as serviced residences. It also houses downtown Yangon's largest car parking facility offering more than 1,500 car park lots when fully completed.

UNLOCKING VALUE IN MANDALAY

In line with the Company’s strategy to recycle capital for higher returns, Keppel Land entered into a conditional sale and purchase agreement in October to divest its 100%

06 Sustaining Growth ISSUE 5 | 2016

Strengthening its presence in Yangon, Keppel Land entered into a conditional joint venture agreement with Myanmar’s Shwe Taung Group in September to develop premium serviced residences and offices in Phase Two of Junction City, a landmark mixed-use development in Yangon’s central business district

Maximising returnsKeppel Land has, through its two associated companies, CityOne Township Development Pte. Ltd. and Quivivet Pte Ltd, and their joint venture partner, entered into an agreement to divest its stakes in Chengdu Century Development Co., Ltd (CCDC) to Sichuan Zhong Tie Wen Rui Property Co. Ltd for a total consideration of RMB342.08 million (approximately S$69.81 million).

Keppel Land has an effective interest of 44.05% in CCDC and its effective share of the total consideration is about RMB150.69 million (approximately S$30.75 million).

CCDC was formed as a joint venture company in 2003 to develop The Botanica township project in Chengdu. Strategically located at the junction of Third Ring Road and Cheng Long Road in Jinjiang District, The Botanica comprises 9,664 apartments and supporting amenities including a primary school and kindergartens.

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As of August 2016, all residential units have been sold and handed over to homebuyers. The remaining inventories comprise 955 unsold carpark lots and 10 shophouses from earlier phases.

Mr Ben Lee, President of Keppel Land China, a wholly-owned subsidiary of Keppel Land, said, "We constantly review our investment portfolio to maximise returns. China is one of Keppel Land's core markets and we are strengthening our presence in our focus cities of Shanghai, Beijing, Chengdu, Tianjin and Wuxi, where we have established strong track records, networks and local teams."

With the divestment of The Botanica, Keppel Land has four projects in Chengdu which include Park Avenue Heights, Hill Crest Villa, Serenity Villa and its latest development with China Vanke, V City, which was launched in August 2015. The divestment is expected to be completed by 31 December 2016.

stake in Wiseland Investment (Myanmar) Limited, which owns Sedona Hotel Mandalay, to Eden Hotels and Resort Co. Ltd., one of Myanmar’s well-known hospitality groups, for a total consideration of approximately US$41 million (approximately $55.35 million).

Mr Ng Ooi Hooi, President (Regional Investments), Keppel Land, said, “The divestment will unlock value in Sedona Hotel Mandalay for Keppel Land and enable us to pursue other opportunities in Myanmar, with a focus on Yangon.”

Opened in 1997, Sedona Hotel Mandalay is strategically located in the heart of the city and comprises about 250 well-appointed guest rooms. In recognition of its excellence in hospitality, Sedona Hotel Mandalay was named Myanmar’s Leading Resort at the World Travel Awards 2013 and also received TripAdvisor’s Certificate of Excellence from 2011 to 2013.

Keppel Land first entered Myanmar in 1993 when it broke ground for Sedona Hotel Yangon, introducing its brand of signature Asian hospitality. The Company recently expanded the Sedona Hotel Yangon with a new 29-storey Inya Wing which was opened in May 2016.

Keppel Land China has divested its stakes in The Botanica township in Chengdu

ACROSS BORDERS

Sustaining Growth

Resilient resultsKeppel REIT performed creditably in 3Q 2016 despite cyclical headwinds in the office market. With the absence of income contribution from 77 King Street which was divested in 1Q 2016, property income and net property income for 3Q 2016 were $39.5 million and $31.6 million respectively, compared with $42.2 million and $33.4 million respectively for 3Q 2015. Excluding contribution from 77 King Street, property income and net property income remained stable for 3Q 2016.

Share of results of associates increased by 33.2% year-on-year to $24.7 million while share of results of joint ventures doubled to $7.9 million for the quarter. This was due mainly to higher share of contribution from Marina Bay Financial Centre and One Raffles Quay in Singapore as

well as David Malcolm Justice Centre in Perth, Australia.

Distribution per Unit (DPU) for 3Q 2016 remained steady at 1.60 cents, which translates to an annualised yield of 5.8%.

Keppel REIT’s overall portfolio occupancy remained at a high of 99.5% as at 3Q 2016; all of Keppel REIT’s properties in the Raffles Place and Marina Bay precinct are 100% leased.

The Manager has successfully renewed all leases expiring in 2016. Its proactive forward renewal efforts have brought down expiring leases to a minimal 5.2% and 5.4% for 2017 and 2018 respectively as at 3Q 2016. Average rents for leases due for renewal and review in 2017 and 2018 are in the low $9 psf range.

Keppel REIT continued to achieve above-market rents for its Singapore office leases. Average committed rent for new, renewal and forward renewal leases was $9.85 psf for year-to-date Sep 2016, higher than the average Grade A rent of $9.30 psf for the quarter. Rent reversion for new, renewal, forward renewal and review leases were positive at approximately 3% for the first nine months of this year.

The Manager’s lease expiry profile remains well spread out, with approximately 95% of leases not due for renewal until 2018 and beyond, when very limited new office supply in the central business district is expected.

Its Weighted Average Lease Expiry (WALE) was further extended to 8.5 years for top 10 tenants and 6.1 years for the overall portfolio, up from eight years and six years respectively in 2Q 2016.

Keppel REIT’s aggregate leverage remained stable at 39%. All refinancing requirements for 2016 and 2017 have been completed, with no refinancing requirements until 2H 2018. Keppel REIT’s weighted average term to maturity remained healthy at 3.7 years. All-in interest rate was slightly lower at 2.53% while interest coverage ratio improved to 4.7 times in 3Q 2016.

Looking ahead, with its premium and strategically located portfolio, strong tenant base, long WALE and financial prudence, Keppel REIT is poised to stay resilient and ride out the challenging market conditions.

Keppel REIT is sponsored by Keppel Land and is managed by Keppel REIT Management, a wholly-owned subsidiary of Keppel Capital.

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Keppel REIT registered stronger contribution from associates and joint ventures in 3Q 2016, largely due to higher share of contribution from Marina Bay Financial Centre (pictured), Ocean Financial Centre and David Malcolm Justice Centre

ISSUE 5 | 2016Sustaining Growth

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Strengthening the board

KEPPEL LAND

Keppel Land has appointed Mr Willy Shee to its Board with effect from 15 October 2016.

Mr Shee, 67, was the Chairman of CBRE, Asia, from 2005 to 2016 and has been with the CBRE Group for more than 40 years. Upon his retirement on 30 June 2016, Mr Shee was appointed non-executive Senior Advisor to CBRE.

Prior to joining CBRE, Mr Shee was the Acting Deputy Chief Valuer at the Inland Revenue Authority of Singapore. He was also the Founder Director for NTUC Choice Homes Co-operative Ltd, a subsidiary of Singapore National Trades Union Congress.

Mr Shee is currently a Director of NTUC Fairprice Co-operative Ltd, Mercatus Co-operative Ltd and Bund Center Investment Ltd, and had previously served as Director of Ascendas Pte Ltd, Sunway REIT Management Sdn Bhd and SLF Properties Pte Ltd.

A Colombo Plan Scholar from the University of Auckland, Mr Shee is

a Fellow Member of the Singapore Institute of Directors and the Singapore Institute of Surveyors and Valuers.

He is also an Honorary Advisor (Valuation) to the Real Estate Developers’ Association of Singapore.

KEPPEL REIT

Keppel REIT Management, as Manager of Keppel REIT, has appointed Mrs Penny Goh as an independent non-executive Director with effect from 5 October 2016.

Mrs Goh, 63, is a partner of Allen & Gledhill LLP, a leading law firm in Singapore. As Co-Head of the Corporate Real Estate practice group, Mrs Goh provides legal advice to public listed corporations, institutional investors and sovereign wealth funds on all aspects of corporate real estate transactions.

Her areas of specialisation include real estate investment trusts, private equity property funds, regional investments, real estate mergers and acquisitions, joint development and profit participation structures.

Mrs Penny GohMr Willy Shee

Sustaining Growth

ACROSS BORDERS

ISSUE 5 | 2016

KeppeL harnesses the

distinctive strengths

of its core businesses

to provide soLutions

for sustainabLe

urbanisation. the

group embraces

sustainabiLity not

onLy as a guiding

principLe, but aLso

on strategic and

operationaL LeveLs.

GLOBAL REAL ESTATE SUSTAINABILITY BENCHMARK

In September, Keppel garnered top accolades in the Global Real Estate Sustainability Benchmark (GRESB) 2016, attesting to its continuous efforts to strengthen its environmental, social and governance (ESG) practices.

GRESB serves as an internationally-recognised platform to assess the sustainability performance of property companies and real estate funds. Companies are evaluated on seven aspects of sustainability such as management; policy and disclosure; risks and opportunities; monitoring and environmental management systems; performance indicators; building certificate benchmarking as well as stakeholder engagement.

Keppel Land topped the Residential (Global), China and East Asia sectors, and ranked third among developers globally. The Company also achieved an outstanding score in its ESG performance, significantly surpassing its peers.

Mr Ang Wee Gee, CEO of Keppel Land, said, “We are honoured to be recognised across multiple sectors by GRESB which spurs us in our sustainability journey. We will continue to push the envelope in delivering value through innovative and green real estate solutions, to meet the needs and capture opportunities resulting from the rapid pace of urbanisation, especially in our key markets such as China.”

Keppel REIT topped the rankings in a series of categories, including listed real estate companies globally. It retained its pole position as the Regional Sector Leader for the Office Sector in Asia for three consecutive years, reaffirming its commendable sustainability performance. Keppel REIT also ranked second globally across all 733 diversified entities and sectors as well as among 173 companies in the office sector, up from third position last year in both categories.

Focused onsustainability

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Ms Ng Hsueh Ling, CEO of Keppel REIT Management Limited, the Manager of Keppel REIT, said, “We strive to adopt high sustainability standards and best practices across our sterling portfolio of prime office buildings to achieve positive and sustainable outcomes for the environment and all our stakeholders. This recognition encourages us to continue on our sustainability journey in enhancing the environmental performance of our properties and business operations.”

At the same time, the Asia Macro Trends Funds I and II, of which Keppel Land is a sponsor, were awarded the ‘Green Star’ status, the apex of the GRESB Quadrant Model which categorises property portfolios as ‘Green Starter’, ‘Green Walk’, ‘Green Talk’, or ‘Green Star’. The Funds are managed by Alpha Investment Partners, a wholly-owned subsidiary of Keppel Capital.

Keppel Land and Keppel REIT both adopt holistic and proactive approaches towards environmental management and protection in all their business practices and operations. In addition to GRESB, their property portfolios have received internationally-recognised green certifications from leading industry bodies.

To date, Keppel Land has received a total of 61 Green Mark Awards from the Building and Construction Authority of Singapore (BCA), of which eight are Platinum. It has set the goal of achieving at least

the BCA Green Mark GoldPlus and Gold ratings or their equivalent for all its new projects in Singapore and overseas respectively.

All of Keppel REIT’s office towers have been certified by the BCA, the United States’ Leadership in Energy and Environmental Design (LEED), the Green Building Council of Australia and the National Australian Built Environmental Rating System. Investments in sustainable properties have seen Keppel REIT’s assets attract well-established tenants from various industries.

2016 AWARDS

KEPPEL LAND

• 1st in Residential (Global)•3rd Developer (Global)•1st in China•1st in East Asia•1st Developer (Residential, Asia)

KEPPEL REIT

•2nd Overall (Global)•2nd in Office (Global)•1st in Office (Listed, Global)•1st among Listed Companies (Global)•1st in Asia•1st in Asia (Office)•1st in Asia (Listed Companies)•1st in Asia (Office, Listed Companies)•1st in Asia Pacific (Office)•1st in Singapore (Listed Companies)•1st among TR/GPR/APREA Composite Constituents

ALPHA INVESTMENT PARTNERS

•AlphaAsiaMacroTrends Fund I (Green Star)•AlphaAsiaMacroTrends Fund II (Green Star)

Developed by Keppel Land, Ocean Financial Centre is a showcase in eco-excellence

Continues on page 12 »

In Focus

FULLY POWERED BY RENEWABLE ENERGY

Committed to sustainability, Keppel Land has begun purchasing renewable energy from Keppel Electric, a wholly-owned subsidiary of Keppel Infrastructure, to power its corporate office at Bugis Junction Towers. The renewable energy is harvested from photovoltaic panels installed in premises operated by Keppel Infrastructure and is then transferred to Keppel Land.

This is the first time a Green Mark-certified office is using renewable energy generated offsite to fully power its operations. Keppel Land’s corporate office was conferred Singapore’s Building and Construction Authority (BCA) Green Mark (Office Interior) Platinum Award at the annual BCA Awards earlier this year for its efforts in environmental sustainability.

Through this innovative offsite solar power purchase scheme, Keppel Land is expected to offset about 150,000 kg of carbon emissions every year – an amount which would otherwise require about 750 trees to absorb over their entire lifetime.

CEO of Keppel Land, Mr Ang Wee Gee,said, “At Keppel Land, we are committed to hand over a greener and more sustainable world to the next generation. Through our latest collaboration with Keppel Electric, we are able to harness strengths in the Keppel Group to overcome onsite limitations so as to reduce our carbon footprint. This is in line with our proactive and holistic approach towards environmental management and protection for a sustainable future.”

CEO of Keppel Infrastructure, Dr Ong Tiong Guan, said, “By sharing green resources within the Keppel Group, we were able to collectively fulfill the Group’s sustainability aspirations. Keppel Electric will consider rolling this out for other customers with similar aspirations and expand our product offerings.”

Mr Ang Kian Seng, Group Director for Environmental Sustainability at BCA, said, “We applaud Keppel Land’s efforts to reduce the carbon footprint of its office and hope this will inspire other office tenants to do likewise through

» Continued from page 11

Keppel Land’s corporate office in Bugis Junction Towers is the first Green Mark-certified office to use renewable energy generated offsite to fully power its operations

the BCA Green Mark scheme for Office Interiors. Tenants are usually unable to use roof spaces of the buildings they occupy, so offsite solar power purchase schemes may be useful in helping to accelerate the adoption of renewable energy in Singapore.”

To ensure proper accounting and verification, an independent party, the Solar Energy Research Institute of Singapore (SERIS) at the National University of Singapore, has been appointed to regularly audit the amount of solar energy harnessed from Keppel Infrastructure’s premises as well as the energy consumption of Keppel Land’s corporate office.

The Keppel Group will be exploring the feasibility of offering similar schemes to tenants of Keppel’s office buildings in Singapore.

Keppel Land has set the goal of reducing its carbon emission intensity by 16% below 2010’s emission levels by 2020. This will translate into potential cumulative savings of $12.4 million up to 2020.

12 In Focus ISSUE 5 | 2016

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Unlocking value from Keppel DC Singapore 3Keppel Data Centres Holding Pte Ltd(KDCH), a joint venture between Keppel Telecommunications & Transportation (Keppel T&T) and Keppel Land will unlock value with the divestment of 90% of Keppel DC Singapore 3 (KDC SGP 3),formerly T27 or Keppel Datahub 2, to Keppel DC REIT via share sale for an aggregate consideration of approximately $141 million.

The consideration for the divestment was arrived at on a willing-buyer and willing-seller basis and takes into account independent valuations of the property, both external and shareholder loans, and includes a rental income support of $1.58 million. The transaction is expected to unlock approximately $121 million in cash for KDCH.

KDC SGP 3 is a five-storey, carrier-neutral data centre in Singapore with 52,615 sf of high-availability data centre co-location space.

Built to energy-efficient specifications, the facility was the first data centre in Singapore to receive the BCA-IDA Green Mark Platinum Award for New Data Centres, the highest green accolade from the Building and Construction Authority of Singapore and the Infocomm Development Authority of Singapore.

Leveraging Keppel T&T's strong track record in building, managing and operating high-quality data centres, a wholly-owned subsidiary of KDCH will enter into an exclusive lease agreement and facility management agreement with Keppel DC REIT for a period of 10 years as part of the transaction.

The transaction unlocks value from KDC SGP 3, and recycles capital for Keppel T&T and Keppel Land, allowing it to maximise overall returns for shareholders.

The divestment of 90% of KDC SGP 3

will unlock $121 million in cash for Keppel T&T and

Keppel Land

Showcase in SaigonSingapore’s Deputy Prime Minister (DPM) and Coordinating Minister for National Security Mr Teo Chee Hean visited Saigon Centre retail mall in Ho Chi Minh City on 13 September 2016 during an official visit to Vietnam.

He was accompanied by the Government Parliamentary Committee (Finance and Trade and Industry) Chairman and Deputy Chairman, Mr Liang Eng Hwa and Mr Cedric Foo respectively, as well as officials from the Ministry of Foreign Affairs.

During his visit, DPM Teo toured the retail spaces of homegrown Singapore

brands such as Bee Cheng Hiang, BreadTalk and TWG.

Mr Linson Lim, Country Representative (Vietnam) of Keppel Corporation and President (Vietnam) of Keppel Land,

gave DPM Teo an overview of Keppel’s investments in Vietnam.

Saigon Centre retail mall has received more than 2.5 million visitors since its opening on 30 July 2016.

Singapore’s Deputy Prime Minister and Coordinating Minister for National Security Mr Teo Chee Hean (foreground, right) with Mr Linson Lim (foreground, left), Country Representative (Vietnam) of Keppel Corporation and President (Vietnam) of Keppel Land

ACROSS BORDERS

ISSUE 5 | 2016 Sustaining Growth

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Hallmarks of excellenceKeppel Land bagged top awards for excellence at Euromoney Real Estate Awards 2016, cementing its position as one of Asia’s premier property companies. For its efforts in shaping city skylines with distinctive landmarks, the Company was named Overall Best Developer for Singapore, Vietnam and Myanmar.

The annual Euromoney Real Estate Awards ranks the best developers, advisors, banks and investment managers globally.

Keppel Land garnered a slew of accolades at the recent Euromoney Real Estate Awards 2016, including Overall Best Developer in Vietnam. Its new development in Ho Chi Minh City’s popular District 2, Estella Heights (pictured), has seen positive response from homebuyers

EnhancingconnectivityA newly built bridge over the Ca Cam River in District 7 of Ho Chi Minh City (HCMC) is set to bring increased connectivity to the residents with its opening on 22 September 2016 by the district’s Vice Chairman of the People’s Committee, Mr Dao Gia Vuong.

Funded by Keppel Land and Tan Truong, joint venture partners for Riviera Point in the vicinity, the bridge connects the Tan Phu and Phu Thuan Wards with the district’s administrative and commercial centre, providing residents in the community convenient access to the myriad of amenities in the Phu My Hung New Urban Area.

Mr Linson Lim, President (Vietnam), Keppel Land, said, “At Keppel Land, we believe that as communities thrive, we thrive. The new link bridge is poised to enhance the connectivity of

District 7 and HCMC as a whole, and is set to benefit thousands of residents in the neighbourhood, including those at Riviera Point.”

Riviera Point is the tallest condominium in District 7, just a stone’s throw away from the

Ho Chi Minh City’s Vice Chairman of People’s Committee of District 7, Mr Dao Gia Vuong (fourth from right) and Mr Linson Lim (third from right), President (Vietnam) at Keppel Land, at the opening ceremony of the link bridge over Ca Cam River in the vicinity of Keppel Land’s Riviera Point condominium

Ca Cam River. To date, more than 95% of Phase 1A have been sold.

Following Phase 1A’s success, 518 units under Phase 1B, The View at Riviera Point, were launched in October 2016.

Sustaining Growth ISSUE 5 | 2016

Unleashing the power of virtual realityKeppel Land unveiled Singapore’s first Oculus Rift virtual reality (VR) show suites at Highline Residences on 15 October 2016.

Jointly developed with leading visualisation firm VMW Group, Keppel Land’s new VR platform uses state-of-the-art Oculus Rift technology to provide visitors with an immersive 360-degree virtual experience of the show suites and key landmarks in the trendy Tiong Bahru precinct where Highline Residences is located.

By using the VR headset, users will be able to transcend the limitations of a physical show suite and explore different materials, high-end interior finishes and fittings for their future homes.

Mr Albert Foo, GM of Marketing at Keppel Land, said, “In line with our brand philosophy of ‘Thinking Unboxed’, Keppel Land is constantly exploring new ways to provide our customers with an enhanced

experience. Harnessing Oculus Rift VRtechnology, we are now able to showcase different configurations and apartment types without having to create an actual physical show suite, presenting a more efficient solution for land-scarce cities such as Singapore. This portable technology also enables us to reach out to customers overseas more effectively.”

Mr Lee Hon Kit, Managing Director of VMW, said, “Each VR show suite

was created in great detail, aligning strictly to the actual size of the unbuilt units and integrated with the unit plan overlay for orientation and navigation.

Users will be able to experience a comprehensive view of everything including the high-end interior finishes and fittings, with future iterations of the technology allowing users to change materials and fittings they would like to explore for their future homes.”

Visitors to the Highline Residences sales gallery can enjoy an immersive virtual experience of the newly launched three- and four-bedroom units using the Oculus Rift virtual reality headset

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ACROSS BORDERS

Sustaining GrowthISSUE 5 | 2016

Having adapted to the locals’ easygoing spirit, Kee Kong has also become quick to find ways to adapt to small speed bumps along the way.

He shared, “My biggest challenge was adapting to the way how things get done. It is not as simple as giving instructions; you need to connect with the locals and be ready to sort things out personally when things do not go according to plan.”

Away from the office, Kee Kong loves trying different local delights such as rendang (a spicy meat dish with coconut milk), satay (barbecued meat on skewers) and seafood.

His greatest takeaway from his stint?

“Living here has taught me to have a more global mindset which I believe will enable me to thrive anywhere. I recommend that anyone with the opportunity for an overseas posting goes for it! Just be ready to interact with people from different backgrounds and be flexible at work. Keep an open mind and embrace the differences, and you will enjoy the experience,” he shared.

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Connecting in IndonesiaWhen Yee Kee Kong, Assistant GM at Keppel Land, first moved to Jakarta, Indonesia, he experienced first-handthe true meaning of the saying ‘patience is a virtue’.

He said with a laugh, “Indonesians are very gracious and patient. This is evident in the simplest of everyday activities such as taking the lift! For example, at a lift lobby in Singapore, you can see Singaporeans repeatedly pressing buttons for the lift and checking their watches. In Jakarta, when Indonesians miss a lift, they will use that opportunity to chit-chat.”

Such experiences with new cultures is one of the reasons why Kee Kong enjoys taking on an overseas posting.

Originally from Malaysia, Kee Kong attained Singapore permanent residency and started working with Keppel Land in 2007. He was posted to Jakarta to manage the International Financial Centre Jakarta Tower Two project in 2012 after working on Marina Bay Financial Centre in Singapore.

Kee Kong’s responsibility for the International Financial Centre Jakarta Tower Two project included overseeing the overall development of the building and ensuring that international safety guidelines were enforced and adhered to.

He is now able to speak basic Bahasa Indonesia, the country’s official language, and has also adapted to the challenges that come with living and working in a foreign country.

“My life in Jakarta has been an interesting journey so far. Over the past four years, I have learnt a lot about running projects in Indonesia and the way of life here, which is something I enjoy immensely with every new overseas stint,” said Kee Kong.

Yee Kee Kong (far right), Assistant GM at Keppel Land, has embraced Indonesia with open arms since his posting in late-2012. He is pictured here together with his co-workers and contractors atop International Financial Centre Jakarta Tower Two during its construction

Empowering Lives ISSUE 5 | 2016

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On 27 August 2016, NParks and Keppel unveiled plans for the Keppel Discovery Wetlands. In marking the occasion, Minister for National Development and Second Minister for Finance, Mr Lawrence Wong; Chairman of Keppel Corporation, Dr Lee Boon Yang;and CEO of Keppel Corporation and Chairman of Keppel Land, Mr Loh Chin Hua planted a Keppel Tree at the Wetlands.

Senior management from the Keppel Group, including Mr Tan Swee Yiow, President, Singapore, at Keppel Land, gamely rolled up their sleeves to plant Keppel Trees at the Wetlands. They were joined by over 50 Keppel Volunteers, who planted trees of various species, as a symbol of the Group’s commitment towards environmental conservation.

In his address to audience present, Dr Lee Boon Yang shared that the

Sowing seeds in the heart of the city

Keppel has committed $2.08 million to the Garden City Fund to support the restoration of a freshwater forest wetland ecosystem historically found in the vicinity of the Singapore Botanic Gardens, which is Singapore’s first UNESCO World Heritage site. In recognition of Keppel’s contribution, the restored freshwater forest wetland will be named the Keppel Discovery Wetlands.

Located in an upcoming Learning Forest extension of the Singapore Botanic Gardens, the restored 1.8-ha forest will be designed with ecological considerations in mind, and include a carefully curated plant collection of over 200 species.

It will enhance the biodiversity found in the area and provide opportunities for the public to access and experience a freshwater forest wetland habitat right in the heart of the city.

AS A GLOBAL CITIZEN, KEPPEL BELIEVES IN GIVING BACK TO COMMUNITIES WHEREVER IT OPERATES, THROUGH ITS MULTI-FACETED APPROACH TOWARDS CORPORATE SOCIAL RESPONSIBILITY. AT THE SAME TIME, IT SEEKS TO CULTIVATE A GREEN MINDSET AMONG ITS EMPLOYEES TO SPUR THEM TOWARDS ADOPTING A SUSTAINABLE LIFESTYLE.

initiative to restore and conserve a unique freshwater wetland habitat resonates with Keppel’s commitment to sustainability.

He said, “We believe that Singapore’s natural heritage is a precious resource and all Singaporeans share a responsibility to care for the environment. The Wetlands will be of aesthetic and educational value, and beyond that, will inspire more Singaporeans to discover, understand and embrace our biodiversity.

“Keppel strongly encourages our employees to get involved in community service. As such, Keppel Volunteers will serve as Green Ambassadors for the Keppel Discovery Wetlands, engaging schools and community groups so that students and other visitors can discover and learn more about this freshwater swamp ecosystem and its flora and fauna”.

Volunteers from Keppel Land, joining others in the Group, planting trees at the Keppel Discovery Wetlands

ACROSS BORDERS

Nurturing CommunitiesISSUE 5 | 2016

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Towering featOcean Financial Centre, developed by Keppel Land, was the backdrop for Catalonia’s 229-man human tower – or castell – during its opening performance for Catalan Week on 19 October 2016.

The human tower is a Catalan tradition that has its origins in 1712 and has been declared Intangible World Heritage by UNESCO. This is the first time Singapore has hosted Catalonia’s human tower.

CEO of Keppel REIT, Ms Ng Hsueh Ling, said, “We are glad for the opportunity to host the castell’s performance at Ocean Financial Centre, which adds to the colour and vibrancy of the business and financial district. It is a celebration of culture, strength and performing arts.”

Keppel Land is the sponsor of Keppel REIT.

Doing goodKeppel Land believes that in doing well, it should also do good. In line with this, Keppel Land China organised corporate social responsibility (CSR) activities over the months of September and October 2016.

TIANJIN

On 9 October 2016, 11 volunteers from Keppel Land China’s Tianjin office visited the elderly residents of Han Gu Social Welfare House in celebration of the Chongyang Festival, a popular Chinese custom during which mainly elderly members of society get together in celebration of longevity.

Beneficiaries of the Han Gu Welfare House mostly comprise underprivileged senior citizens who, due to unfortunate circumstances, are unable to support themselves. Keppel Land China’s Tianjin office

has been supporting the home since last year, and staff have made regular visits to bring cheer to the beneficiaries.

KUNMING

Over in Spring City Golf & Lake Resort (Spring City) in Kunming, the CSR team, together with members from its trade union, visited the Caodian Elderly Home to paint smiles on

the faces of the elderly during their annual Mid-Autumn Festival visit in September 2016. For the past two years, Spring City has donated a total of over RMB 10,000 in cash and kind to the home.

Caodian Elderly Home was established in 1992 and is operated by the Kunming local government. The home currently houses 14 beneficiaries aged between 52 and 87.

Ocean Financial Centre was the backdrop for Catalonia’s

229-man human tower on 19 October 2016

Volunteers from Keppel Land China’s Tianjin office visited the Han Gu Social Welfare House to bring

cheer to the underprivileged

Nurturing Communities ISSUE 5 | 2016

INTERNATIONAL NETWORKSINGAPOREKeppel Land Limited230 Victoria Street#15-05 Bugis Junction TowersSingapore 188024Tel: (65) 6338 8111Fax: (65) 6337 7168

Keppel Land Retail Management Pte Ltd1 Fifth Avenue #02-06/07 Guthrie HouseSingapore 268802Tel: (65) 6466 2555Fax: (65) 6466 0578

CHINABEIJINGBeijing Kingsley Property Development Co., Ltd.Unit 706China World Office 2No. 1 Jian Guo Men Wai AvenueChaoyang DistrictBeijing, China 100004Tel: (86) 10 6505 0866Fax: (86) 10 6505 0865

Beijing Aether Property Development Co., Ltd.Block A, Room 701, Hanwei PlazaNo. 7 Guanghua RoadChaoyang DistrictBeijing, China 100004Tel: (86) 10 6561 8822Fax: (86) 10 6561 3322

CHENGDUChengdu Hillstreet Development Co., Ltd.Unit 903 New Hope Tower45 Ren Min Nan Lu Section 4ChengduSichuan Province, China 610041Tel: (86) 28 8702 6688Fax: (86) 28 2801 5599

JIaNGyINJiangyin Evergro Property Co., Ltd.#7 Clubhouse, Stamford City Wenhua Lu (Opposite Jiangyin Tianhua Cultural Centre)Jiangyin Jiangsu Province, China 214400Tel: (86) 510 8683 9999Fax: (86) 510 8641 0780

KUNMINGSpring City Golf & Lake ResortTangchi, Yiliang, Kunming Yunnan Province, China 652103 Tel: (86) 871 6767 1188Fax: (86) 871 6767 1119

NaNTONGKeppel Lakefront (Nantong) Property Development Co. Ltd.10 Shanghai Road NETDAJiangsu Province, China 226010Tel: (86) 513 8919 9798Fax: (86) 513 8919 0788

SHaNGHaIKeppel Land China Limited(Head Office)39th Floor Wheelock Square1717 Nanjing West RoadShanghai, China 200040Tel: (86) 21 6171 2121Fax: (86) 21 6171 2122

Keppel Land (Shanghai) Management Co., Ltd.Room 2001 Park Place1601 Nanjing West RoadShanghai, China 200040Tel: (86) 21 6288 3066Fax: (86) 21 6288 2799

SHENyaNGKeppel Township Development (Shenyang) Co., Ltd.No. 26 Puxin RoadShenbei New DistrictShenyang Liaoning Province, China 110135Tel: (86) 24 8972 7567Fax: (86) 24 8972 7599

TIaNJINKeppel Hong Da (Tianjin Eco-City)Property Development Co., Ltd.No. 2018 Zhong Tian Da Dao RBO Block 13, Level 1 Unit 101, Eco-Business Park, Sino-Singapore Tianjin Eco-City,Tianjin, China 300467 Tel: (86) 22 6633 1088Fax: (86) 22 6537 6025

WUXIKeppel Lakefront (Wuxi)Property Development Co., LtdKeppel Waterfront Residence Sales GalleryNortheast of West Gaolang Road & Jinshi Road Binhu District, Wuxi Jiangsu Province, China 214121Tel: (86) 510 8562 3083Fax: (86) 510 8562 2213

ZHONGSHaNSunsea Yacht Club (Zhongshan) Co., Ltd.No. 23, Cai Hong Rd, Shenwan Town, Zhongshan City, Guangdong Province, China 528462Tel: (86) 760 8892 6108Fax: (86) 760 8892 6178

INDIABaNGaLOREKeppel Puravankara Development Pvt Ltd#21/30, Prestige Craig House3rd Floor, Craig Park LayoutM.G. Road, Bengaluru 560 001, IndiaTel: (91) 08 4150 5000Fax: (91) 08 4150 5008

INDONESIABaTaMPT Nongsa Point MarinaJl. Hang Lekiu Nongsa, Batam 29432, Batam, IndonesiaTel: (62) 778 761 333Fax: (62) 778 761 330

BINTaNPT Ria BintanJl. Perigi Raja Lagoi North BintanKepulauan Riau Bintan ResortsIndonesia 29152Tel: (62) 770 692 868Fax: (62) 770 692 837

CO. REG.NO.: 189000001G

INTERNATIONAL NETWORK

FOR MORE INFORMATION ON KEPPEL LAND'S PROPERTIES, CONTACT:230 Victoria Street #06-08, Bugis Junction Towers, Singapore 188024 www.keppelland.com | Tel: (65) 6336 3688Should you wish to be included on our mailing list, please email Marketing at marketing@keppelland.com

JaKaRTaPT Keppel LandPT Kepland InvestamaPT Harapan Global NiagaPT Puri LandInternational Financial Centre 17th FloorJl. Jend. Sudirman Kav. 22-23Jakarta 12920, IndonesiaTel: (62) 21 571 2238Fax: (62) 21 571 1813

MALAYSIAJOHOR BaHRUTanah Sutera Development Sdn BhdNo. 2 Jalan Sutera Merah 2Taman Sutera81200 Johor Bahru, MalaysiaTel: (60) 7 289 9009Fax: (60) 7 289 9119

MYANMAR yaNGONSedona Hotel YangonNo. 1 Kaba Aye Pagoda RoadYankin TownshipYangon, MyanmarTel: (95) 1 666 900Fax: (95) 1 666 911

THE PHILIPPINESORTIGaS, MaNILaKeppel Philippines Properties, Inc.Units 2203-2204 Raffles Corporate Center BuildingF Ortigas Jr. AvenueOrtigas CenterPasig City 1605Tel: (63) 2 584 6170/71Fax: (63) 2 584 3915

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VIETNAMHaNOIKeppel Land Vietnam Company Ltd (Hanoi Branch Office)Unit 05B, 2nd Floor, International Centre17 Ngo Quyen Street, Hoan Kiem DistrictHanoi, VietnamTel: (84) 4 3936 7745Fax: (84) 4 3936 7680

HO CHI MINH CITy (HCMC)Keppel Land Vietnam Company Ltd(Head Office)Unit 2, 8th Floor, Saigon Centre65 Le Loi Boulevard, District 1HCMC, VietnamTel: (84) 8 3821 8000Fax: (84) 8 3821 3540

Keppel Land Watco Co. Ltd4th Floor Saigon Centre65 Le Loi Boulevard, District 1HCMC, VietnamTel: (84) 8 3823 2500Fax: (84) 8 3822 9822

Sedona Suites Ho Chi Minh CitySaigon Centre, 65 Le Loi Boulevard, District 1HCMC, VietnamTel: (84) 8 3822 9666Fax: (84) 8 3822 9229