A WORLD CLASS DEVELOPER !
With keen market knowledge, a strong network and proven track record, Keppel Land is a developer of choice with a sterling portfolio of quality award-winning residential developments, integrated townships and investment-grade commercial properties across Asia.
A leading prime office developer in Singapore, Keppel Land contributes to enhancing the city's skyline with landmark developments such as Marina Bay Financial Centre and Ocean Financial Centre. The Company is also behind world class iconic waterfront residences at Keppel Bay and Marina Bay.
Highlights from Keppel Land of sterling properties
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Caribbean at Keppel Bay, Singapore The first development in Keppel Bay and fully sold out, Caribbean at Keppel Bay has won numerous international awards including Winner, Residential Category in FIABCI Prix d'Excellance Award 2005, the "Oscars" in the global real estate industry. |
Marina Bay Financial Centre Singapore's business and financial centre in the new downtown, Marina Bay Financial Centre (MBFC) will have a total gross floor area of 4.7 million square feet when completed. Phase One comprises two office towers and luxury homes, Marina Bay Residences. Phase Two consists of an office tower and Marina Bay Suites, the second luxury residential development within MBFC. Both phases will be complemented by retail and recreational facilities and are all scheduled for completion in 2010 and 2012 respectively.
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China Vanke (known as Vanke) helps the country's emerging middle class become yezhu (homeowners). Vanke is China's largest mainland residential real estate developer. Its high-rise apartment towers, single-story suburban developments, and luxury gated communities can be seen in 30 cities across the Pearl River Delta, the Yangtze River Delta, and the Bohai Rim region.
Vanke has developed hundreds of properties and has a land bank of 18 million square meters (about 7 sq. mi.). The company was founded in 1984 by chairman Shi Wang, and in 1991 it became the second company to list on the Shenzhen Stock Exchange. China Vanke's largest shareholder is China Resources (Holdings) Co., with 15%.
Keppel Land & China Vanke Enter Into Strategic Alliance
Keppel Land Limited (Keppel Land) and China Vanke Co., Ltd (Vanke) have entered into a strategic partnership that will see both companies jointly develop properties in Singapore and China.
The first joint venture project will be a condominium development in Tanah Merah in Singapore, where Wkdeveloper sig I Private Limited, a wholly-owned subsidiary of Vanke, will acquire a 30% stake from Keppel Land for an aggregate cash consideration of about $135.5 million. Keppel Land, through its wholly-owned subsidiary, Sherwood Development Pte Ltd, was awarded the prime residential site for $434.55 million in October 2012.
Mr Ang Wee Gee, CEO of Keppel Land, said, "In shaping Keppel Land's future, we are constantly on the lookout for strategic alliances that will achieve sustainable growth in our business. Working with like-minded partners is critical in ensuring success wherever we operate, and we are pleased to collaborate with Vanke, China's foremost property developer, to build new capabilities."Leveraging Vanke's deep insight and keen knowledge of the Chinese market, this win-win partnership will put us in good stead as we look towards scaling up in high-growth cities in China."Mr Yu Liang, President of Vanke, said, "Vanke looks forward to this long-term partnership with Keppel Land, one of Asia's leading property developers. We hope to be able to learn best practices from Keppel Land in the area of real estate development."We are confident that our first joint development project in Tanah Merah will set the pace for future collaborations in Singapore and China."
The first joint venture project between Keppel Land and Vanke is in Singapore for the development of 726 condominium units on a 3.2 ha site at Tanah Merah. Located in an established housing estate, the development is a short walking distance to the Tanah Merah MRT station and is well-served by major expressways. Residents can also look forward to numerous malls and amenities as well as ample recreational options in the vicinity. Led by Keppel Land, design development for the project is currently underway. The project is expected to be launched in the second half of this year.
The first joint venture project will be a condominium development in Tanah Merah in Singapore, where Wkdeveloper sig I Private Limited, a wholly-owned subsidiary of Vanke, will acquire a 30% stake from Keppel Land for an aggregate cash consideration of about $135.5 million. Keppel Land, through its wholly-owned subsidiary, Sherwood Development Pte Ltd, was awarded the prime residential site for $434.55 million in October 2012.
Mr Ang Wee Gee, CEO of Keppel Land, said, "In shaping Keppel Land's future, we are constantly on the lookout for strategic alliances that will achieve sustainable growth in our business. Working with like-minded partners is critical in ensuring success wherever we operate, and we are pleased to collaborate with Vanke, China's foremost property developer, to build new capabilities."Leveraging Vanke's deep insight and keen knowledge of the Chinese market, this win-win partnership will put us in good stead as we look towards scaling up in high-growth cities in China."Mr Yu Liang, President of Vanke, said, "Vanke looks forward to this long-term partnership with Keppel Land, one of Asia's leading property developers. We hope to be able to learn best practices from Keppel Land in the area of real estate development."We are confident that our first joint development project in Tanah Merah will set the pace for future collaborations in Singapore and China."
The first joint venture project between Keppel Land and Vanke is in Singapore for the development of 726 condominium units on a 3.2 ha site at Tanah Merah. Located in an established housing estate, the development is a short walking distance to the Tanah Merah MRT station and is well-served by major expressways. Residents can also look forward to numerous malls and amenities as well as ample recreational options in the vicinity. Led by Keppel Land, design development for the project is currently underway. The project is expected to be launched in the second half of this year.