ACROSS BORDERS DEEPENING - CHINA PRESENCE - Keppel Land Vietnam
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ACROSSBORDERS
A KEPPEL LAND PUBLICATION
ISSUE 1/2016 MCI (P) 160/06/2015
DEEPENING
CHINA PRESENCE
HIGHLIGHTS 06 GROWING WITH CHINA 13 HARNESSING STRENGTHS 16 GIVING BACK
S I G N A T U R E C O L L E C T I O N
Artist’s Impression
A NEW LIFT TO LIFE
Discover a luxurious lifestyle matched by unparalleled convenience.
Live in the most desirable address in the prime District 2 of Ho Chi Minh City,
where a host of retail and recreational possibilities are at your doorstep.
At the Estella Heights’ Signature Collection, there’s always something
thoughtfully designed for everyone.
Artist’s Impression
• Close proximity to the Central Business District, International Schools,
upcoming An Phu Metro Station and Metro Hypermarket
• Ample parking space with one carpark lot for every apartment
• Ultimate resort lifestyle with a wide range of modern facilities:
two 50m swimming pools, lazy pool, two children’s pools, 400m jogging track,
golf putting green, sky garden, entertainment lounge, multi-purpose room,
movie room, gymnasium and more
• Exclusive access to sky gym and sky lounge
• Personalised concierge services
• Fully-fitted apartments with thoughtful design and luxurious fittings
Artist’s Impression
Another quality residential project by: Keppel Land’s accolades: For enquiries, please call us at Visit us at Estella Heights
Sales Office
(84-8) 3740 6600 88 Song Hanh Str., An Phu Ward,
www.estellaheights.com.vn District 2, HCMC.
THIS ISSUE
Marina Bay Financial 10
Centre Tower 3 has
been recently certified
as a BCA Green Mark
Platinum building
Sustaining Growth In Focus
04 Keppel Land acquires 22.4% stake 10 Strides in sustainability
in retail property 112 Katong
05 Delivering sustained returns Empowering Lives
13 Harnessing strengths
06 Growing with China
14 Dedicated worker
07 Capturing value in Australia
15 Ringing in the Lunar New Year
08 Taking up the baton
The place to be Nurturing Communities
09 Keppel Land divests stakes in 16 Giving back
two property companies
17 Run for a cause
Breaking new ground
18 Gifts of warmth
12 Sharing insights
Cheerful works of art
Workspaces for collaboration
Our Accolades:
Published for Keppel Land by the Cover image: In January 2016, Keppel Land was conferred the Top 10 ASEAN Companies in China award by the China-Asean
Group Corporate Communications division of Business Council for its contributions towards the Chinese economy and its local communities. Pictured is the Hill Crest Villa
Keppel Corporation Limited, development in Mumashan, southwest of Chengdu, which will feature 274 landed homes.
1 HarbourFront Avenue, #18-01, Keppel Bay Tower,
We believe all information in this newsletter to be current at the time of printing. Unless otherwise stated, all currencies are expressed in
Singapore 098632.
Singapore dollars. No material contained in this publication should be reproduced without obtaining prior written permission from the
Group Corporate Communications department.
We also welcome your feedback and suggestions for improvements to our newsletter. You can reach us at keppelgroup@kepcorp.com.
Printed by Image Printers Pte Ltd,
Blk 1002, Redhill Industrial Estate, Jalan Bukit Merah, Should you wish to be included in our mailing list, please email Marketing at marketing@keppelland.com
#03-12, Singapore 159456. An online version is also available at keppelland.com
04 Sustaining Growth ISSUE 1 | 04
2016
Keppel Land acquires 22.4% stake
in retail property 112 Katong
Keppel Land, through a wholly- and dining destination in the East, “The investment in 112 Katong
owned subsidiary, has acquired catering to shoppers who are
in aggregate, a 22.4% stake looking for unique experiences.
will add to our quality
in 112 Katong lifestyle mall portfolio of retail and
from BHG Holdings Pte Ltd, “Leveraging synergies across mixed-use properties. We will
Imagine Properties Pte Ltd and the Company, we will also tap
focus on strengthening the
Perennial Singapore Investment on the expertise of Keppel Land
Holdings Pte Ltd for an aggregate Retail Management, which will be mall’s positioning as a lifestyle
cash consideration of approximately appointed as retail manager for and dining destination in the
$51.4 million. the property.” East, catering to shoppers
The remaining 77.6% stake is Keppel Land had acquired a who are looking for unique
held by Alpha Asia Macro Trends 75% stake in retail management experiences.”
Fund, which is managed by Alpha company, Array Real Estate,
Mr ang wee gee
Investment Partners, a property in January 2015, which has since ceo of keppel land
fund management vehicle of been renamed to Keppel Land
Keppel Land. Retail Management.
Mr Ang Wee Gee, CEO of Keppel Land, Strategically located at the junction
said, “The investment in 112 Katong of East Coast Road and Joo Chiat Major tenants include premium
will add to our quality portfolio Road, 112 Katong is a six-storey supermarket, Katong Market
of retail and mixed-use properties. shopping mall completed in Place, Golden Village,
We will focus on strengthening November 2011, with a net lettable Food Republic and a number
the mall’s positioning as a lifestyle area of about 207,000 sf. of well-known restaurants.
112 Katong is strategically located at the
junction of East Coast Road and Joo Chiat Road
ISSUE 1 | 2016 Sustaining Growth 05
Delivering sustained returns
Keppel REIT announced higher fixed rate loans were maintained while one quarter were from tenants
year-on-year (y-o-y) distributable at 70%. Average cost of debt new to Singapore, and the remaining
income of $54.0 million for 4Q 2015 remained stable at 2.5% and interest one quarter were expansions by
and $217.3 million for FY 2015, coverage ratio at a healthy 4.4 times. existing tenants.
which is 17.8% and 5.4% above
the corresponding periods in 2014 Keppel REIT has also completed In managing the impending office
respectively, and is constant on a almost 100% of its refinancing supply spike over these two years,
quarter-on-quarter (q-o-q) basis. requirements in 2016, and continued the Manager has been channelling
to maintain a well-staggered debt its efforts to retain existing tenants
The improvement in distributable maturity profile with weighted average and attract new tenants. Such efforts
income was due mainly to higher term to expiry at a healthy 3.7 years. saw the Manager achieve a high
property income from all its assets In addition, the Manager has hedged tenant retention rate of 90% and
in Singapore and Australia, as well almost 100% of its income from a 13% positive rent reversion for
as higher contributions from share Australia up till 3Q 2016. its Singapore portfolio for 2015.
of results of associates and share of
results of joint ventures. The Manager The Manager’s proactive marketing For leases expiring in 2016, the
is declaring a distribution per unit of and rigorous leasing efforts saw a total Manager is already in advanced
1.68 cents for 4Q 2015, amounting of 114 leases concluded for 2015, negotiations with these tenants and
to a total of 6.80 cents and a yield equivalent to approximately 1.6 million sf is likely to achieve a high retention.
of 7.3% for FY 2015. (attributable space of approximately Similarly, for leases expiring in 2017,
800,000 sf) of prime office space. This the Manager is proactively engaging
During the quarter, Keppel REIT’s is approximately 23% of Keppel REIT’s these tenants and is likely to renew
gearing level was reduced significantly net lettable area under management. most of the leases as the majority of
by approximately 8% to 39.3% due these tenants are in their first renewal
mainly to lower borrowings and As at end-2015, Keppel REIT’s cycle. Approximately 75% of total
revaluation gains from Keppel REIT’s committed portfolio occupancy leases are not due for renewal till 2018
investment properties in end-2015. remained high at 99.3%. and beyond, when limited new office
Safeguarding the REIT against supply is expected.
interest rate volatility and providing Of the total new leases signed during
certainty of interest expenses as well the year, half were from tenants who In ensuring long-term income
as financial and operational flexibility, were new to Keppel REIT’s portfolio, sustainability, the Manager continued
to maintain a healthy weighted average
lease expiry of approximately eight
years and six years for Keppel REIT’s
top 10 tenants and overall portfolio
respectively as at end-2015.
Looking ahead, the Manager remains
committed to deliver sustained returns
through harnessing strengths to
capture greater value for its
Unitholders. The Manager will also
continue to maintain a healthy and
long lease expiry profile, and adopt
a disciplined approach towards
mitigating financing, interest rates
and foreign exchange risks.
2016 marks a decade of excellence for Keppel REIT
as one of Asia's leading REITs with a sterling
portfolio of assets
ACROSS BORDERS
06 Sustaining Growth ISSUE 1 | 2016
Growing with China
On 19 January 2016, Keppel Land recognised as one of the Top 10 corporate citizen, Keppel Land
China was conferred the Top 10 ASEAN Companies in China for the continues to engage and support
ASEAN Companies in China award by fourth consecutive year. As one of the communities wherever we operate
the China-ASEAN Business Council first foreign real estate companies to through our multi-faceted approach
(CABC) for its contributions towards enter China more than 20 years ago, towards corporate social
the Chinese economy and its local Keppel Land has been privileged to responsibility.”
communities. This is the fourth contribute to China’s urbanisation and
consecutive year the company has grow in tandem with the country. Keppel Land China is a wholly-owned
been bestowed this award. subsidiary of Keppel Land, and is
“Today, China is one of Keppel Land’s focused on developing township,
Held in Beijing, the awards ceremony core markets and our portfolio residential, waterfront, commercial
was graced by Mr Liu Guchang, of award-winning residential, and mixed-use developments in China.
former Chinese Vice Foreign Minister commercial, waterfront and lifestyle
and Chairman of China Foundation developments across 10 Chinese Over the years, Keppel Land China
for International studies; Mr Ge cities is distinguished for its quality, has expanded its footprint in China
Zhirong, Counsellor of State Council sustainability and thoughtful to 10 cities. To-date, the company
and President of the China Entry-Exit innovations. We are committed to has over 20 projects with a pipeline
Inspection and Quarantine Association; deepening our presence in the key of about 39,000 homes. As at
Mr Xu Ningning, Executive Secretary- cities of Beijing, Shanghai, Chengdu, end-2015, Keppel Land has a portfolio
General of China-ASEAN Business Tianjin and Wuxi, where we have of assets worth about $7.1 billion
Council, as well as ambassadors to established strong track records, (RMB32.3 billion) in China.
China from all 10 ASEAN countries. networks and local teams.
China is the largest market for
Mr Ang Wee Gee, CEO of Keppel Land, “As we do well, we are also focused Keppel Land, accounting for about
said, “We are honoured to be on doing good. As a responsible 48% of total assets.
Keppel Land China has been named one of China’s Top 10 ASEAN Companies by the China-ASEAN Business Council. Mr William Tan (second from left),
Regional Head of Keppel Land China, received the award on behalf of the company in a ceremony held in Beijing on 19 January 2016. On his left is Mr Liu Guchang
(third from left), former Chinese Vice Foreign Minister and Chairman of China Foundation for International Studies
ISSUE 1 | 2016 Sustaining Growth 07
Capturing value
in Australia
Keppel REIT has successfully The Manager intends to use the sale
divested its 100% interest in proceeds to repay existing debt,
77 King Street in Sydney, Australia, fund general corporate and working
to ARE Noble, a wholly-owned capital purposes and/or for future
subsidiary of Invesco Asia Core Fund investment opportunities.
for A$160 million or approximately
S$160 million. Strategically located in Sydney’s
central business district, 77 King Street
This resulted in a divestment gain offers approximately 147,000 sf of
of approximately A$28 million or net lettable area over 18 levels of
S$28 million1. offices and two basement levels of
retail space.
The sale price is approximately
40% above Keppel REIT’s original The divestment of 77 King Street
purchase price of A$116 million in is not expected to have any
end-2010 and an approximate 27% material impact on Keppel REIT’s
premium over the property’s latest distribution per unit for the
valuation of A$126 million2. current financial year.
Ms Ng Hsueh Ling, CEO of Following the divestment,
Keppel REIT Management, said, Keppel REIT will continue to
“The strategic divestment of own four premium-grade office
77 King Street is in line with our assets in Australia comprising
commitment to maximise and 50% interests in 8 Chifley Square
capture value for Unitholders, in Sydney, 275 George Street in
while providing Keppel REIT with Brisbane, the office tower and
greater financial flexibility.” annexe at the Old Treasury Building
site in Perth, 8 Exhibition Street
and its two retail units, as well as a
100% interest in its three adjoining
retail units in Melbourne.
The weighted average lease expiry
of Keppel REIT’s Australian portfolio
will be approximately 10 years,
with an average age of five years.
1
Based on the exchange rate of A$1 = S$1
as at 14 January 2016
2
Valuation by Savills as at 31 July 2015
The sale of 77 King Street is in line with
Keppel REIT’s aim to maximise and capture value
ACROSS BORDERS
08 Sustaining Growth ISSUE 1 | 2016
Taking up the baton
Mr Ben Lee
From 1 March 2016, Mr Ben Lee, Since re-joining Keppel Land
GM (Operations), Keppel Land China, in 2007 as GM, South China,
will succeed Mr Ho Cheok Kong as and then moving up to be the first
President of the company. President of Keppel Land China
upon its formation in 2010,
Since joining Keppel Land in 2007, Mr Ho has played a crucial role
Mr Lee has helmed both business in growing Keppel Land’s China
and function units in China. His previous business, which has contributed
roles include Shanghai City Head and significantly to Keppel Land’s
Head of Business Development at profits in recent years.
Keppel Land China.
Apart from driving the investment
Mr Ho will be appointed as Director, and operations efforts at
Special Projects, Keppel Land, on 1 March 2016. Keppel Land China to deliver
In his new role, Mr Ho will advise on superior performance, Mr Ho
certain special projects and pursue certain was instrumental in strengthening
new strategic initiatives for the Company, Keppel Land’s China platform
leveraging his extensive and diverse in capabilities building and
experience in the property business. talent development.
The place to be
Residents and shoppers in Ho Chi With the diverse range of
Minh City (HCMC), Vietnam, can look shopping, dining and leisure
forward to the opening of the retail options including internationally-
podium at Saigon Centre Phase Two renowned brand names new to
in 3Q 2016. Vietnam, Saigon Centre is poised
to be the shopping and lifestyle
The retail mall, which includes anchor destination in HCMC.
tenant Takashimaya taking up about
15,000 sm of retail space, is fully When fully completed in end-2017,
committed. Other notable tenants who Saigon Centre Phase Two will
are opening their first store in Vietnam comprise 40,000 sm of premium
include luxury fashion brands such as Grade A office space, 50,000 sm
Stuart Weitzman, Casadei, Ferrari of retail space spread across seven
and F&B retailers like Crystal Jade, storeys and about 200 units of
Gyu Shige Yakiniku and Basta Hiro. luxury serviced apartments.
ISSUE 1 | 2016 Sustaining Growth 09
Keppel Land divests stakes
in two property companies
In its continual focus to strengthen consideration of approximately which holds a 78.58% stake in an
its presence in its core markets LKR 550 million (approximately office building in Hanoi, for a total
and growth cities, as well as S$5.5 million). consideration of US$10.86 million
recycling assets for higher returns, (approximately S$15.2 million).
Keppel Land has in recent weeks The joint venture company was
divested its stakes in two property formed for the development of a
companies in Sri Lanka and Vietnam. condominium located in Colombo,
Sri Lanka.
Through its wholly-owned subsidiary,
Edmonton Pte Ltd, Keppel Land In January 2016, Keppel Land and
entered into a sale and purchase Kepventure Pte Ltd, a subsidiary of
agreement in February 2016 to Keppel Corporation, entered into
divest its 60% interest in Keppel CT a sale and purchase agreement to sell
Developments Pte Ltd, a joint venture their 55% and 45% respective interests
company in Sri Lanka, for a total in Fernland Investment Pte Ltd,
Breaking
new ground
Work commences for
Keppel’s fourth data centre
in Singapore.
Keppel Data Centres Holding Pte Ltd
(KDCH), a joint venture between
Keppel Telecommunications &
Transportation Ltd (Keppel T&T) and
Keppel Land, broke ground on
Keppel Datahub 3, its fourth data (From L-R) Mr Tan Swee Yiow, President (Singapore) of Keppel Land; Mr Chan Hon Chew, CFO of
centre in Singapore on 15 February 2016. Keppel Corporation and Chairman of Keppel DC REIT; Mr Loh Chin Hua, CEO of Keppel Corporation,
Chairman of Keppel Land and Chairman of Keppel T&T; Mr Thomas Pang, CEO of Keppel T&T; and Mr Wong
Wai Meng, CEO of Keppel Data Centres, breaking ground at Keppel’s fourth data centre in Singapore
Situated in close proximity to two
other data centres operated by
KDCH, Keppel Datahub 1 and Construction of Keppel Datahub 3 Once completed, it will feature
Keppel Datahub 2, Keppel Datahub 3 will be undertaken in three phases, approximately 183,000 sq ft of gross
will be developed to Tier 3, with phase 1 core and shell floor area, making it Keppel’s second
carrier-neutral specifications with construction and fit-out of the facility largest data centre in Singapore after
robust security systems. expected to be completed in 2016. Keppel Digihub.
ACROSS BORDERS
Marina Bay Financial Centre
Tower 3 has been recently
certified as a BCA Green Mark
Platinum development
STRIDES in sustainability
The Keppel Land Group has a longstanding commitment to high
environmental, social and governance standards. The Company firmly
believes that what IT DOES must positively impact ITS stakeholders
as well as the greater public. Recently, its efforts in sustainability
were acknowledged at various platforms.
PLATINUM DEVELOPMENTS
Marina Bay Financial Centre (MBFC) systems, which contribute to 23% of towards obtaining Green Mark
Tower 3 has been recently certified energy savings for the whole building, certifications for their offices.
as a Building and Construction while the use of motion sensors as well
Authority (BCA) Green Mark Platinum as energy saving lifts and escalators Prior to this, MBFC Tower 3 was
development in recognition of its further reduces energy consumption. certified as a Green Mark GoldPlus
best practices in environmental design development.
and construction, as well as its adoption Within the tower, water leakage
of green building technologies. detection systems minimise water Another Keppel Land development
This is the highest honour in wastage, whilst condensate water from which showcases innovative
BCA’s Green Mark scheme. the air-conditioning system is recycled eco-breakthroughs is Ocean Financial
for use in fountains, irrigation Centre, which offers 850,000 sf of
MBFC Tower 3 features fittings and cleaning. column-free Grade A office space.
such as low-emissivity glass, which The development features one of
minimises heat load and thermal transfer. Tenants also contribute to reducing the largest photovoltaic systems for
The building also incorporates energy the carbon footprint through the high-rise buildings in Singapore’s central
efficient air-conditioning and lighting recycling of waste and are working business district, an energy-efficientISSUE 1 | 2016 In Focus 11
hybrid chilled water system, as well as
an integrated paper recycling facility.
In 2013, its 2125 sm green wall was
named the World’s Largest Vertical
Garden by the Guinness World Records.
These features have led the
development to win a number of Mr Peck Peng Soon (right),
sustainability awards, including being Deputy GM, Keppel REIT
Property Management, accepted
the first high-rise development in
the bizSAFE Partner Award on
Southeast Asia to achieve the highest behalf of the company from
LEED Platinum certification from the Mr Heng Chiang Gnee, Deputy
US Green Building Council in 2012, Chairman, Workplace Safety and
Health Council, at the 8th annual
as well as the first building in Singapore bizSAFE Convention
to attain the Green Mark Platinum
certification in 2008.
In January 2016, after reassessment by EXEMPLARY PARTNER
the BCA, Ocean Financial Centre was Keppel REIT Property Management The bizSAFE Convention is
re-certified as a Green Mark Platinum Pte Ltd was conferred the bizSAFE organised by Singapore’s
development. The Keppel Land project Partner Award at the 8th annual Workplace Safety & Health
team behind Ocean Financial Centre bizSAFE Convention held at the Council and Ministry of
was also invited to share on the green Singapore Expo on 17 February 2016. Manpower to recognise
technologies incorporated within the companies as well as their
development at industry seminars. A total of 39 companies and business partners and
individuals were recognised at employees for championing
The BCA Green Mark certification is the annual convention. This is the workplace safety and health.
valid for three years from the date highest number of recipients since
of completion of retrofit works. the awards started in 2012. Last year, Keppel Group was a co-sponsor
Thereafter, renewal assessments are 23 awards were presented. of the bizSAFE Convention 2016.
conducted to ascertain continuing
compliance to the requirements of the
prevailing BCA Green Mark criteria
for existing buildings.
LIGHTS OUT
2016 marks the 10th anniversary of
Earth Hour. From a symbolic lights-out
event in one city, Earth Hour,
organised by the World Wide Fund
for Nature, has evolved to become a
global environmental movement that
galvanises the support of millions of
people in over 162 countries to make
a difference for the planet.
EE YOGHURT
@ Ocean Financial Centre Cups FR
1000
In support of Earth Hour, non-essential Daily! Grab one before it ru
ns out!
lights on building façades and public
areas of various Keppel Land 7 Mar - 8 Mar (Mon - Tue)
developments will be switched off for Live Music GREEN
11.30am to 3.00pm Performance
By BEATS
an hour on 19 March 2016. Staff, tenants
Pop by to discover how green offices promote
and residents of Keppel Land properties
a more efficient workforce and a healthier you!
are all encouraged to take part in this
worldwide initiative and do their part in
creating a sustainable world.
ACROSS BORDERS12 Sustaining Growth ISSUE 1 | 2016
Sharing
insights
2015 was a challenging year for the
global economy, and the Singapore
office market was not spared from
the heat.
As CEO of Keppel REIT, one of
Singapore’s leading office REITs,
Ms Ng Hsueh Ling was invited to
discuss challenges and opportunities
facing corporates at the Institute of
Singapore Chartered Accountants
(ISCA) Quarterly Economic Updates
Ms Ng Hsueh Ling (second from left), CEO of Keppel REIT Management, spoke at the
on 27 January 2016. Also at the Institute of Singapore Chartered Accountants Quarterly Economic Updates
session were Mr Manu Bhaskaran,
CEO of Centennial Asia Advisors,
and Ms Suprita Vohra, Director of On the capital management front, Singapore Management University's
Barclays Investment Bank. she explained that the Manager would Wee Kim Wee Centre on 18 February 2016.
continue to maintain a disciplined Addressing about 90 graduates from
Ms Ng shared that Keppel REIT will approach towards mitigating financing, the Lee Kong Chian School of Business,
continue to focus on tenant retention interest rates and foreign exchange risks. Ms Ng shared insights on the S-REIT
and engagement, as well as maintain and office industries, as well as
a healthy and long lease expiry profile Separately, Ms Ng was invited to her experience and the challenges faced
for sustainable income. speak at a CEO Talk organised by in today's economic climate.
Workspaces for
collaboration
True to its brand philosophy of
‘Thinking Unboxed’, Keppel Land
has introduced a serviced office Workspace at
Keppel Towers offers a
and co-working space solution
hybrid of workspaces
at Keppel Towers. that amalgamates
the benefits of
Strategically located in the heart serviced offices and
co-working spaces
of Tanjong Pagar business district,
Workspace at Keppel Towers offers district for easy and convenient access Mr Johnson Koh from Red Dot
a hybrid of workspaces that combine to clients and business associates. Minerals Pte Ltd who moved to
the benefits of serviced offices with Workspace at Keppel Towers since
the vibrant and friendly atmosphere Tenants can work alongside and December 2015, shared that he
of co-working spaces. Flexible shared collaborate with like-minded was drawn to the conducive work
office spaces range from fully professionals, while gaining access to a environment and wide array of
furnished office suites to hot-desking full suite of services including secured amenities. “I strongly encourage
workstations, on short or long term Internet access, as well as meeting like-minded professionals who
leases. This is a cost-effective solution rooms and conference facilities. have always wanted to strike
for start-ups and small-medium There is also a pantry and a common out on their own to create
enterprises looking for well-located breakout area to encourage tenants to something for themselves in
and quality office space in the business interact, collaborate and share ideas. this environment.”ISSUE 1 | 2016 Empowering Lives 13
On 28 January 2016, almost
3,000 Keppelites gathered in over
Harnessing strengths 70 locations worldwide for the second
annual groupwide virtual townhall
meeting, the Global Keppelites Forum.
At the Global Keppelites Forum 2016, the annual
At the event, Mr Loh Chin Hua, CEO
groupwide townhall, Mr Loh Chin Hua, CEO of
of Keppel Corporation and Chairman
Keppel Corporation and Chairman of Keppel Land,
of Keppel Land, shared on Keppel’s
shared the Group’s progress on its journey towards progress on its journey towards
Vision 2020 with Keppelites around the world. Vision 2020, Keppel’s holistic
development roadmap to become
one of the top well-run, best-in-class
conglomerates worldwide by 2020.
Vision 2020 was first unveiled at the
inaugural forum in 2015.
Keppel has taken significant steps
towards Vision 2020 through
measures such as the privatisation
of Keppel Land, which aligned the
interests of the Property Division
with the group, the proposed
consolidation of Keppel’s
subsidiaries in business trust,
real estate investment trust and fund
management businesses to grow
At the Global Keppelites Forum, Mr Loh
Chin Hua, CEO of Keppel Corporation and the contribution from its Investment
Chairman of Keppel Land, provided an update Division, and other steps taken to put
on Keppel’s progress towards Vision 2020, in place more robust processes in the
the Group’s holistic development roadmap
towards the year 2020
company and strengthen leadership
Pantone Code:
Pantone 186 C
renewal
100%
and succession planning.
70%
A MULTI-BUSINESS
Pantone 8401 C STRATEGY
100%
70%
With
50%his address being broadcast ‘live’
from the Keppel Leadership Institute
CMYK Breakdown:
in Singapore,
10C 100M 100Y Mr Loh provided insights
on65%
theBlack
performance and achievements
of the various business units,
reiterating Keppel’s commitment
to its multi-business strategy.
“In the past year, we have been
buffeted by numerous headwinds,
such as volatility in financial markets.
Despite the many challenges that
we faced at home and abroad,
Keppel performed creditably in 2015.
Our performance last year reflects
our strengths as a conglomerate.
The results would have been much
weaker if we had depended on any
single business,” he said.
The new icons for Keppel’s Operating Principles
were unveiled at the Global Keppelites Forum 2016 Continues on page 14 »
ACROSS BORDERS
hardson14 Empowering Lives ISSUE 1 | 2016
» Continued from page 13
Mr Loh also reassured Keppelites about
the company’s future and encouraged
them to continue to work hard,
innovate and to face challenges with
Keppel’s trademark Can Do! spirit.
ONE KEPPEL
“With all the negative news today,
CEO of Keppel Corporation and Chairman of Keppel Land Mr Loh Chin Hua (centre), CFO of
it is inevitable that some of us have Keppel Corporation Mr Chan Hon Chew (third from left), together with the various business unit heads,
concerns about the company’s future. including CEO of Keppel Land Mr Ang Wee Gee (second from left), took questions from the audience
We need to remember that Keppel has tuning in via webcast
many strengths. We have a very strong
team of leaders in place, and this Mr Loh also used the occasion of Keppel Land, Mr Ang Wee Gee,
downturn also provides an opportunity to unveil a set of new icons to gamely fielded queries from
for the new and younger leaders represent Keppel’s seven Operating Keppelites around the world.
to be tested. Principles, to better illustrate the
guiding principles by which the Over 120 questions came fast and
“We need to collaborate as ‘One Keppel’. group operates. furious courtesy of the ‘live’ web
Not just to tackle the challenges ahead portal, Pigeonhole, with more than
of us but to come together as a group During the question and answer 3,360 votes cast for the questions.
to execute well, think out of the box segment, Mr Loh, Mr Chan Hon Chew, Topics discussed included career
and be prepared for the future,” CFO of Keppel Corporation, and the prospects, work-life balance and
Mr Loh said. various business heads including CEO preventing groupthink.
Dedicated worker
Keppelites are renowned for their grit,
relentless work ethic, as well as their
unwavering dedication - qualities
which have enabled them to serve
the Company over the years and see it
grow from strength to strength. Such
is their loyalty that many have stayed
Having dedicated over
with Keppel through thick and thin. 26 years of his working life
to Keppel Land, Mr Goh
Retiring with fond memories is Han Kee, former Deputy GM,
Mr Goh Han Kee, who recently Projects, at Keppel Land,
is enjoying his golden years
stepped down as Deputy GM, Projects, with his family, including
at Keppel Land. At his farewell lunch, his wife and 10-month-old
Mr Goh thanked his colleagues for granddaughter
their teamwork and observed that
“Keppel’s core values are also relevant grandfather. When he does not have on topics such as engineering,
and applicable to our personal lives”. his hands full helping to look after his technology, politics and the
10-month old granddaughter, he is general economy.
Having spent about three-quarters busy with a regular exercise schedule
of his working life at Keppel Land, of table tennis, bowling, badminton He said half-jokingly, “After over
Mr Goh recounted how many and even Zumba. 26 years in Keppel, I now have the
Keppelites returned to the fold after time to finally pursue my passions,
leaving the Company, a testament A lifelong learner, Mr Goh has taken without the pressure of work!
to Keppel’s enduring appeal as the opportunity to pick up wildlife and I believe that Keppel Land,
an employer. landscape photography. He keeps with its years of experience in the
himself updated on property trends real estate industry and its team of
Since retiring, Mr Goh has embraced despite having left the real estate capable staff, will continue to shape
his new role as a full-time doting industry, also reading voraciously Singapore’s landscape.”ISSUE 1 | 2016 Empowering Lives 15
Ringing in the
Lunar New Year
CEO of Keppel Land, Mr Ang Wee Gee, together with
other members of senior management and staff across
the Keppel Land Group, rang in the Lunar New Year,
with celebrations across its countries of operations,
including Singapore, China and Vietnam.
Top, Keppel Land senior management and staff celebrated the
Lunar New Year at the Company's staff lounge, Kloud, on 19 February 2016
Putting a colourful spin on the festivities, management and staff of Keppel REIT Management held a lunchtime performance
Keppel Land China celebrated Lunar New Year with by Chinese chamber music ensemble Ding Yi Music Company
a costume-themed party on 22 January 2016 at Ocean Financial Centre on 16 February 2016
Management and staff of Keppel Land (Vietnam) had a jolly good time
at the company’s Lunar New Year celebrations16 Nurturing Communities ISSUE 1 | 2016
Giving back
Keppel land strives to
contribute positively
to the communities
wherever it operates.
Over the months of
November and December 2016,
staff in Singapore, Vietnam
and Myanmar organised
activities to bring smiles
to the less fortunate.
SINGAPORE
Keppel Land participated in the Keppel Land participated in Metropolitan YMCA’s MY Blessings community outreach event,
Metropolitan YMCA’s MY Blessings where staff volunteers distributed goodie bags and food items to needy families
community outreach event on
18 December 2015. Eleven staff
volunteers took part in the event,
distributing goodie bags and food
items to over 150 needy families,
to spread cheer during the
festive season.
Elsie Lee, Confidential Secretary,
at Keppel Land, said, “It was such
a humbling and heartwarming
experience to be able to do something
meaningful for the less fortunate
during this season of giving.”
In a separate event, staff from
Keppel Land and Keppel Infrastructure
joined hands in a donation drive
to collect secondhand toys
and games for children from
low-income families residing in the VIETNAM Keppel Land’s Project Management and
Sustainable Design Unit spearheaded a
Marine Terrace precinct. bento-making session with the elderly
Sedona Suites Hanoi held its annual residents of Ren Ci Nursing Home
The hard work of the volunteers charity bazaar on 5 December 2015,
yielded 183 toys, educational game which saw residents donate pre-owned
sets and stationery items which were items to raise money for charity.
subsequently distributed to Sedona staff also rallied with the
the beneficiaries. hotel’s business partners to canvass for
donations in cash or in-kind.
In another initiative, Keppel Land’s
Project Management and Sustainable The event saw over 600 members
Design Unit spearheaded a bento-making of the public lend their support for
session with the elderly residents the event. Proceeds from the bazaar
of Ren Ci Nursing Home. Over 20 were used to purchase powdered
Keppel Land staff took part in the milk, diapers and clothes for Thuy An
initiative to brighten up the lives of Orphanage in Ba Vi district, which
the beneficiaries. houses children with disabilitiesISSUE 1 | 2016 Nurturing Communities 17
and underprivileged families.
The items were then delivered to
the orphanage by the volunteers.
MYANMAR
Sedona Hotel Yangon held a charity
drive from 1 November to
31 December 2015 in support of
Grace Home, a local orphanage for
children aged three to 18.
The hotel sponsored over 350 teddy
bears, which were then sold to
raise funds for the orphanage.
The activity raised over US$3,500,
which was used to purchase
educational materials and basic
necessities for the children.
The hotel also sponsored gifts for the
children, which were distributed to
them during their visit to the hotel on
19 November 2015.
Top, Mr Saman Sarathchandra (in brown
jacket), Senior GM at Sedona Suites Hanoi,
led a team of volunteers to deliver donated
items to Thuy An Orphanage in Ba Vi district
Left, Mr Mok Kok Meng (extreme right),
GM of Sedona Hotel Yangon, distributed
goodie bags to the children of Grace Home
on behalf of the hotel
Run for
a cause
To promote a healthy lifestyle
and engage the local community,
Keppel Land China is jointly
organising a charity run with the
People’s Government of Sheshan Town
and the Shanghai Charity Foundation
on 16 April 2016.
Ahead of the charity run to be held in April 2016, Mr Wong Liang Kit (right), Project Head of Hill Crest
Villa, and Xun Ningjun (centre), Deputy Head of Centre for Social Services of Sheshan town, Songjiang
This was announced during a media District, jointly present the official charity run T-shirt to Ms Jin Mingzhu (left), Vice-President of Shanghai
conference which was held ahead Charity Foundation, at a media conference for the event held on 26 January 2016
of the event on 26 January 2016,
where over 30 media and Themed “Love without Boundaries”, to children suffering from critical
representatives from the local the run will take place at the illness such as leukemia and
government, Shanghai Charity Sheshan precinct in Shanghai where haemophilia as well as their families,
Foundation, Shanghai-Singapore Keppel Land China’s development, through the Keppel Land China
Business Association and business Hill Crest Villa, is located. Funds raised Special Fund, under the Shanghai
partners were present. through the run will be donated Charity Foundation.
ACROSS BORDERS18 Nurturing Communities ISSUE 1 | 2016
Gifts of
warmth Staff from Spring City
Golf & Lake Resort rallied
to gather pre-owned
Management and staff of the clothing and beddings
Spring City Golf & Lake Resort for the less fortunate
(Spring City) in Kunming organised in villages under the
Civil Administration of
a donation drive on 22 January 2016 Tangchi in Heilongjiang
to gather pre-owned clothing and Province, China
beddings for beneficiaries from the
Civil Administration of Tangchi in These will help underprivileged Said Mr Edwin Hu, GM of Spring City,
Heilongjiang Province, China. villagers from Tangchi and the “We seek to give back to the less
surrounding areas keep warm and fortunate whenever we can. Rallying
A total of 28 overalls, 77 heat comfortable during the bitterly cold our staff to donate these items to the
blankets and 95 pillows were winter months, when temperatures underprivileged was the least we could
collected and subsequently donated. often drop to extremes of -40°C. do to extend a helping hand.”
Staff volunteers from
Raffles Quay Asset
Management and
students of Lighthouse
School proudly displayed
their artworks (main
picture) which were
then adapted for an art
exhibition at Marina Bay
Link Mall from 25 January
to 21 February 2016 (inset)
Cheerful works of art
Since July 2015, Raffles Quay Asset properties in which Keppel REIT owns while exercising their creativity at the
Management (RQAM) has been a one-third interest. same time.
working with Lighthouse School to
organise activities for its students. On 15 January 2016, RQAM staff The artworks were then adapted for an
Lighthouse School provides special volunteers spent a meaningful exhibition held at Marina Bay Link Mall
education to visually- and hearing- afternoon guiding students from the as part of its Chinese New Year festivities
impaired children. school in creating colourful works of from 25 January to 21 February 2016.
art featuring the 12 animals of the Through such enriching activities, RQAM
RQAM manages Marina Bay Financial Chinese zodiac. Students learnt hopes to make a positive impact on the
Centre and One Raffles Quay, about Chinese New Year traditions lives of Lighthouse School students.INTERNATIONAL NETWORK
SINGAPORE KUNMING WUXI
Keppel Land Limited Spring City Golf & Lake Resort CityOne Development (Wuxi) Co., Ltd.
230 Victoria Street Tangchi, Yiliang, South of Gaolang Road &
#15-05 Bugis Junction Towers Kunming East of Nanhu Avenue
Singapore 188024 Yunnan Province, China 652103 Central Park City Sales Gallery
Tel: (65) 6338 8111 Tel: (86) 871 6767 1188 Wuxi
Fax: (65) 6337 7168 Fax: (86) 871 6767 1119 Jiangsu Province, China 214131
Tel: (86) 510 8283 2208
Keppel Land NANTONG Fax: (86) 510 8283 2213
Retail Management Pte Ltd Keppel Lakefront (Nantong) Property
1 Fifth Avenue Development Co., Ltd. ZHONGSHAN
#02-06/07 Guthrie House 10 Shanghai Road Sunsea Yacht Club (Zhongshan) Co., Ltd.
Singapore 268802 NETDA 1203 12/F Tower 2, The Summit
Tel: (65) 6466 2555 Jiangsu Province, China 226010 88 Zhongshan Fourth Road
Fax: (65) 6466 0578 Tel: (86) 513 8919 9798 East District, Zhongshan,
Fax: (86) 513 8919 0788 Guangdong Province, China 528403
CHINA Tel: (86) 760 8892 6108
BEIJING SHANGHAI Fax: (86) 760 8892 6178
Beijing Kingsley Property Keppel Land China Limited
Development Co., Ltd. (Head Office) INDIA
Unit 706 39th Floor Wheelock Square BANGALORE
China World Office 2 1717 Nanjing West Road Keppel Puravankara Development Pvt Ltd
No. 1 Jian Guo Men Wai Avenue Shanghai, China 200040 No. 39, 8th Main, 1’A’ Cross
Chaoyang District Tel: (86) 21 6171 2121 Vasanthnagar
Beijing, China 100004 Fax: (86) 21 6171 2122 Bangalore 560052, India
Tel: (86) 10 6505 0866 Tel: (91) 08 4150 5000
Fax: (86) 10 6505 0865 Keppel Land (Shanghai) Fax: (91) 08 4150 5008
Management Co., Ltd.
Beijing Aether Property Room 3601 Park Place INDONESIA
Development Co., Ltd. 1601 Nanjing West Road BATAM
Block A, Room 701, Hanwei Plaza Shanghai, China 200040 PT Nongsa Point Marina
No. 7 Guanghua Road Tel: (86) 21 6288 3066 Jl. Hang Lekiu
Chaoyang District Fax: (86) 21 6288 2799 Nongsa, Batam 29432, Batam, Indonesia
Beijing, China 100004 Tel: (62) 778 761 333
Tel: (86) 10 6561 8822 Alpha Investment Partners China Limited Fax: (62) 778 761 330
Fax: (86) 10 6561 3322 Room 1907 Shui On Plaza
333 Middle Huai Hai Road BINTAN
CHENGDU Shanghai, China 200021 PT Ria Bintan
Chengdu Hillstreet Development Co., Ltd. Tel: (86) 21 6333 9696 Jl. Perigi Raja
Unit 903 New Hope Tower Fax: (86) 21 6333 7338 Lagoi North Bintan
45 Ren Min Nan Lu Section 4 Kepulauan Riau Bintan Resorts
Chengdu SHENYANG Indonesia 29152
Sichuan Province, China 610041 Keppel Township Development Tel: (62) 770 692 868
Tel: (86) 28 8702 6688 (Shenyang) Co., Ltd. Fax: (62) 770 692 837
Fax: (86) 28 8701 5599 No. 26 Puxin Road
Shenbei New District JAKARTA
Jiangyin Shenyang PT Keppel Land
Jiangyin Evergro Property Co., Ltd. Liaoning Province, China 110135 PT Kepland Investama
#7 Clubhouse, Stamford City Tel: (86) 24 8972 7567 PT Harapan Global Niaga
Wenhua Lu (Opposite Jiangyin Tianhua Fax: (86) 24 8972 7466 International Financial Centre 17th Floor
Cultural Centre) Jl. Jend. Sudirman Kav. 22-23
Jiangyin TIANJIN Jakarta 12920, Indonesia
Jiangsu Province, China 214400 Keppel Hong Da (Tianjin Eco-City) Tel: (62) 21 571 2238
Tel: (86) 510 8683 9999 Property Development Co., Ltd. Fax: (62) 21 571 1813
Fax: (86) 510 8641 0780 No. 2018 Zhong Tian Da Dao RBO Block 13,
Level 1 Unit 101, Eco-Business Park, SURABAYA
Sino-Singapore Tianjin Eco-City, PT Sentral Tunjungan Perkasa
Jiangyin Yangtze International
Tianjin, China 300467 Jl Kenari 3-5
Country Club Co., Ltd
Tel: (86) 22 6633 1088 Surabaya 60275, Indonesia
No. 1 Longtao Road
Fax: (86) 22 6537 6025 Tel: (62) 31 532 7261
Jiangyin
Fax: (62) 31 531 4957
Jiangsu Province, China 214431
Tel: (86) 510 8685 5333
Fax: (86) 510 8685 8060INTERNATIONAL NETWORK
JAPAN SOUTH KOREA Quang Ba Royal Park JV Co.
TOKYO SEOUL 96 To Ngoc Van Street,
Alpha Investment Partners Alpha Investment Partners Tay Ho District
Japan Limited Korea Private Limited Hanoi, Vietnam
Fukoku Seimei Building 21F Unit 3608 Trade Tower Tel: (84) 4 3823 8995/8993
2-2-2 Uchisaiwaicho, Chiyoda-ku 159-1, Samsung-Dong, Gangnam-Gu Fax: (84) 4 3823 9046
Tokyo 100-0011, Japan Seoul 135-729, Korea
Tel: (81) 3 5510 7551 Tel: (82) 2 551 3387 International Centre
Fax: (81) 3 5510 7552 Fax: (82) 2 551 3380 Unit 04, 7th Floor, International Centre
17 Ngo Quyen, Hoan Kiem District
MALAYSIA SRI LANKA Hanoi, Vietnam
JOHOR BAHRU COLOMBO Tel: (84) 4 3824 1125/6/7
Tanah Sutera Development Sdn Bhd Keppel CT Developments Pte Ltd Fax: (84) 4 3824 1124
No. 2 Jalan Sutera Merah 2 Level 34, East Tower
Taman Sutera World Trade Centre, Echelon Square Sedona Suites Hanoi
81200 Johor Bahru, Malaysia Colombo 1, Sri Lanka 96 To Ngoc Van Street, Quang Ba
Tel: (60) 7 289 9009 Tel: (94) 11 7468 500 Tay Ho District
Fax: (60) 7 289 9119 Fax: (94) 11 7468 502 Hanoi, Vietnam
Tel: (84) 4 3718 0888
MYANMAR TAIWAN Fax: (84) 4 3718 0666
MANDALAY TAIPEI
HO CHI MINH CITY (HCMC)
Sedona Hotel Mandalay Alpha Investment Partners Taiwan
th th Keppel Land Vietnam Company Ltd
No. 1 Junction of 26 & 66 Street Limited
(Head Office)
Chan Aye Tharzan Township Room G 10 Floor
Unit 2, 8th Floor, Saigon Centre
Mandalay, Myanmar No. 1, Songzhi Road, Xinyi Dist.,
65 Le Loi Boulevard, District 1
Tel: (95) 2 36 488 Taipei 11047
HCMC, Vietnam
Fax: (95) 2 36 499 Taiwan
Tel: (84) 8 3821 8000
Tel: (886) 2 7737 8558
YANGON Fax: (84) 8 3821 3540
Fax: (886) 2 7737 8559
Sedona Hotel Yangon
Keppel Land Watco Co. Ltd
No. 1 Kaba Aye Pagoda Road THAILAND 4/F Saigon Centre
Yankin Township BANGKOK 65 Le Loi Boulevard, District 1
Yangon, Myanmar Keppel Thai Properties Public HCMC, Vietnam
Tel: (95) 1 666 900 Co. Limited Tel: (84) 8 3823 2500
Fax: (95) 1 666 911 30th Floor Jewellery Centre Building Fax: (84) 8 3822 9822
138/108 Nares Road, Sipraya, Bangrak
THE PHILIPPINES Bangkok 10500, Thailand Sedona Suites Ho Chi Minh City
ORTIGAS, MANILA Tel: (66) 2 237 1999 Saigon Centre,
Keppel Philippines Properties, Inc. Fax: (66) 2 237 2666 65 Le Loi Boulevard, District 1
Units 2203-2204
HCMC, Vietnam
Raffles Corporate Center Building VIETNAM Tel: (84) 8 3822 9666
F Ortigas Jr. Avenue HANOI Fax: (84) 8 3822 9229
Ortigas Center Keppel Land Vietnam Company Ltd
Pasig City 1605 (Hanoi Branch Office)
Tel: (63) 2 584 6170/71 Unit 04-05, 5th Floor, International Centre
Fax: (63) 2 584 3915 17 Ngo Quyen Street, Hoan Kiem District
Hanoi, Vietnam
Tel: (84) 4 3936 7745
Fax: (84) 4 3936 7680
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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 3688
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please email Marketing at marketing@keppelland.com
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