ACROSS BORDERS DRIVING - SUSTAINABILITY - Keppel Land
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ACROSSBORDERS
A KEPPEL LAND PUBLICATION
ISSUE 2/2017 MCI (P) 112/06/2017
DRIVING
SUSTAINABILITY
HIGHLIGHTS 04 Deepening presence in regional markets 07 GROWing commercial footprint 16 FORGING BONDS
THIS ISSUE
18
In collaboration wtih the North West
Community Development Council,
Keppel Land volunteers hosted children
from the Gambas Division on an excursion
to the Lee Kong Chian National History
Museum on 3 June 2017 to learn about
Singapore's rich biodiversity
Sustaining Growth In Focus
04 Deepening presence 10 Shaping a sustainable future
in regional markets
06 Proactive lease management Empowering Lives
16 Forging bonds
Saigon in bloom
07 Growing commercial footprint Nurturing Communities
18 Nurturing eco-consciousness
08 Primed for data centre growth
09 Keppel REIT acquires second
office asset in Melbourne
14 Bolstering emergency preparedness
15 Building a strong safety culture
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04 Sustaining Growth ISSUE 2 | 2017
Deepening presence in regional markets
Mr Loh Chin Chua, CEO of Keppel Corporation and Chairman of Keppel Land,
presented the Keppel Group’s strategic developments and performance at
Keppel Corporation’s 2Q and 1H 2017 results conference and webcast on 20 July 2017.
Across Borders reproduces highlights of his speech on the property business.
“We have had a busy quarter, In Shanghai, Keppel Land China In Vietnam, we sold 390 homes, which
during which Keppel continued and Alpha Investment Partners, is four times higher than a year ago.
to make important strides together with a co-investor, have
towards strengthening our track collaborated to acquire an office and In addition, earlier this month,
record as a solutions provider for retail mixed-use development, Keppel Land launched
sustainable urbanisation. SOHO Hongkou, for approximately Tilia Residences, the second phase
US$525 million. This is the second time in Empire City, HCMC, and sold
Our Property Division made a net that Keppel Land China and Alpha are about 372 or 80% of the units,
profit of S$200 million for 1H 2017, harnessing strengths within the Group within one weekend. These units
higher than the S$198 million achieved to seize an acquisition opportunity were sold at higher prices than
in 1H 2016. Apart from achieving in Shanghai, after the successful those achieved for the first phase,
strong home sales, Keppel Land is repositioning and divestment of Linden Residences, in Empire City.
seizing opportunities to scale up in Life Hub @ Jinqiao last year.
markets and cities in Asia where we Back on our home shores,
have established a firm foothold. Keppel Land sold about 2,470 homes we sold 220 homes in Singapore,
in the first half 2017, with a total a 16% increase year-on-year.
In Yangon, Myanmar, where there sales value of about S$1.2 billion. We expect to recognise profits
is growing demand for quality This is about 15% higher than the from some 5,860 units of overseas
commercial developments, 2,140 homes we sold in the same homes sold as they are progressively
Keppel Land has completed its period last year. completed from 3Q 2017 through
acquisition of a 40% stake in a joint to 2019.
venture with the Shwe Taung Group We sold about 1,810 homes in China,
for the second phase of the comparable to the sales volume over In our residential pipeline, we have
Junction City deveIopment. the same period in the previous year. about 62,000 homes, of which about
17,000 units are ready for launch from
now till end-2019.
On the commercial front, we have
a combined office and retail gross
floor area of about 1.5 million sm.
This comprises about 500,000 sm
in completed projects and about
970,000 sm under development.
As our commercial projects are
progressively completed, they will
contribute to our recurring income,
revaluation gains and eventually,
divestment gains when we monetise
the assets.”
Keppel Land received positive response for the
second phase of Empire City, Tilia Residences.
About 372 or 80% of the units were sold within
one weekend during its launch in July
ISSUE 2 | 2017 Sustaining Growth 05
IN CONVERSATION
Across Borders shares highlights of the Question & Answer session, where senior
management addressed issues and concerns of the financial community.
Q: There have been quite a few Q: Are you confident of selling Q: Are you comfortable with the
aggressive bids in the government out your projects, The Glades current land bank or are you also
land sales. How do you intend and Highline Residences, identifying new markets for the
to replenish your land bank in before the ABSD deadline in property segment?
Singapore given your expectation October and April next year,
that the prices could potentially respectively? LCH: We have been buying land
recover over the next few years? this year, eg. in Vietnam and
AWG: We are very confident we’ve been looking at different
LCH: We will continue to bid that we will sell out the remaining markets. We sold just over
selectively, and we also have to units in Highline Residences 5,700 units last year and
maintain a disciplined approach when and The Glades. We only have have about 62,000 units in our
we bid. We still have some unsold 11 units left at The Glades, land bank. Theoretically, we have
units in Corals at Keppel Bay and and slightly over 100 units about 10 years' supply and what
have opportunities to develop our at Highline Residences. that means is we will still continue
existing land bank. to buy land when it makes sense,
Q: Would it be possible to but we are not under any
Ultimately, if you do not get the get an update of the Indonesian pressure to buy land if it
project at the right price, it will not property strategy? And plans doesn’t make sense.
lead to a good return. For Keppel Land, for West Vista?
we are very fortunate that more than Q: What is the impact of the
20 years ago, our predecessors took AWG: Indonesia remains one tightening of the property
a very bold initiative to go out into of Keppel Land’s key markets. in China? Have there been
the region. We have since built very We have been investing in restrictions on property sales?
strong footholds in places such as Indonesia for many years and
China and Vietnam. We have a lot of are now focusing on Greater AWG: We noticed an impact on
avenues for us to invest in. Jakarta. Since a few years ago, transactions but the prices have
we have decided to focus on not been affected. There are no
Q: With regard to the Singapore the segments we are strong in, outright restrictions on property
market, could you share your views namely residential, township, sales but in China, the authorities
on prices for the various residential commercial projects and mixed-use will need to approve the selling
segments? developments. For West Vista, price. Once we secure the
we will continue to develop the approval, we can commence sale.
AWG: In general, transaction volume project and complete it. We expect Keppel Land China
has picked up. The market seems to contribute significantly to
to have bottomed out and we think The residential market in our performance.
it will slowly recover in the coming Jakarta has been slow for
years. The prospects seem to be the last year or so, but we
LCH – Mr Loh Chin Hua, CEO of Keppel Corporation
brighter than in the past. For us at are optimistic. Indonesia is a and Chairman of Keppel Land
Keppel Land, we will be looking at huge market and we see the AWG – Mr Ang Wee Gee, CEO of Keppel Land
opportunities. We will be looking at phenomenon of urbanisation
government land sales, en bloc sales, in Jakarta and a rising middle
and of course, we also have land bank income, supported by continued
here. We have some plots at Keppel Bay economic growth. We will
which we can develop. We can also continue to look for opportunities
look into the redevelopment of in Jakarta to grow our presence
Keppel Towers. there.
ACROSS BORDERS
06 Sustaining Growth ISSUE 2 | 2017
Proactive lease management
Keppel REIT achieved distributable As at end-2Q 2017, Keppel REIT’s and Bugis Junction Towers increased,
income of $95.5 million for 1H 2017, all-in interest rate was 2.59%, with improving the committed occupancy
10.7% lower year-on-year mainly interest coverage ratio at 4.4 times. of the REIT’s Singapore portfolio
due to the absence of income from Weighted average term to maturity to 99.8%. Meanwhile, committed
77 King Street in Sydney which of borrowings was 3.1 years while occupancy of the Australian portfolio
was divested in January 2016, aggregate leverage was at 38.5%. remained constant at 99.7%.
lower one-off income in 1H 2017, Overall committed occupancy for
lower income contribution from In 2Q 2017, the Manager’s proactive Keppel REIT’s portfolio increased to
Bugis Junction Towers and the lease management efforts saw all review 99.8% as at end-June 2017.
absence of other gains distribution. leases completed, with only 2% of the
net lettable area of leases remaining for Looking ahead, the Manager will
Distribution per Unit (DPU) the rest of 2017. Portfolio retention rate continue its proactive approach
of 1.42 cents was declared for was 85% for 1H 2017. to tenant and lease management.
2Q 2017, bringing the total DPU It remains committed to its long
for 1H 2017 to 2.87 cents. During the quarter, occupancies term goal of achieving stable and
This translates to an annualised at Ocean Financial Centre, sustainable income for Keppel REIT
distribution yield of 5.0%. Marina Bay Financial Centre Phase 1 Unitholders.
Saigon in bloom
Saigon Centre, a distinctive Phase Two development,
Saigon Centre has been named the
landmark in Ho Chi Minh City’s designed by the internationally best mixed-use development in
(HCMC) CBD, has been named renowned New York-based architect Vietnam at the Asia Pacific Property
the best mixed-use development in NBBJ, will comprise 44,000 sm of Awards 2017
Vietnam at the Asia Pacific Property premium Grade A office space,
Awards 2017. The awards ceremony 55,000 sm retail area and 195 units
was held in Bangkok, Thailand, of luxury serviced apartments when
on Friday, 26 May 2017. fully completed. In August 2016,
the retail mall under Phase Two
The achievement attests to Keppel Land’s was opened. It is now 100%
unwavering commitment to quality and committed with over 400 international
excellence as it continues to create vibrant and local brands, including leading
and innovative environments of enduring Japanese department store,
value across communities. The award Takashimaya, as the anchor tenant.
also cements Saigon Centre’s position
as HCMC’s live-work-play destination. The Asia Pacific Property Awards
is part of the International Property
Saigon Centre is strategically Awards by the UK-based International
located on a prime two-hectare Property Media Ltd. The awards
site in District 1. Developed in several celebrate the highest levels of
phases, Phase One was completed achievement by companies operating
in 1996 and comprises a three-storey in all sectors of the property and
retail podium, 11 floors of Grade A real estate industry. Judged by an
office space and 89 luxury serviced independent panel of 70 industry
apartments. Phase One of Saigon experts, companies are evaluated
Centre has established itself as the on design, quality, service, innovation,
preferred business and residential originality as well as commitment
address in HCMC. to sustainability.
ISSUE 2 | 2017 Sustaining Growth 07
Growing
commercial
footprint
Harnessing synergies across the
Group, Keppel Land China and
Alpha Investment Partners (Alpha)
announced on 26 June 2017
a partnership with a co-investor
to acquire an office and
retail mixed-use development,
SOHO Hongkou in China,
for approximately US$525 million.
Located in Shanghai's Hongkou
District, SOHO Hongkou is held
30-40-30 by a wholly-owned
subsidiary of Keppel Land China,
the Alpha Asia Macro Trends Fund
(AAMTF) III and the co-investor
respectively. The development
offers a total leasable area of
70,042 sm, comprising office and
retail space. Completed in 4Q 2015,
it has a high occupancy rate of 97% as Keppel Land China and Alpha Investment Partners have collaborated to acquire a premium office and
of March 2017, with tenants including retail mixed-use development, SOHO Hongkou, in Shanghai, China
Panasonic and China Pacific Insurance.
position us well to meet the preserve, but enhance the value of
Mr Ang Wee Gee, CEO of Keppel Land growing demand for Grade A the asset over the long term.”
and Chairman of Keppel Land China, offices in the city.”
said, “This is the second time that In September 2016, Keppel Land
Keppel Land China and Alpha are Ms Christina Tan, CEO of China and Alpha divested
harnessing strengths across the Keppel Capital and MD of Alpha, Life Hub @ Jinqiao, a mixed-use
Keppel Group and collaborating added, “Being the financial and development in Shanghai and
to acquire a premium property in a commercial hub of China, achieved an internal rate of return
strategic location in Shanghai, after Shanghai has seen the need for of over 20%. After the acquisition
Life Hub @ Jinqiao. This acquisition more high quality and well-located of the property in 2013, proactive
is also in line with our strategy developments in the city. We are asset management and innovative
to scale up in high-growth cities, confident that Alpha’s AAMTF III enhancement efforts saw the
such as Shanghai, where Keppel Land is well-positioned to capture property maintain consistently high
China has established a firm foothold. opportunities in this fast-growing occupancy levels with a good mix of
market that is driven by sustainable international and local retailers.
“We are confident about the urbanisation trends.
opportunities in the commercial Designed by leading architect
property market in Shanghai, “The strategic partnership between Kengo Kuma, SOHO Hongkou boasts
one of China’s key gateway cities. Alpha and Keppel Land China is an eye-catching structure and façade.
Leveraging the synergistic business also testament to our commitment A sustainable development, the
models of Keppel Land China to grow our asset management building was conferred the United
and Alpha, we believe that the business and achieve the best returns States’ Leadership in Energy and
latest acquisition of the mixed-use for our investors. In keeping with our Environmental Design (LEED) Gold
development, SOHO Hongkou, disciplined investment approach, certification, and offers one of the
will further augment Keppel Land’s we will undertake the appropriate best office specifications in the
commercial portfolio as well as value-adding efforts that will not only North Sichuan Road fringe CBD.
ACROSS BORDERS
08 Sustaining Growth ISSUE 2 | 2017
Primed for data centre growth
Keppel Data Centres Holding
Keppel Data Centres Holding (KDCH) has injected
(KDCH) has injected its interest in its interest in Keppel DC Singapore 4 (pictured)
Keppel DC Singapore 4 (KDC SGP 4) into a 70-30 joint venture owned by
to Thorium DC, a 70-30 joint venture Alpha and KDCH respectively
company between the Alpha Data
Centre Fund (Alpha DC Fund)
and KDCH, for a consideration
of approximately S$170 million.
Alpha DC Fund, which is managed
by Alpha Investment Partners,
the private fund management arm
of Keppel Capital, will hold a
70% stake in the data centre.
KDCH is a 30-70 joint venture
between Keppel Land and Keppel
Telecommunications & Transportation.
Featuring approximately 182,000 sf
of gross floor area over five floors,
KDC SGP 4 achieved temporary
occupation permit in mid-2017 and
has generated healthy interest, customer demand to Tier 3 concurrent robust, underpinned by sustained
with more than 25% of its data maintainability standards. demand from expanding
centre space committed. The carrier- technology and network content
neutral facility will be fitted-out Data centre utilisation trends in companies, as well as increasing
over four phases in tandem with Singapore are expected to remain data centre outsourcing needs.
SPURRING INFOCOMM SECTOR
KDCH seeks to strengthen Scientific Software Application, establish concept and design
Singapore's competitiveness Networking Solutions and more. specifications applicable for an
as a data centre destination in underground data centre that can
the region with the inking of The reference site will showcase match performance standards of
memoranda with industry partners state-of-the-art application of an equivalent data centre
during the quarter. cognitive computing within a above ground.
data centre environment.
On 22 May 2017, KDCH and Enterprises will be able to Separately on 19 July 2017,
Huawei, a leading global leverage deep learning and KDCH, together with the
information and communications Artificial Intelligence-driven Infocommunications Media
technology solutions provider, computing to help them lower Development Authority of
launched Huawei's Cognitive Data their operating and maintenance Singapore and Huawei, agreed to
Centre reference site located at costs while increasing operational explore the feasibility of deploying
KDC SGP 4. The launch follows efficiency. a high-rise green data centre
the signing of a Memorandum of that features energy-efficient
Understanding (MOU) between KDCH also signed an MOU with JTC technologies under the terms
Huawei and KDCH to explore to explore the feasibility of deploying of a Memorandum of Intent.
potential collaboration on data data centres underground to provide KDCH will identify possible data
centre efficiency and sustainability highly resilient and secure services centre building sites as well as
in the areas of Green Technology, to customers looking at high tiered study the design, construction and
High Performance Computing, data centres. KDCH and JTC will operation of the facility.
ISSUE 2 | 2017 Sustaining Growth 09
Keppel REIT acquires second
office asset in Melbourne
Keppel REIT, through its “The new office tower at Sydney in January 2016 and through debt.
wholly-owned sub-trust, 311 Spencer Street will provide The Manager will determine the optimal
announced on 29 June 2017 that it Unitholders sustainable income growth funding structure for the subsequent
had entered into an agreement over the long term and a stable average progress payment tranches, depending
with Australia Postal Corporation to yield of 6.4%2 per annum over the first on prevailing market conditions,
acquire a 50% stake in a premium 15 years from the lease commencement. amongst other factors.
office tower to be developed at
311 Spencer Street in Melbourne. “It will also enhance Keppel REIT’s Incorporating the latest in green
The acquisition is for an aggregate portfolio, extending its weighted technology, the development is
consideration of A$347.8 million or average lease expiry to approximately designed to meet the 5-Star Green
approximately S$362.4 million1. nine years3. This is part of Keppel REIT’s Star and 4.5-Star energy rating
continuous process to improve its standards by the Green Building
The 50% stake in the new office tower portfolio through strategic divestments Council of Australia and National
will be Keppel REIT’s second asset in and acquisitions, and in line with Australian Built Environmental Rating
Melbourne. The remaining 50% will Keppel REIT’s objective of delivering System, respectively.
be held by the tower's developer, sustainable returns to our Unitholders
1 Based on an exchange rate of A$1.00 to S$1.042.
Cbus Property, one of Australia’s over the long term.” 2 Based on the expected net property income of the
leading property investors and Building for the first 15 years of the lease to the tenant,
over the consideration. There is a market rent review
developers. Construction of the The acquisition, to be completed by at the commencement of year 16, subject to a cap
office tower will commence in 3Q 2017, will be funded through a and collar.
3 As at 31 December 2016, and assuming the 30-year
3Q 2017 and practical completion combination of a part of the proceeds lease to the tenant in respect of the building
is expected to be in 4Q 2019. from the divestment of 77 King Street in commenced on 1 January 2016.
Keppel REIT has
The Grade A office tower is
acquired a 50% stake in
strategically located between a premium office tower
Melbourne’s CBD and the new to be developed at
Docklands precinct. Sited on 311 Spencer Street
in Melbourne
freehold land, the development
is within walking distance to the
Southern Cross Station, the city’s
major railway and transportation hub.
Designed by leading architecture firm,
Woods Bagot, the office tower will
feature an estimated net lettable area
of 717,000 sf over 42 levels.
When completed, the development
will be fully leased to the Assistant
Treasurer for the State of Victoria
on a 30-year net lease. Under the
agreement, the lease will include fixed
annual rental escalations throughout
the entire lease term, and options
to renew for three additional terms
of five years each. The lease is also
subject to a market rent review at
the commencement of year 16,
subject to a cap and collar.
Mr Tan Swee Yiow, CEO of
Keppel REIT Management, said,
ACROSS BORDERS
10 In Focus ISSUE 2 | 2017
Shaping a
sustainable
future
As a responsible green developer, FORERUNNER IN SUSTAINABILITY REPORTING
Keppel Land keeps itself at Keppel Land continues to set standards in
the forefront of sustainable sustainability reporting, and is among the first
companies in Singapore to adopt and align its
best practices. The Company Sustainability Report 2016 with the Global Reporting
strives to create vibrant Initiative’s (GRI) Sustainability Reporting Standards
(SRS): Comprehensive option.
and innovative live-work-play
environments of enduring The Sustainability Report details the Company’s
approach and initiatives taken in integrating
value across communities
sustainability into its business operations.
wherever it operates. The externally-audited report, which is the Company’s
ninth Sustainability Report since 2008, provides an
account of Keppel Land’s sustainability performance
The vertical garden at Ocean as well as its strategies and practices, while
Financial Centre is one of the many highlighting the economic, environmental and
innovative green features of the
eco-icon developed by Keppel Land social impacts of the Company’s activities and
developments across its properties and operations
in Singapore and overseas.
In his message to stakeholders, Mr Ang Wee Gee,
CEO of Keppel Land, said, “We believe that
sustainability is key to future-proofing our business.
We will continue to align ourselves with international
best practices and benchmarks, as well as
actively engage our stakeholders to shape
a more sustainable future.”
Under its Carbon Management Plan, Keppel Land
aimed to reduce its carbon emissions by 16% below
2010’s levels by 2020. In 2016, the Company
achieved this target with a 16.5% carbon emissions
intensity reduction from 2010’s emission levels.
Meeting this target results in a reduction of about
23,000 tonnes of carbon dioxide emissions,ISSUE 2 | 2017 In Focus 11
SUPPORTING SIX RELEVANT SUSTAINABLE
which will yield potential savings of DEVELOPMENT GOALS
over $12.4 million annually up to 2020.
Testament to its strong commitment
and continuous improvement in
environmental performance,
Keppel Land garnered the Quality
Champion (Gold) Award by the
Building and Construction Authority of
Singapore (BCA) in 2016 and 2017.
In 2016, Keppel Land also extended
the scope of its Integrated
Management System (IMS) to cover
its operations in Vietnam. This follows
the implementation of the IMS for
its Singapore and China operations in
2014 and 2015 respectively. The IMS
combines the ISO 9001, ISO 14001
and OHSAS 18001 standards on
quality, environmental management
as well as occupational health and
safety management respectively
into a single framework.
SUSTAINABLE DEVELOPMENT
GOALS
At the United Nations Sustainable
Development Summit 2015,
world leaders adopted the 2030
Agenda for Sustainable Development.
Keppel Land has identified six SDGs most relevant to
Continues on page 12 » its business operations and material issues
ACROSS BORDERS12 In Focus ISSUE 2 | 2017
» Continued from page 11
This comprises a set of 17 Sustainable to deliver the best standards in
Development Goals (SDGs), of which liveability, quality, aesthetics
Keppel Land is focusing on six which and sustainability.
are most aligned with its business.
These design values are:
Keppel Land is setting targets in line
with the six SDGs to further guide it 1. Liveability
on its sustainability journey over the î Health and Well-being
next few years. î Inclusiveness
î Safety and Security
RESPONSIBLE DESIGN VALUES
2. Quality
Keppel Land has developed a set î Fit for Purpose
of Responsible Design Values in 2016 î Maintainability
for all its new projects in Singapore
and overseas. 3. Aesthetics
These guidelines are based on the 4. Sustainability
four key principles of innovative î Design for climate
designs, integration of values, responsiveness, resource
cost effectiveness and marketability efficiency and ecological
of projects, and encapsulate conservation
the Company’s conscious effort î Productivity
“We believe that A leading green developer,
sustainability is key Keppel Land adopts an integrated
approach in the design, construction
to future-proofing our and development of sustainable
business. We will continue properties, such as The Glades
(pictured) in Singapore,
to align ourselves with which features a net-zero
energy clubhouse
international best practices
and benchmarks, as well
as actively engage our
stakeholders to shape a more
sustainable future.”
Mr ANG WEE GEE
CEO OF Keppel LandISSUE 2 | 2017 In Focus 13
BCA AWARDS 2017
AWARD COMPANY/PROJECT
GREEN MARK AWARDS
Quality Champion (Gold) Keppel Land
At the BCA Awards 2017,
the Keppel Land Group swept Green Mark Platinum Marina Bay Financial Centre Towers 1 and 2*
12 awards for its properties in Singapore One Raffles Quay*
and overseas, including the prestigious
Quality Champion (Gold) Award. Green Mark GoldPLUS Keppel Bay Tower Management Office
Sedona Hotel Yangon (Inya Wing)
This brings the total number of
BCA Awards in Keppel Land's Green Mark Gold The Springdale Plot 4-1, Shanghai, China
portfolio to-date to 65, of which Seasons Residences, Shanghai, China
10 are Platinum. Total energy savings Seasons Park, Tianjin, China
from Keppel Land's BCA Green Serenity Villas Phase 1, Chengdu, China
Mark-certified properties amount to Central Park City, Wuxi, China
over 142 million kWh, which is the Sedona Hotel Yangon (Garden Wing), Myanmar
equivalent to the energy required Sutera Mall, Johor Bahru, Malaysia
*Recertification
to power more than 25,000 homes in
Singapore for one year, and translates to
cost savings of $27 million per annum.
This is in addition to annual water
savings exceeding 1.7 million m3,
which is equivalent to about
680 Olympic-sized swimming pools,
and translates to about $3.4 million in
cost savings annually. Annual carbon
reduction is over 60,000 tonnes, an
amount which would otherwise require
about 300,000 trees to absorb over The Keppel Land Group swept 12 awards for its properties in Singapore and overseas,
their entire lifetime. including the prestigious BCA Quality Champion (Gold) Award
HARNESSING SYNERGIES
FOR A CLEANER FUTURE
Leveraging synergies within using renewable energy generated
the Keppel Group, in 2016, offsite to fully power its operations.
Keppel Land began to
purchase renewable energy Through this innovative offsite
from Keppel Electric to solar power purchase scheme,
power its corporate office Keppel Land expects to offset
at Bugis Junction Towers. about 150,000 kg of carbon
Harvested from photovoltaic emissions annually – an amount
panels installed in premises which would otherwise require
operated by Keppel Infrastructure, about 750 trees to absorb
the energy is then transferred over their entire lifetime.
to Keppel Land.
This is the first time a BCA
Green Mark-certified office is
Keppel Land’s corporate office at Bugis Junction Towers (pictured)
is the first BCA Green Mark-certified office to be fully powered
by renewable energy generated offsite.The renewable energy is
harvested from photovoltaic panels installed in premises operated
by Keppel Infrastructure
ACROSS BORDERS14 Sustaining Growth ISSUE 2 | 2017
Bolstering emergency preparedness
Armed attackers stormed into the
lobby of Bugis Junction Towers on
11 June 2017 and forced their way
into tenanted premises. The Singapore
Police Force (SPF) was alerted to the
situation and reacted swiftly to handle
the attackers while officers from the
Singapore Civil Defence Force (SCDF)
arrived to render assistance
to casualties.
This was the scenario of a joint
counter-terrorism exercise organised
by Keppel Land and Keppel REIT
together with the SPF and the SCDF.
About 60 participants were involved
in the exercise including employees
from Keppel Land and Keppel REIT,
officers from the SPF and SCDF
as well as staff from International
Enterprise (IE) Singapore, a key tenant
at Bugis Junction Towers.
Keppel Land and
The exercise aims to test, validate and Keppel REIT held
a joint counter-
refine emergency responses to terrorist terrorism exercise
threats and allow Keppel Land and together with the
Keppel REIT to better coordinate their Singapore Police Force
and the Singapore Civil
responses with the authorities and
Defence Force at
building occupants. Bugis Junction Towers
on 11 June 2017
Mr Lim Tow Fok, GM of Property
Management at Keppel Land, said,
“Keppel is committed to actively
reviewing existing physical security
measures and are incorporating more
security features in the design of our familiarise our tenants, service providers businesses support the SGSecure
future developments. We enhance and other stakeholders with our security movement and play their part in
our operational resilience through procedures so that everybody can play a training and enhancing the readiness
robust emergency plans to respond part in dealing with this common threat.” of their staff to respond appropriately
effectively to potential crises and to a terror attack incident.”
external threats, so as to safeguard Superintendent Lynette Lim,
lives, operations and assets. Commanding Officer, Marina Bay Ms Ong Siew Hwee, IE Singapore’s
Neighbourhood Police Centre, Group Director for Group Finance
“Recognising the importance of said, “This exercise with Keppel Land, and Administration, added, “We view
emergency preparedness, joint a member of the Safety and staff and customer safety and security
exercises have been held with SPF and Security Watch Group, aims to very seriously, so being prepared for
SCDF at Keppel’s properties. Earlier enhance the emergency preparedness emergencies is one of our priorities.
in January and April, simulated armed of the business community and IE Singapore has in place our own
attack exercises were held at their coordination with the SPF contingency plans for emergencies
Ocean Financial Centre and and the SCDF. and as a key tenant at Bugis Junction
Marina at Keppel Bay respectively. Towers, we fully support Keppel’s
Amid heightened global security ”In light of the prevailing terror threats security plans and measures to ensure
threats, these exercises aim to we are facing, it is important that operational resilience.”ISSUE 2 | 2017 Sustaining Growth 15
Building a strong safety culture
Safety is a core value at Keppel Land
and forms an integral part of its
business operations. The Company is
committed to creating an incident-free
workplace for all its stakeholders.
SHARING BEST PRACTICES
On 30 May 2017, about 200 of
Keppel Land’s board members, senior
management, contractors, consultants
and staff came together to reaffirm
their commitment to safety at
Keppel Land’s Workplace Safety
and Health Recognition Event 2017.
The annual event aims to reinforce
the importance of safety training Located at the project site of Seasons Residences in the Sino-Singapore Tianjin Eco-City, the safety awareness
and practices among project teams, centre seeks to provide training for contractors’ employees and raise their safety awareness
contractors and workers. The event
also recognises and rewards Sino-Singapore Tianjin Eco-City, Tianjin, The safety awareness centres
project teams with excellent the centre seeks to provide training were set up to raise awareness
safety performance. for contractors’ employees and among contractors’ employees
enhance their safety awareness. on pertinent topics such as working
In China, a similar convention was held at height, lifting procedures,
in Shanghai on 5 May 2017. Over 190 This adds to the three centres working within confined spaces,
employees, customers and contractors which Keppel Land has set up in proper equipment use, risk assessment
exchanged experiences and ideas to Ho Chi Minh City in Vietnam, and managing scaffolds. All workers
strive for an incident-free workplace. Johor Bahru in Malaysia and are required to attend the mandatory
Jakarta in Indonesia. Some 4,569, safety training before they are allowed
ROBUST TRAINING 6,383 and 1,797 workers were to work onsite.
trained in the three safety awareness
On 14 June 2017, Keppel Land centres respectively in 2016, Keppel Land is also currently
opened its first safety awareness bringing the total number of developing a mobile safety awareness
centre in China. Located at the project workers trained at the three centres centre to be launched in Wuxi, China,
site of Seasons Residences in the to more than 46,000 to-date. within the year.
About 200 attendees, including Keppel Land’s board members, senior management,
contractors, consultants and staff reaffirmed their commitment to safety at the
Keppel Land Workplace Safety and Health Recognition Event held in Singapore on 30 May 2017 ACROSS BORDERS16 Empowering Lives ISSUE 2 | 2017
Keppel Land senior management led by CEO,
Mr Ang Wee Gee (fourth from left), addressed
questions from staff during the question
and answer segment at the opening of the
Annual Staff Conference in Singapore
Forging bonds
Keppel Land recognises that people are its greatest asset. As part of its continuous
efforts to engage employees, the Company held its Annual Staff Conference
which was attended by 460 employees from both Singapore and overseas.
Taking place from 30 May to and commended Keppelites on One of the highlights of the
2 June 2017, the Annual Staff Conference the Company’s creditable performance ASC was the annual Work of a Winner
(ASC) held at Suntec Singapore over the past year. He also shared the (WOW!) award which has taken on
Convention & Exhibition Centre, various initiatives that the Company a new form this year to encourage
is an important annual event in has embarked upon to foster an Keppelites to come up with ideas
Keppel Land's corporate calendar. open, collaborative, innovative and that seek to improve the status quo.
The ASC serves as a key platform entrepreneurial culture.
for management to share Participating projects showcased
the Group’s strategic directions Keppel Land senior management at ASC were conferred awards
and provide updates on the various also provided updates on for exemplifying the following
business units. It also facilitates the Company’s performance in elements of innovation: productivity,
the exchange of best practices the various market and fielded originality, adaptability and scalability,
and ideas as well as provides questions from Keppelites during entrepreneurial and value creation.
cross-learning opportunities the question and answer segment. A total of nine projects by teams from
among employees. Singapore, China, Vietnam, Indonesia
Dam Suyen Nhu, Assistant GM of and Myanmar were recognised.
In his opening speech, Mr Loh Chin Hua, Marketing, Keppel Land Vietnam,
CEO of Keppel Corporation and said, “Besides being updated on Lee Wee Hin, Senior Executive,
Chairman of Keppel Land, shared new initiatives within Keppel Land, Group Finance and Accounts
the Keppel Group’s performance over I also got to learn from the (Asset Performance) at Keppel Land,
the past year and urged Keppelites experiences of my colleagues said, “The ASC is a meaningful and
to maintain a growth mindset, and even had the chance to meet engaging forum that encourages
innovate and adapt to the some of the overseas counterparts continuous learning through the
changing business landscape. whom I work with. The workshops exchange of new ideas and approaches.
and training programmes held The workshops and WOW! segment
In his address, Mr Ang Wee Gee, during the conference were were insightful and interactive.
CEO of Keppel Land, reiterated also very useful for my career I had gained new knowledge and
the Company’s growth strategies development.” perspectives through learningISSUE 2 | 2017 Empowering Lives 17
The Annual Staff Conference provide
a teambuilding and networking platform
for Keppelites from different
business units and functions
from industry experts and
fellow Keppelites.
“At every ASC, new friendships
were formed, old ones grew
stronger, and as a family, everyone
had an enjoyable time together.”
The staff conference culminated
with a fun-filled dinner and dance.
Volunteers from Keppel Land also
visited the Lee Kong Chian Natural
History Museum with beneficiaries
from the North West Community
Development Council (see story
on page 18).
Similar country-level staff
conferences were also held
in Shanghai, China, and
Ho Chi Minh City (HCMC), Vietnam,
respectively on 2 to 5 May 2017
and 10 to 12 May 2017.
The conference in Shanghai was
attended by 178 staff from various
Chinese cities while 440 Keppelites
attended the conference in HCMC.
ACROSS BORDERS18 Nurturing Communities ISSUE 2 | 2017
Nurturing eco-consciousness
In conjunction with the World
Environment Day held annually on
5 June, Keppel Land partnered the
North West Community Development
Council (CDC) to host over 40 residents
residing in rental blocks at
Gambas Division on an excursion
to the Lee Kong Chian National
History Museum on 3 June 2017.
Besides learning about Singapore’s
rich biodiversity in a guided museum
tour, the children also participated in
a naturalist workshop, guided by over
20 Keppel Land volunteers, where they
created personalised art souvenirs.
Mr Ang Wee Gee, CEO of
Keppel Land, said, “Keppel Land
believes in doing good as we do
well and constantly seeks ways to
make a difference in the lives of from less-privileged households Keppel Land volunteers guided children
in a hands-on, naturalist workshop at the
the less fortunate in communities while at the same time, inculcate Lee Kong Chian National History Museum
where we operate. Through this an eco-mindset within both the
educational excursion organised beneficiaries and our volunteers.”
in commemoration of School to the Chenshan Botanical
World Environment Day, we are Over in China, Keppel Land Gardens on 18 April 2017 where
glad to be able to provide volunteers accompanied a group of the students learnt more about
meaningful experiences to families students from Beiganshan Primary biodiversity and conservation.
ENRICHING LIVES
Keppel Land partnered the South West
CDC to organise a “Grant A Wish”
donation drive for needy families in
the Taman Jurong area. Fourteen
families had their wishes granted by
generous staff who sponsored over
30 household items including milk
powder, bed linens, washing machines
and kitchen stoves.
Keppel Land volunteers, led by
Mr Chu Chee Seng, GM of Keppel Keppel Land volunteers, led by Mr Chu Chee Seng, GM of Keppel Land Hospitality Management
Land Hospitality Management (KLHM), and Mr Khoo Peck Khoon, GM (Golf and Marina Operations) at KLHM, visited needy families
(KLHM), and Mr Khoo Peck Khoon, in the Taman Jurong area on 17 June 2017 to distribute household items sponsored by staff
GM (Golf and Marina Operations)
at KLHM, visited the families on Eunice Loo, Senior Executive at lives of the less-privileged. Interacting
17 June 2017 to distribute the Keppel Land Hospitality Management, with the residents and seeing the
household items and interact with shared, “It was a meaningful morning smiles on their faces really warmed
the beneficiaries. spent with my colleagues touching our hearts.”INTERNATIONAL NETWORK
SINGAPORE KUNMING WUXI
Keppel Land Limited Spring City Golf & Lake Resort Keppel Lakefront (Wuxi)
230 Victoria Street Tangchi, Yiliang, Property Development Co., Ltd
#15-05 Bugis Junction Towers Kunming Keppel Waterfront Residences Sales Gallery
Singapore 188024 Yunnan Province, China 652103 Northeast of West Gaolang Road
Tel: (65) 6338 8111 Tel: (86) 871 6767 1188 & Jinshi Road
Fax: (65) 6337 7168 Fax: (86) 871 6767 1119 Binhu District, Wuxi
Jiangsu Province, China 214121
Keppel Land NANTONG Tel: (86) 510 8562 3083
Retail Management Pte Ltd Keppel Lakefront (Nantong) Property Fax: (86) 510 8562 2213
1 Fifth Avenue Development Co. Ltd.
#02-06/07 Guthrie House 10 Shanghai Road ZHONGSHAN
Singapore 268802 NETDA Sunsea Yacht Club (Zhongshan) Co., Ltd.
Tel: (65) 6466 2555 Jiangsu Province, China 226010 No. 23, Cai Hong Rd, Shenwan Town,
Fax: (65) 6466 0578 Tel: (86) 513 8919 9798 Zhongshan City,
Fax: (86) 513 8919 0788 Guangdong Province, China 528462
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 #21/30, Prestige Craig House
Chaoyang District Tel: (86) 21 6171 2121 3rd Floor, Craig Park Layout
Beijing, China 100004 Fax: (86) 21 6171 2122 M.G. Road, Bengaluru 560 001, 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 2001 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 SHENYANG Fax: (62) 778 761 330
Fax: (86) 10 6561 3322 Keppel Township Development
(Shenyang) Co., Ltd. BINTAN
CHENGDU No. 26 Puxin Road PT Ria Bintan
Chengdu Hillstreet Development Co., Ltd. Shenbei New District Jl. Perigi Raja
Unit 903 New Hope Tower Shenyang Lagoi North Bintan
45 Ren Min Nan Lu Section 4 Liaoning Province, China 110135 Kepulauan Riau Bintan Resorts
Chengdu Tel: (86) 24 8972 7567 Indonesia 29152
Sichuan Province, China 610041 Fax: (86) 24 8972 7599 Tel: (62) 770 692 868
Tel: (86) 28 8702 6688 Fax: (62) 770 692 837
Fax: (86) 28 2801 5599 TIANJIN
Keppel Hong Da (Tianjin Eco-City)
Jiangyin Property Development Co., Ltd.
Jiangyin Evergro Property Co., Ltd. No. 2018 Zhong Tian Da Dao RBO Block 13,
#7 Clubhouse, Stamford City Level 1 Unit 101, Eco-Business Park,
Wenhua Lu (Opposite Jiangyin Tianhua Sino-Singapore Tianjin Eco-City,
Cultural Centre) Tianjin, China 300467
Jiangyin Tel: (86) 22 6633 1088
Jiangsu Province, China 214400 Fax: (86) 22 6537 6025
Tel: (86) 510 8683 9999
Fax: (86) 510 8641 0780INTERNATIONAL NETWORK
JAKARTA VIETNAM
PT Keppel Land HANOI
PT Kepland Investama Keppel Land Vietnam Company Ltd
PT Harapan Global Niaga (Hanoi Branch Office)
PT Puri Land Unit 05B, 2nd Floor, International Centre
International Financial Centre 17th Floor 17 Ngo Quyen Street, Hoan Kiem District
Jl. Jend. Sudirman Kav. 22-23 Hanoi, Vietnam
Jakarta 12920, Indonesia Tel: (84) 4 3936 7745
Tel: (62) 21 571 2238 Fax: (84) 4 3936 7680
Fax: (62) 21 571 1813
HO CHI MINH CITY (HCMC)
MALAYSIA Keppel Land Vietnam Company Ltd
JOHOR BAHRU (Head Office)
Tanah Sutera Development Sdn Bhd Unit 2, 8th Floor, Saigon Centre
No. 2 Jalan Sutera Merah 2 65 Le Loi Boulevard, District 1
Taman Sutera HCMC, Vietnam
81200 Johor Bahru, Malaysia Tel: (84) 8 3821 8000
Tel: (60) 7 289 9009 Fax: (84) 8 3821 3540
Fax: (60) 7 289 9119
Keppel Land Watco Co. Ltd
MYANMAR 4th Floor Saigon Centre
YANGON 65 Le Loi Boulevard, District 1
Sedona Hotel Yangon HCMC, Vietnam
No. 1 Kaba Aye Pagoda Road Tel: (84) 8 3823 2500
Yankin Township Fax: (84) 8 3822 9822
Yangon, Myanmar
Sedona Suites Ho Chi Minh City
Tel: (95) 1 666 900
Saigon Centre,
Fax: (95) 1 666 911
65 Le Loi Boulevard, District 1
HCMC, Vietnam
THE PHILIPPINES
Tel: (84) 8 3822 9666
ORTIGAS, MANILA
Fax: (84) 8 3822 9229
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
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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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