Keppel Land

Keppel Land: acquires additional 66ha of a waterfront site in Zhongshan, Guangdong Province. This will be KLand’s first waterfront residential cum marina development in China, covering total area of 86ha. Project will be carried out by its 80% owned JV. First phase of dev est to cost RMB 1.1bn, and construction will start at year end. First units to be launched in early 2012. When fully completed, entire development will house 2k villas with private berths, condo units and svc apts.