Issue 1 2016 - Keppel Land

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