investor meetings - keppelland.com · investor meetings august - september 2013 ... share price :...
TRANSCRIPT
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Investor Meetings
August - September 2013
Disclaimer This release may contain statements which are subject to risks and uncertainties that could cause actual results to differ materially from such statements. You are cautioned not to place undue reliance on such statements, which are based on the current views of Management on future developments and events.
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Introduction
Strategy
Key Updates
Market Outlook
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Contents
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Introduction
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Share Price : $3.43 (26 Aug 2013)
Market Capitalisation : $5.3b (26 Aug 2013)
Total Number of Issued Shares : About 1.5b (as at end-Jun 2013)
Total Assets : $12.4b (as at end-Jun 2013)
Key Indices : FTSE ST Real Estate Index FTSE Asia Pacific ex-Japan Index FTSE All-World Index FTSE EPRA/NAREIT Global Real Estate Index FTSE ST China Top Index FTSE RAFI Index EPRA/NAREIT Index Dow Jones Sustainability Asia Pacific and World Indices
Key Statistics
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Core Businesses
Property Development for Sale
• Lifestyle residential developments and townships, Investment-grade offices, mixed-developments
Property Fund Management
• Total AUM of $17b^
- Pan-Asia commercial REIT : $6.6b
- Manager of 5 private equity funds : $10.4b
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^ When fully leveraged and invested
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Competitive Strengths
Extensive Network in Asia
Good Track Record
Strong Financial Profile
Strong Commitment in Corporate Social Responsibility
In 10 countries and more than 30 cities
Local presence and sound market knowledge
Experienced management team
Proven execution skills and masterplanning expertise
Healthy balance sheet
Diverse sources of funding and loan facilities
High environmental, social and governance (ESG) standards
Benchmarked against International standards
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Strategy
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Focus on core markets and growth markets
Expand commercial portfolio overseas
Grow recurring fee income through fund management business
Compete on quality, innovation and branding
Strategy
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Focus on Core and Growth Markets
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Deepen presence in core markets
• Singapore
• China : Focus on Shanghai, Beijing, Tianjin, Chengdu, Wuxi
Strengthen position in growth markets
• Vietnam : Focus on Ho Chi Minh City
• Indonesia : Focus on Jakarta
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Reinforce Brand Identity
New Branding Campaign : Thinking Unboxed - 思无限, 创非凡
Commitment to continually innovate and shape the future
Key Updates
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Investments Year-to-Date Effective
Stake Amount Invested
Singapore
Tiong Bahru site 100% $550.3m
China
Life Hub @ Jinqiao, Shanghai 34% $157m
Prime residential site, Sheshan, Shanghai 100% $266m
Total $973.3m
Invested Close to $1 billion YTD
Strengthen Position in Core Markets
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First JV project : Vanke took 30% stake in The Glades in Singapore
Exploring similar collaborations in China
Learn Best Practices
Tap on Extensive Network • Well-diversified in Asia
with presence in 10 cities in China
• China’s largest residential developer with presence in about 60 cities
Scale Up in Growth Cities
Strategic Alliance with China Vanke
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Key Updates – Singapore
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Singapore
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Launching The Glades Soon
Tap on demand for suburban homes with good amenities
Next to Tanah Merah MRT station : Near airport, SUTD^, East Coast Park, Changi Business Park, golf courses and malls
Benefit from the development of Changi Airport into a lifestyle destination :
• Retail mall, restaurants and indoor garden
Features 726 units : Loft apartments, SOHOs*, dual-key and 1- to 4- bedroom units
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The Glades
^ Singapore University of Technology and Design * Small Office/ Home Office
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Singapore
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Encouraging Sales at Corals at Keppel Bay
Sold over 93% (148 units) of 160 launched units since end-May 13
ASP : $2,200 psf
Near Harbourfront MRT station
Close to CBD, VivoCity and Resorts World Sentosa
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Corals at Keppel Bay
Singapore
Design Development of Prime City-fringe Site
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Near Tiong Bahru MRT station
Close to : CBD, Orchard Road, Great World City, Tiong Bahru Plaza, Crescent Girls’ School and Conservation Area
Features about 500 homes : Mostly 1- to 4-bedrooms (500-1,350 sf)
Expected launch : 1Q14
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About 90% committed as at end-Jun 13
60%:40% mix of tenants from financial and non-financial sectors
• Non-financial sectors include legal, oil and gas, resources and business services
Tenants include : Wong Partnership, Clifford Chance, Rio Tinto, Mead Johnson, McGraw-Hill, Milbank
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Singapore
MBFC Tower 3 : Capitalise on Demand from Diverse Sectors
Marina Bay Financial Centre 19
Key Updates – Overseas
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Expand Commercial Presence in Key Growth Cities
International Financial Centre Jakarta Tower 2 GFA : 64,000 sm Est. Completion : 2015
Saigon Centre Ph 2, Ho Chi Minh City GFA : 100,000 sm Est. Completion : 2015 (retail podium)
Seasons City, Tianjin Eco-City GFA : 162,000 sm Est. Completion : 2017 (Phase 1)
Commercial Development, Beijing GFA : 100,000 sm Est. Completion : 2015
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Overseas
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China
Foray into Shanghai’s Retail Market
Life Hub @ Jinqiao
Location Pudong District, next to Metro Line 6 Jinqiao Station
GFA Retail : 98,630 sm Office : 16,102 sm
Occupancy
97% Leading brands : Uniqlo, Nike, Mercedes Benz and Lexus
Acquisition Price
About RMB28,800 psm^
^ Includes net debt
Life Hub @ Jinqiao
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China
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Secured Prime Site in Shanghai’s Prestigious Landed Enclave
Near international airport, international schools and national park
Location Sheshan, Shanghai
No. of Units 200 landed homes
Expected Launch
2H14
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Jan-Jul : Sold about 2,270 units; Jul : 325 units
Good sales at The Botanica and The Springdale
• Average 100 units sold per month at each development
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Project Units Sold
YTD end-Jul 13 ASP
(RMB psm)
8 Park Avenue, Shanghai 63 70,000
Park Avenue Heights, Chengdu 161 14,500
The Botanica Ph 7, Chengdu 946 8,200
The Springdale Ph 2 and 3, Shanghai 777 12,100
Strong Sales Momentum
China
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8 Park Avenue
Park Avenue Heights
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China
Potential New Launches in 2H13
^ Nantong Economic & Technological Development Area
Seasons Residence, Nanxiang, Shanghai
Waterfront Residence, Nantong
Hill Crest Villa, Mumashan, Chengdu
• 1,187 apartments • In a mature satellite town • Accessible to city centre
• 236 landed homes • In NETDA^ town centre
• 274 landed homes • In established villa enclave • Near airport and future CBD
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Unlock Value in Jakarta Garden City
Indonesia
Capitalise on opportunity to divest 51% stake to partner^
• JV with Modernland since 2004
• Net proceeds: About $275m
• Divestment gain: About $186m
Remains committed in Indonesia, with a focus on Jakarta
• Recycle capital for other development and investment opportunities
Jakarta Garden City
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^ Subject to Modernland obtaining approval from its shareholders in an EGM and the necessary funding
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Key Updates – Fund Management
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^ When fully leveraged and invested
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Fund Management
Continued Growth in Total AUM to $17b^
$9.8b $11.2b $14.8b $15.3b $17.0b $9.8b $6.1b $3.7b
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Fund Management
Steady Growth with Acquisitions and Closing of AAMTF II
Keppel REIT
• Higher liquidity: Free float increased to 48.5%
• Acquired 50% stake in prime office building in Melbourne’s CBD in 1H13
Alpha Investment Partners
• AAMTF II^ : Closed at US$1.65b
Acquired Hotel ibis Singapore Novena and stake in Life Hub @ Jinqiao, Shanghai
• ACPREF* : Divested 135 Cecil Street 8 Exhibition Street, Melbourne
^ AAMTF II : Alpha Asia Macro Trends Fund II *ACPREF : Alpha Core Plus Real Estate Fund
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Market Outlook
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Singapore R
esi
de
nti
al
(1) URA (2) JLL (3) CBRE
Co
mm
erc
ial Office take-up : About 0.47m sf(1) in 1H13
• Mainly from non-financial sectors eg. legal, energy and business services
Grade A rents remained stable : $9.55 psf in 2Q13(3)
Limited new Grade A supply over the next 2 years
Home sales affected by Total Debt Servicing Ratio, the latest cooling measure
• 481 units sold in Jul 13 vs 1,806 units in Jun 13(1) amid fewer launches
• Slower purchasing process : Banks take longer time to assess loan quantum(2)
Sales volume for 2013 likely to be lower than 2012
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Overseas
Ch
ina
Vie
tnam
Residential market remains firm despite slowing economic growth
• Home prices continue to rise in most cities in Jul 13(1)
• GDP growth of 7.6% in 1H13 vs 7.8% in 1H12(1)
Residential market may take a while to see sustained recovery
Stable prime office take-up and rentals with limited supply and steady FDI flow
Ind
on
esia
Low interest rates and rising demand support home sales
Strong office demand in Jakarta with corporate expansion and limited supply(2)
(1) National Bureau of Statistics of China (2) JLL 32
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Additional Slides
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FY2012 FY2011^ FY2010^ FY2009 FY2008 FY2007
Turnover ($m) 938.9 949.0 685.4 923.9 842.2 1407.9
Pre-tax Profit ($m) 987.3 1,477.0 1,176.8 358.6 314.0 988.7
Net Profit ($m) 838.4 1,374.7(1) 1,052.9(2) 280.4 227.7 779.7(3)
Overseas Earnings (% of Net Profit)
19.1 24 39.5 31.5 29.5 39.7
EPS (¢) 55.5 93.8 73.3 24.2 22.4 76.9
NTA/Share ($) 3.99 3.74 2.95 2.36 3.39 3.18
Net Debt/Equity Ratio (x) 0.22 0.10 0.21 0.23 0.52 0.41
ROE (%)* 14.8 32.1 31.0 10.1 9.9 46.2
Total Dividend / Share (¢) 12 20 18 8 8 20
^Restated *Average ROE : 19.6% (past 5 years), 24% (past 6 years) (1) Includes corporate restructuring surplus of $480.3m from sale of 87.5% interest in OFC (2) Includes corporate restructuring surplus of $363.8m from sale of 1/3 interest in MBFC Phase 1 (3) Includes corporate restructuring surplus of $235.2m from sale of 1/3 interest in ORQ
Financial Profile
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Financial Highlights
1H2013 1H2012 % Chg
Turnover ($m) 537.4 300.5 78.8
EBITDA ($m) 104 67.2 54.8
Pre-tax Profit ($m) 211.3 288.1 (26.7)
Net Profit ($m) 192.1 236.6 (18.8)
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Asset Breakdown
Total Assets of $12.4b as at end-Jun 13
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Balance Sheet Profile Healthy cash position : About $1b as at end-Jun 2013
Strong financial capacity of over US$3b unutilised from :
• US$3b MTN programme : US$2.75b unutilised
• US$800m MTN programme : US$332m unutilised
Additional debt headroom of about $1.4b if gear up to 0.6x
End-Jun 13 End-Dec 12
Net Debt $2.7b $1.5b
Net Debt/ Equity Ratio 0.4x 0.22x
Avg Interest Rate of Borrowings 2.6% 2.4%
Interest Cover Ratio(1) 16.6x 51.4x
(1) Interest Cover Ratio =
Profit Before Interest and Tax
Net Interest Cost on External Borrowings 37
Loan Maturity Profile
2%
4%
5%
9%
22%
3%
9%
36%^
9%
1%
Rolling
2024
2022
2019
2018
2017
2016
2015
2014
2013
Total Debt : $3.7b as at end-Jun 13
Debt maturing in 2013: 1% from 23% as at end-Dec 2012
Weighted avg. debt maturity : 3.9 years vs 3.4 years as at end-Dec 2012
Fixed rate debt : 42% vs 62% as at end-Dec 2012
^ Includes convertible bonds maturing 29 November 2015
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Source : Land Transport Authority, 26 March 2012
Reflections at Keppel Bay
Sentosa Island
Proposed redevelopment of
KTGE Towers
Marina Bay Suites
The Glades
The Luxurie
Corals at Keppel Bay
Residential Development at
Tiong Bahru
Singapore
Developments Located Near MRT Stations
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Shenyang
Beijing
Tianjin
Nantong
Jiangyin
Wuxi
Shanghai
Chengdu
Kunming
Zhongshan
3 mega-regions : Western Region Greater Bohai Rim Region Yangtze River Delta Region
China
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Over 21,000 homes sold since 2000
Focus on condominiums, villas, townships, waterfront homes and eco-developments
Completed over 20,000 homes
Assets size of $5.1b as at end-Jun 2013
Up 27.5% since end-2012
Comprises About 42% of total assets
Over 20 projects across 10 cities
17 projects in six emerging megacities*
About 41,000 homes in the pipeline
* EIU : Megacities include Beijing, Shanghai, Tianjin, Shenyang, Chengdu, Guangzhou
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Extensive Presence
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Shareholding Structure
• KLL : 55% ; KCL : 45%
Keppel Land’s developments in the Start-Up Area (SUA)
• Residential : 4,354 units to be developed over several phases
• Seasons Park (1,672 units) : About 71% of 1,105 launched units sold as at end-Jul 13
• Commercial : GFA of 162,000 sm at Seasons City
Sustainable Eco-Township : Sino-Singapore Tianjin Eco-City
China
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KLL owns an effective 15.75% stake in Tianjin Eco-City project
More than 900 companies have invested, with total registered capital of RMB60b
* Summarised graphical representation and not the legal representation of the shareholding structure
Tianjin Eco-City Shareholding Structure*
Tianjin Eco-City (JV)
50% 50%
45% 35% 20%
Registered Capital : RMB 4 billion
Singapore Consortium
Keppel Integrated Engineering Keppel Corporation Keppel Land
Chinese Consortium
Singbridge Int’l S’pore
90% 10%
China
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(1) As at end-Jul 13 (2) Exclude about 150 units set aside for corporate residences (3) Estimated no. of units
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Project KLL’s Stake
Tenure Attributable Land
Area (sf) Attributable
GFA (sf) Total Units
Remaining Units(1)
Launched Projects
Corals at Keppel Bay 30% 99-yr 125,366 152,999 366 218
Reflections at Keppel Bay 30% 99-yr 269,759 624,527 1,129 74(2)
Marina Bay Suites 33.3% 99-yr 19,016 156,462 221 23
Upcoming Projects
Keppel Bay Plot 4 11.7% 99-yr 35,992 40,300 234(3) 234
Keppel Bay Plot 6 30% 99-yr 141,120 67,813 86(3) 86
Keppel Towers & GE Tower 100% Freehold 85,305 477,706 590(3) 590
The Glades 70% 99-yr 240,220 384,357 726 726
Tiong Bahru Devt 100% 99-yr 118,303 473,218 500(3) 500
Total 1,035,081 2,377,382 3,852 2,451
Residential Landbank - Singapore
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Project Location KLL's Stake Total Land Area
(sm) Total GFA
(sm)
Remaining Area For Sale (sm)
Remaining Units
For Sale*
8 Park Avenue Shanghai 99% 33,432 136,893 58,256 315
Park Avenue Central Shanghai 99% 28,488 99,708 99,708 708
The Springdale Shanghai 99.4% 264,090 328,792 # 120,394 ^ 716
Seasons Residence Shanghai 99.9% 71,621 128,917 128,917 1,187
Landed Devt, Sheshan Shanghai 100% 175,000 + + +
Waterfront Residence Nantong 100% 172,215 189,437 # 189,437 # 1,199
Central Park City Wuxi 49.7% 352,534 670,931 # 298,635 ^ 2,130
Waterfront Residence Wuxi 100% 215,230 322,844 322,844 2,500
Mixed-Use Devt Wuxi 100% 66,010 165,025 # 165,025 1,135
Stamford City Jiangyin 99.4% 82,987 305,728 # 224,913 1,109
The Botanica Chengdu 44.05% 419,775 1,049,438 ^ 91,803 ^ 748
Park Avenue Heights Chengdu 100% 50,782 203,129 191,765 1,394
Hill Crest Villa Chengdu 100% 249,330 163,147 163,147 274
Landed Devt Chengdu 100% 286,667 243,100 243,100 573
The Seasons Shenyang 100% 348,312 365,186 # 348,342 ^ 2,577
Hunnan Township Development Shenyang 99.8% 302,681 756,580 756,580 7,026
Serenity Villa Tianjin 100% 128,685 80,000 79,588 340
Mixed-use Devt Tianjin 100% 1,666,665 1,358,202 1,358,202 11,299
Tianjin Eco-City Tianjin 55% 365,722 633,798 # 557,908 # 3,564
Integrated Marina Lifestyle Devt Zhongshan 80% 857,753 443,177 443,177 1,647
Hill Crest Residence (Ph 1) Kunming 68.8% 71,920 20,193 3,466 23
Hill Crest Residence (Ph 2) Kunming 68.8% 99,759 24,428 24,428 130
La Quinta II Kunming 68.8% 23,034 10,928 2,223 15
Total 6,332,692 7,699,581 5,871,858 40,609
* As at end-Jul 13 # Includes commercial area ^Excludes commercial area
Residential Landbank - China
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Residential Landbank - Other Overseas
* As at end-Jul 13 # Includes commercial area ^Excludes commercial area
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Country Project KLL's stake Total Land Area
(sm) Total GFA
(sm)
Remaining Area for Sale (sm)
Remaining Units
for Sale* Vietnam
Saigon Sports City, HCMC 90% 640,477 688,180 # 289,850 ^ 2,622 The Estella, HCMC 55% 47,906 233,595 137,315 ^ 867 Riviera Point, Dist. 7, HCMC 78% 89,712 438,814 # 278,987 ^ 2,286 Dong Nai Waterfront City , Dong Nai 50% 3,667,127 2,046,955 # 1,293,500 ^ 7,850 Condominium Devt, Dist. 2, HCMC 60% 51,000 244,800 166,464 1,500 Riviera Cove, Dist. 9, HCMC 60% 97,000 34,711 15,961 26 South Rach Chiec, Dist 2, HCMC 42% 302,093 755,000 # 641,067 ^ 6,699 Riviera Gardens, Dist. 12, HCMC 60% 113,098 40,715 56,549 174 Villa Devt, Saigon South, HCMC 50% 135,000 67,500 67,500 225 Casuarina Cove, Dist 9, HCMC 60% 93,368 39,807 46,684 120
Sub-total 5,236,781 4,590,077 2,993,877 22,369 Indonesia Jakarta Garden City - Phase 1 51% 266,939 140,658 2,209 8
Jakarta Garden City - Phase 2 190,587 63,542 67,017 215 - Remaining phases 814,567 442,387 574,241 3,023
Sub-total 1,272,093 646,587 643,467 3,246
India
Elita Horizon 51% 79,927 174,815 174,815 1,419
Elita Garden Vista 37.74% 99,957 214,275 122,640 655
Sub-total 179,884 389,090 279,455 2,074 Thailand Villa Arcadia Srinakarin 45.5% 159,706 76,626 53,424 163
Villa Arcadia Watcharapol 66.7% 124,912 68,314 76,592 244
Sub-total 284,618 144,940 130,016 407 Sri Lanka Residential Devt, Colombo 60% 5,058 68,283 42,103 270 Middle East Residential Devt, Jeddah, Saudi Arabia 51% 36,236 - - - Philippines SM-KL Residential Devt, Manila 24.2% 12,932 122,343 - -
Total 7,027,602 5,961,320 4,088,918 28,366 45
Residential Launches - China
Project Location Units to Launch
2H2013 2014 2015
8 Park Avenue* Shanghai 96 169 59 The Springdale* Shanghai 202 633 - Seasons Residence^ Shanghai 240 461 486 Waterfront Residence^ Nantong 75 96 243 Central Park City* Wuxi 349 1,033 754 Waterfront Residence^ Wuxi - 118 300 Mixed-use Devt^ Wuxi - 223 663 Stamford City^ Jiangyin 293 472 346 The Botanica* Chengdu 739 164 - Park Avenue Heights^ Chengdu 236 598 597 Hill Crest Villa^ Chengdu 31 71 75 Landed Devt^ Chengdu - 59 80 The Seasons* Shenyang 113 260 309 Serenity Villa^ Tianjin 67 205 68 Eco-City* Tianjin 187 693 874 Integrated Marina Lifestyle Devt^ Zhongshan - 12 48
Hill Crest Residence (Ph 1)* Kunming 18 4 -
Hill Crest Residence (Ph 2)^ Kunming 33 65 32
La Quinta II* Kunming 15 - - Total 2,694 5,336 4,934
*Balance units ^New launches
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Residential Launches – Other Overseas
*Balance units ^New launches
Project Location Units to Launch
2H2013 2014 2015
Vietnam Saigon Sports City^ HCMC - - - The Estella (Phase 1), Dist 2* HCMC 82 100 48 Riviera Point, Dist 7* HCMC 60 220 224 Dong Nai Waterfront City ^ Dong Nai - - 100 Riviera Cove, Dist 9* HCMC 4 5 17 South Rach Chiec, Dist 2^ HCMC - - 100 Riviera Gardens, Dist 12^ HCMC - - - Villa Development, Saigon South^ HCMC - - 80 Casuarina Cove, Dist 9^ HCMC - - 50 Indonesia Jakarta Garden City* Jakarta 165 350 450 Thailand Villa Arcadia Srinakarin (Phase 1)* Bangkok 17 - - Villa Arcadia Srinakarin (Phase 2)^ Bangkok 55 54 47 Villa Arcadia Watcharapol (Phase 1)* Bangkok 20 - - Villa Arcadia Watcharapol (Phase 2)^ Bangkok - 35 72 India Elita Garden Vista* Kolkata 177 240 243 Elita Horizon^ Bangalore - 300 240 Sri Lanka Residential Development^ Colombo - 135 67 Total 580 1,439 1,738 47
Completed Projects – Overseas
Projects Completed in 2013 Units Completed Units Sold as at
end-Jul 2013
2Q2013
8 Park Avenue Ph 4 and 5 – Shanghai, China 260 63
1Q2013
The Botanica Ph 6 - Chengdu, China 1,248 1,248
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Expected Completion - Launched Projects Projects/ phases launched
Total Units
Expected Period of Completion
Units Sold as at end-Jun 2013
Area Sold as at end-Jun 2013 (sm)
China The Springdale, Shanghai, Plot 3-4 252 4Q 2013 245 22,000 The Springdale, Shanghai, Plot 2-1 502 3Q 2013 302 28,358 The Botanica, Chengdu, Ph 7 2,084 1Q 2014 1,184 106,949 Stamford City, Jiangyin, Ph 2 (Blk 5) 155 4Q 2013 12 3,265 Park Avenue Heights, Chengdu, Ph 1 575 3Q 2014 124 11,364 Vietnam Riviera Point – Phase 1A 549 4Q 2014 111 13,720
Indonesia Jakarta Garden City
- Phase 1 956 2009 -2012 949 162,435 15 3Q 2013 13 2,133
- Phase 2 - Cluster E 43 2012 31 11,816 91 4Q 2013 83 21,297
- Phase 2 - Cluster F 71 4Q 2013 7 2,435
165 4Q 2014 31 7,464 India
Elita Garden Vista, Phase 1 688 4Q2013 618 91,635
Thailand
Villa Arcadia Srinakarin Ph 1 209 2Q2014 192 60,018
Villa Arcadia Srinakarin Ph 2 156 2Q2017 4 1,390
Villa Arcadia Watcharapol Ph 1 45 2Q2015 25 8,189
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Expected Completion - Upcoming Launches Projects/ phases to be launched
Location No. of Units Expected to be Completed*
2H2013 2014 2015
China
8 Park Avenue Shanghai - - 118
The Springdale Shanghai - 444 131
Seasons Residence Shanghai - 701 486
Waterfront Residence Nantong 79 78 388
Central Park City Wuxi - 364 1,743
Waterfront Residence Wuxi - - 366
Stamford City Jiangyin - 208 760
Park Avenue Heights Chengdu - - 980
Hill Crest Villa Chengdu - 98 65
Landed Devt Chengdu - - 84
Serenity Villa Tianjin 340 - -
Seasons Park Tianjin Eco-City - 567 -
Seasons Garden Tianjin Eco-City 210 270 -
The Seasons Shenyang - - 154
Integrated Marina Lifestyle Devt Zhongshan - 60 30
Hill Crest Residence 2 Kunming 33 97 -
Indonesia
Jakarta Garden City Ph 3 – Landed Houses (Site B)
Jakarta - - 115
*Subject to changes 50
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Alpha Investment Partners
Funds Committed
Equity %
Invested No. of Countries
Invested In
Asia No. 1 Property Fund $400m 100% 4
Alpha Core Plus Real Estate Fund $720m 100% 3
AIB Alpha Japan Fund $259m 100% 1
Alpha Asia Macro Trends Fund $1.7b 100% 6
Alpha Asia Macro Trends Fund II $2.08b 34% 3
Funds under Alpha as at end-Jun 2013
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Governance and Transparency Index 2013 Ranked 5th out of 664 companies assessed
Euromoney Real Estate Awards 2012
Best Office Developer in Singapore Best Developer, Best Residential Developer and Best Mixed-Use
Developer in Vietnam
South East Asia Property Awards 2012
Highly Commended Best Developer Singapore Jakarta Garden City Phase 1 : Best Villa (Indonesia) and Highly
Commended Green Development
IR Magazine South East Asia Awards 2012 Grand Prix winner for Best Overall Investor Relations for small or
mid cap companies
APREA Best Practices Awards 2012 Mature Markets – Best Property Development Organisation
(Merit)
SIAS Investors’ Choice Awards 2012 Most Transparent Company (Real Estate category) – Runner-up Singapore Corporate Governance Award – Merit
Corporate Awards
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Product Excellence Awards National Parks LEAF Award 2013 Corals at Keppel Bay : LEAF certification
FIABCI Prix d'Excellence Awards 2013 Reflections at Keppel Bay : Gold Winner (Residential High-Rise)
Marina Industries Association Australia Awards 2013
Marina at Keppel Bay : International Marina of 2013–2014 and Best Environmental Initiative
FIABCI Singapore Property Awards 2012 Reflections at Keppel Bay: Winner - Residential High Rise category
International Property Awards 2012 Ocean Financial Centre : Best Commercial High-rise Development
Asia Pacific Property Awards 2012 Ocean Financial Centre : Best Commercial High-rise Development
(Asia Pacific region), Best Office Architecture and Best Office Development in Singapore
International Architecture Award 2012 Reflections at Keppel Bay : One of only 2 Singapore projects to win
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CSR Awards Singapore Environmental Achievement Awards 2013 Winner in the Services category
ASEAN Business Awards 2013 Most Admired ASEAN Enterprise in the CSR category
Workplace Safety and Health Awards 2013 Workplace Safety and Health Developer Award
The Sustainability Yearbook 2013 Features the top 15% of about 3,000 companies
worldwide in sustainability leadership
Dow Jones Sustainability Index (DJSI) 2012 World Index and Asia Pacific Index
One of three Singapore companies in World Index
Global Real Estate Sustainability Benchmark 2012 Regional Sector Leader - Office
Singapore Human Resources Institute Awards 2012 HR Advocate Award for CSR
38 BCA Green Mark Awards Latest : GoldPLUS - The Glades and Corals at Keppel Bay
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Thank You