ISSUE 3/2017 MCI (P) 112/06/2017

ACROSSBORDERSA KEPPEL LAND PUBLICATION

HIGHLIGHTS SeIzInG opporTunITIeS HaLLmarkS of exceLLence carInG for our communITIeS1304 17

STRENGTHENINGPRESENCE

IN JAKARTA

THIS ISSUE

13 Hallmarks of excellence

14 New home for Keppel Land Vietnam

15 Learning on the go

In Focus10 Defining skylines

Empowering Lives16 Overcoming new challenges

Nurturing Communities17 Caring for our communities

Sustaining Growth04 Seizing opportunities 06 Keppel REIT maintains high portfolio occupancy 07 Prime site secured in Serangoon Garden

08 Realising value

Commencement of construction at Spencer Street

09 Deepening ties

Contribution to Shanghai's development

12 Changes in leadership

New Board appointment

Published for Keppel Land by the Group Corporate Communications division ofKeppel Corporation Limited, 1 HarbourFront Avenue, #18-01, Keppel Bay Tower, Singapore 098632.

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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 keppelgroup@kepcorp.com.

Should you wish to be included in our mailing list, please email marketing@keppelland.com.An online version is also available at www.keppelland.com and across-borders.com.sg.

Cover image: Keppel Land has launched the first phase of The Riviera at Puri, its latest landed housing project in Tangerang, Greater Jakarta.

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Our Accolades:

Volunteers from Keppel Landparticipated in a tree-plantingactivity in the Kranji Marshes organised by the Building and Construction Authority of Singapore on 24 August 2017

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Seizing opportunities MR LoH CHIN HUA, CEo oF KEPPEL CoRPoRATIoN ANd CHAIRMAN oF KEPPEL LANd,PRESENTEd THE KEPPEL GRoUP’SSTRATEGIC dEvELoPMENTS ANd PERFoRMANCE AT KEPPEL CoRPoRATIoN’S 3Q ANd 9M 2017 RESULTS WEBCAST oN 19 oCToBER 2017. Across Borders REPRodUCES HIGHLIGHTS oF HIS SPEECH oN THE PRoPERTY BUSINESS AS WELL AS THE CoLLABoRATIoN BETWEEN KEPPEL LANd ANd KEPPEL URBAN SoLUTIoNS, A NEW BUSINESS UNIT, FoR SAIGoN SPoRTS CITY IN vIETNAM.

“It has been an active quarter for the Keppel Group as we worked hard to both deliver our projects, and hunt as a pack for growth opportunities, leveraging our competencies and track record as a solutions provider for sustainable urbanisation.

For the first nine months of 2017, our Property division turned in a net profit of S$398 million, higher than the S$355 million achieved over the same period last year.

Keppel Land has been actively recycling assets to seek higher returns, and rebalancing its portfolio by scaling up in selected high-growth cities where it has an established track record and strong teams.

Keppel Land has made divestments totalling S$400 million this year. Last month, Keppel Land China completed the divestment of its stake in the development company for the Waterfront Residences in Nantong, yielding a net divestment gain of about RMB 369 million (approximately S$79 million). As land prices have risen rapidly in China, Keppel Land is prepared to divest land or development companies, if this can give us the best risk-adjusted returns. Earlier in the year, Keppel Land also divested its stake in the joint venture company developing a prime site in Surabaya's CBd.

Seizing opportunities in the region,Keppel Land has made acquisitions totalling about S$850 million year to date. In this quarter, we secured well-located residential sites in Singapore and Jakarta, where we will leverage our experience and reputation to meet the demand for quality homes. These were in addition to the jointacquisition of a mixed-use development, SoHo Hongkou, in Shanghai by Keppel Land and Alpha Investment Partners, as well as Keppel Land’s increased stake in Saigon Centre in

Ho Chi Minh City (HCMC) earlier this year.

on home sales, Keppel Land sold about 3,790 homes in the first nine months of 2017, about 8% higher than the 3,510 homes we sold in the same period last year. We achieved a total sales value of about S$2 billion, compared to S$1.6 billion over the same period last year.

on the whole, home sales have improved in Singapore, vietnam and Indonesia, but were lower in China due to the Chinese government’s tightening measures. We sold about 2,380 homes in China, lower than the 2,940 units over the same period last year. In vietnam, we sold 1,010 homes, four times the units sold year-on-year. over in Indonesia, on the back of more positive sentiments, we sold 95 units at West vista in Jakarta.

Meanwhile, in Singapore, our home sales held steady with 300 units sold, comparable to the number of homes we sold over the same period last year. The Glades has been fully sold out, ahead of the ABSd deadline, and we have also seen strong demand for our other projects in Singapore.

We expect profit from some 6,330 unitsof overseas homes sold to be recognised upon completion from 4Q 2017 through to 2019. The total sales value of these homes is about S$2 billion.

In our residential portfolio, we have a pipeline of about 62,000 homes, of which about 16,700 units are ready for launch from now till end-2019.

on our commercial portfolio, we have a combined office and retail GFA of about 1.5 million sm. This comprises about 500,000 sm in completed projects and about 970,000 sm under development. The completed commercial assets currently generate recurring income

ISSUE 3 | 2017Sustaining Growth

Saigon Sports City is envisaged to be a bustling hub, combining

modern and sustainable urban living with vibrant and healthy lifestyles,

which can be a model for other urban developments in Asia

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of about S$20 million per annum. We expect income for the completed commercial portfolio to rise to about S$75 million per annum when the lease-up for the assets has stabilised.

KEPPEL URBAN SoLUTIoNS

The mega trend of rapid urbanisation is a key area where Keppel is carving a niche with our distinct suite of solutions. We have just announced that we will step up efforts to seize opportunities in this space through the establishment of a new business unit, Keppel Urban Solutions (KUS).

KUS aims to be an integrated master developer of large-scale mixed-use developments in the Asia-Pacific region. Its creation is a strategic move to harness the Keppel Group’s strengths and diverse solutions in energy, property, infrastructure and connectivity to focus on creating more efficient and vibrant smart precincts and cities of the future.

It will leverage our Group’s strong track record and experience as the master developer of several integrated urban developments,

including the China-Singapore Suzhou Industrial Park, Sino-Singapore Tianjin Eco-City, Sino-Singapore Jinan Smart City, Jakarta Garden City, Palm City in vietnam as well as Keppel Bay in Singapore.

KUS will be an integrator of the latest urban solutions, bringing together the Group’s capabilities to create sustainable, highly liveable and digitally-connected communities.

KUS will operate an open platform, allowing us to partner the best-in-classtechnology providers, such as Microsoft, to offer modern smart living applications for residents using sensing technology and the Internet of Things (IoT), and also to effectively manage infrastructure and community services.

SAIGoN SPoRTS CITY

For a start, KUS will collaborate with Keppel Land to apply our capabilities in the Saigon Sports City (SSC), a 64-hectare township that Keppel Land is developing in the prime district 2 in HCMC.

SSC will include iconic features such as vietnam’s first one-stop hub for sports, entertainment and lifestyle activities, a waterfront boulevard, and an open public plaza. KUS will also incorporate the latest biophilic design principles in the development, including natural lighting and ventilation, vertical greenery and water features with natural filtration, to create a green and beautiful environment.

In addition, KUS will enter into a strategic collaboration with Microsoft to develop and provide smart urban applications for residents and businesses in SSC, using sensing technology and the IoT, as well as to effectively manage infrastructure and community services.

our vision is for SSC to become a bustling hub, combining modern and sustainable urban living with vibrant and healthy lifestyles, which can be a model for other urban developments in Asia.”

Continues on page 6 »

ACROSS BORDERS

ISSUE 3 | 2017 Sustaining Growth

and Australia were at 99.6% and 99.8% respectively. overall committed occupancy for Keppel REIT’s portfolio remained healthy at 99.6%. Weighted average lease expiry for Keppel REIT’s top 10 tenants and overall portfolio were approximately eight years and six years respectively.

over the long term, the Manager remains focused on achieving stable and sustainable income for Unitholders. The Manager will maintain its proactive tenant and lease management strategy to optimise value from the REIT’s quality portfolio of office buildings.

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Keppel REIT maintains high portfolio occupancyKeppel REIT has delivered stable distributable income of $142.5 millionfor 9M 2017. The decrease was attributable to the absence of income from 77 King Street in Sydney which was divested in January 2016, lower one-off income received and the absence of other gains distribution. distribution per Unit (dPU) of 1.40 cents was declared for 3Q 2017, bringing total dPU for 9M 2017 to 4.27 cents.

As at 30 September 2017, Keppel REIT’sall-in interest rate was stable at 2.58% with interest coverage ratio at 4.4x. Aggregate leverage remained

stable quarter-on-quarter at 38.8%. Weighted average term to maturity of borrowings was three years. The Manager is proactively refinancing loans that are due in 2018.

The Manager continued its proactive leasing strategy and has completed almost all leases due for renewal in 2017,with only 0.5% of the total portfolio net lettable area remaining as at 3Q 2017. Portfolio retention rate remained high at 91.8% for 9M 2017.

As at 3Q 2017, committed occupancy of the REIT’s portfolio in Singapore

» Continued from page 5

IN CONVERSATION

Q: When do you expect to launch the upcoming project at Serangoon North Avenue 1 and when will the project be completed?

AWG: We are planning to launch the project in Serangoon North in the middle of 2018. We should be able to complete the project by 2021.

Q: Is Keppel Land intending tolaunch more units at Keppel Baygiven the improvement in Singapore’s property sentiment? Also, are there plans to revive the redevelopment plan for Keppel Towers?

AWG: We currently have two projects in Keppel Bay where

Across Borders SHARES HIGHLIGHTS oF THE QUESTIoN & ANSWER SESSIoN, WHERE SENIoR MANAGEMENT AddRESSEd ISSUES ANd CoNCERNS oF THE FINANCIAL CoMMUNITY.

we are selling units. At Reflections, we have about 130 units left, and at Corals, we have about 110 units left.

We are still selling those units and we are also reviewing our plans to develop Plots 4 and 6.

We are also reviewing plans to redevelop Keppel Towers and will make an announcement when we decide to proceed.

Q: What are your views on the property market in China? Will the government’s tightening measures continue to put pressure on sales? AWG: We are optimistic about the property market in China. AWG – Mr Ang Wee Gee, ceo of Keppel Land

We believe that the uptrend will continue in the long term with continued urbanisation, increasing affluence and a growing middle class. We will continue to invest in the China market.

Sustaining Growth ISSUE 3 | 2017

Prime site secured in Serangoon Garden

including Rosyth School, Zhonghua Primary School, Serangoon Garden Secondary School, Peicai Secondary School, Nanyang Junior College, as well as Lycée Français de Singapour (French School of Singapore).

There are a variety of recreational and dining amenities located within the vicinity, including Chomp Chomp Food Centre, Serangoon Food Market and Serangoon Garden Country Club. NEX Shopping Centre, Serangoon Stadium and sports facilities are also just a short drive away.

Under the Ministry of National development’s Land Use Plan, more recreational options and improved transport connectivity

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Keppel Land and its joint venture partner, Wing Tai Land, have been awarded the tender for a prime residential site in Serangoon North Avenue 1 by the Urban Redevelopment Authority (URA) for a total consideration of $446.28 million. The partners plan to develop over 600 homes on the 1.7-hectare site, which is situated within a mature residential estate.

Mr Ang Wee Gee, CEo of Keppel Land, said, “We are pleased to work with a strong like-minded partner like Wing Tai on this prime residential site. We will leverage our extensive experience and strengths as developers of quality homes. We are confident that this new development will see positive demand as there have been few new condominiums launched in recent times in the popular Serangoon Garden area.”

Ms Tan Hwee Bin, Ed of Wing Tai Holdings, expressed confidence in the new development, “This project appeals to homebuyers who appreciate the convenience of a central location and the comprehensive amenities of a mature estate, which is being revitalised by the quality and contemporary residences that we shall create for families to grow in a well-loved neighbourhood.” The 99-year leasehold site is well-connected to other parts of Singapore via the Central Expressway. The Serangoon MRT interchange station, which connects the North-East Line and Circle Line, is also located just a five-minute drive away. Families with school-going children will appreciate the site’s proximity to reputable educational institutions

for the Serangoon area have been planned. Besides the existing Bishan-Ang Mo Kio Park, nature lovers can also look forward to the new 17-hectare Serangoon North Linear Park for residents to engage in outdoor recreational activities.

Location Plan for Land Parcel at Serangoon North Avenue 1(Image courtesy of URA)

ACROSS BORDERS

Sustaining GrowthISSUE 3 | 2017

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Commencement of construction at Spencer StreetKeppel REIT has commenced construction on 18 August 2017 for its newly acquired premium office tower in Melbourne, Australia. Located at 311 Spencer Street, the Grade A office tower will be the headquarters for the victoria Police from 2020 after the building’s completion in the fourth quarter of 2019.

The commencement was witnessed by Ms Lisa Neville, Minister for Police, together with Mr Graham Ashton, Chief Commissioner of victoria Police; Mr Tan Swee Yiow, CEo of Keppel REIT Management, and Mr Adrian Pozzo, CEo of Cbus Property, the co-owner and developer of the new office tower.

Mr Tan said, “We are happy to partner Cbus Property, one of Australia’s leading property investors and developers, to contribute to

Melbourne’s growth. We look forward to the completion of this state-of-the-art building which will complement Keppel REIT’s sterling portfolio of sustainable premium office assets.”

Standing at 42 storeys, the new office tower is strategically located between Melbourne’s central business district and the new docklands precinct. This will be Keppel REIT’s second asset in Melbourne, after 8 Exhibition Street where it has a 50% interest in the office building and two retail units, as well as a 100% interest in the three adjoining retail units.

Meanwhile, demonstrating its commitment to sustainability, Keppel REIT’s 35-storey david Malcolm Justice Centre in Perth has achieved the 5-Star Green Star office As Built rating by the Green Building Council of Australia.

Keppel REIT has commenced construction for its

newly acquired Grade A office tower to be developed at

311 Spencer Street in MelbourneRealising

valueKeppel Land China has divested its entire 100% interest in Keppel Lakefront (Nantong) Property development Co Ltd (KLNPd) to Nantong Wanjun Commercial Information Consultancy, a subsidiary of China vanke, for a total consideration of RMB 1,430 million (approximately $292 million).

The transaction yielded a net divestment gain (inclusive of exchange rate gain) of about RMB 368.5 million (approximately $75 million) for Keppel Land China.

KLNPd owns and develops Waterfront Residences, a residential project in Nantong Economic and Technological development Area, Nantong, China. The project site has a total land area of 167,051 sm.Construction for Phase 1, comprising 111 landed homes and 10 street-side commercial units, was completed in 2015.

Mr Ben Lee, President, Keppel Land China, said, “China is one of our core markets where we have a pipeline of more than 30,000 homes. The divestment is in line with Keppel Land’s strategy to continually recycle assets to seek higher returns and rebalance our portfolio to focus on selected high-growth cities where we have an established track record and strong teams. ”

Sustaining Growth ISSUE 3 | 2017

Contribution to Shanghai's developmentMr Ang Wee Gee, CEo of Keppel Land, was conferred the prestigious Shanghai Magnolia Award by Mr Zhang Xiaosong, director of the Foreign Affairs office of Shanghai Municipal Government, at the Jing An Shangri-La Hotel on 6 September 2017. The award was presented by the Shanghai Municipal Government in recognition of foreigners for their outstanding contribution to Shanghai's economic and social development, as well as its foreign relations.

Mr Ang said, “I am honoured to receive the Shanghai Magnolia Award, and want to share the recognition with our team in Keppel Land China. As one of the first foreign real estate companies to enter Shanghai more than 20 years ago, Keppel Land has

been privileged to contribute to Shanghai's urbanisation and strong growth. We are committed to deepen our presence in Shanghai, one of our key cities of focus in China.“

over the years, Keppel Land has contributed to Shanghai's economic and social development through its quality portfolio of residential and commercial projects, and active corporate social responsibility activities in the community.

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Mr Ang Wee Gee (left), CEO of Keppel Land, was conferred the prestigious Shanghai Magnolia

by Mr Zhang Xiaosong (right), Director of the Foreign Affairs Office of Shanghai Municipal Government, at the Jing An Shangri-La Hotel

on 6 September 2017

Mr Ang Wee Gee (left), CEO of Keppel Land, called on Mr Zhao Yongfeng (right), District Chief of Shanghai’s Hongkou District on 18 August 2017

Deepening tieson 18 August 2017, Mr Ang Wee Gee, CEo of Keppel Land, accompanied by Mr Ben Lee, President of Keppel Land China as well as other senior management of the Company, called on Mr Zhao Yongfeng, district Chief of Shanghai’s Hongkou district. during the meeting, Mr Ang shared Keppel Land’s future plans for SoHo Hongkou, a premium office and retail mixed-use development recently acquired by Keppel and a co-investor.

Separately on 6 July 2017, Mr Lee led a Keppel delegation to call on Mr Shan Zefeng, Chairman of Sino-Singapore Tianjin Eco-City Administrative Committee in Tianjin.

Mr Lee and Mr Shan discussed Keppel’s involvement in the Sino-Singapore Tianjin Eco-City (Eco-City), the project’s future plans and the long-term development of China’s property market.

ACROSS BORDERS

Sustaining GrowthISSUE 3 | 2017

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KEPPEl lANd IS CommITTEd To

dEEPEN ITS PRESENCE IN INdoNESIA,

oNE of ITS KEy GRowTH mARKETS,

wITH A foCuS oN GREATER JAKARTA.

THE ComPANy IS CoNfIdENT THAT

THE CouNTRy, wITH ITS STEAdy

ECoNomIC GRowTH, ImPRovING

INfRASTRuCTuRE, GRowING

mIddlE-ClASS ANd RISING

uRbANISATIoN, wIll CoNTINuE

To SuPPoRT THE dEmANd foR

quAlITy HomES ANd CommERCIAl

dEvEloPmENTS IN PRImE loCATIoNS.

Defining skylines

over the months of September and october, Keppel Land made headways in Indonesia with the acquisition of a prime site in Jakarta’s central business district (CBd) and the launch of the first phase of its landed housing project in Tangerang.

ACQUISITIoN oF PRIME SITE IN JAKARTA’S CBd

Keppel Land, through its wholly-owned subsidiary, PT Sukses Manis Tangguh, has entered into a conditional sales and purchase agreement with Bank Central Asia on 19 September 2017 to acquire a prime site in Jakarta’s CBd for a total consideration of Rp 586 billion or approximately $60 million. Keppel Land plans to develop a premium high-rise tower which could yield about 400 luxury apartments. The total development cost is estimated to be $170 million.

Spanning approximately 83,000 sf with a gross floor area of approximately 390,000 sf, the site sits along the main thoroughfare of Jalan Jenderal Sudirman and is adjacent to Keppel Land’s commercial development, International Financial Centre Jakarta.

Mr Ang Wee Gee, CEo of Keppel Land, said, “Indonesia is one of Keppel Land’s key growth markets where we are strengthening our presence in Jakarta. We will leverage our extensive expertise as a leading developer of prime developments across Asia to develop a premium high-rise tower that will meet the needs of a growing expatriate and local business community seeking well-located and well-appointed apartments in the city centre.

Keppel Land has acquired a prime site in Jakarta's central business district, adjacent to its commercial development, International Financial Centre Jakarta (pictured)

In Focus ISSUE 3 | 2017

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“The site is adjacent to International Financial Centre Jakarta and is located in one of the city’s most coveted addresses. We will tap on the synergies of the two developments to create a vibrant live-work-play destination.” The site is located within the city’s golden triangle zone of shopping, dining and recreational amenities, and enjoys excellent accessibility via key transport routes, such as the future Setiabudi mass rapid transit station which is expected to be fully operational in 2019.

LAUNCH oF THE RIvIERA AT PURI

Keppel Land, together with leading Indonesian real estate developer, PT Metropolitan Land Tbk (Metland), has launched the first phase of The Riviera at Puri (The Riviera), comprising 130 homes. The Riviera is the partners' latest landed housing project in Tangerang, Greater Jakarta.

The Riviera sits on a 12-hectare land plot situated adjacent to Metland

Cyber City and is strategically located near the Karang Tengah toll access of the Jakarta Merak Toll Road, which provides excellent connectivity to Jakarta’s city centre and other key districts in Greater Jakarta. The development is situated within close proximity to the Puri CBdin West Jakarta, while the Soekarno-Hatta International Airport is located a 30-minute drive away.

Mr Goh York Lin, President (Indonesia), Keppel Land, said, “Prevailing high prices of both landed houses and apartments within central Jakarta make well-located suburban homes a good choice for homebuyers. The Riviera capitalises on such demand for quality landed homes that are close to and with direct access to central Jakarta but at the same time, reasonably priced.”

Ms olivia Surodjo, director of Metland, said, “The Riviera project harnesses the collective strength of its partners. We are pleased to launch this quality residential development with Keppel Land which has a strong

track record of developing vibrant and quality urban developments.”

An exclusive gated riverfront estate with round-the-clock security, The Riviera adopts a resort-style living concept where future residents can enjoy the development’s full clubhouse facilities including a gymnasium, swimming pool and tennis court. Pockets of green spaces within the development are linked up by pedestrian-friendly walkways and a 650-m long riverfront boardwalk.

The project has four thoughtfully-designed unit types, with land areas ranging from 120 sm to 256 sm. Each unit type is purposefully designed with a sheltered carpark for two vehicles, a luxurious double-volume living area, an open indoor garden as well as a separate side entrance leading directly to the kitchen and utility room. Bigger unit types feature an additional large room which can be reconfigured into a family lounge or a full-sized bedroom, catering to changing family needs.

Keppel Land has launched the first phase of The Riviera at Puri,

an exclusive gated riverfront estate in Tangerang, Greater Jakarta

In Focus

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ISSUE 3 | 2017

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Changes in leadership

After more than 26 years of service, Mr Ang Wee Gee, CEo of Keppel Land,will be leaving the Company on 31 december 2017 to pursue other interests. Mr Loh Chin Hua, CEo of Keppel Corporation, who is concurrently Chairman of Keppel Land, will assume the role of Executive Chairman of Keppel Land with effect from 1 January 2018. The Company is currently evaluating possible candidates to assume the role of CEo of Keppel Land. Mr Loh said, “on behalf of the Board of Keppel Land, I would like to thank Wee Gee for his valuable contributions to the Company. Wee Gee played an instrumental role in growing Keppel Land’s businesses overseas and developing Keppel Land into the multi-faceted property player that it is today, with a strong presence in many key cities in Asia.

“We wish Wee Gee success in his future endeavours.”

Mr Ang said, “I have had the privilege of being in Keppel Land for more than 26 years, with the last five years as its CEo. I thought this was a good time for me to step down to pursue other interests, confident that the strong management team that is now in place at Keppel Land can take the Company to greater heights.”

In addition, Mr Louis Lim, 45, director(Group Strategy & development) at Keppel Corporation, will be appointed Coo of Keppel Land with effect from 1 January 2018. Prior to joining the Keppel Group in 2016, Mr Lim was a partner with Bain & Company. Mr Lim has a Master of Science in Economics from the Massachusetts Institute of Technology, and a Master of Business Administration from INSEAd.

New Board appointmentKeppel REIT has appointed Mr Alan Rupert Nisbet as an independent non-executive director with effect from 1 october 2017.

Mr Nisbet, 66, is the Principal of Kanni Advisory, a consultancy specialising in financial and business advisory services. He retired from deloitte in 2011 after a successful career which spanned 38 years.

Prior to his retirement, Mr Nisbet was the leader of Audit and Assurance Services for deloitte Southeast Asia and Singapore, where he was responsible for overall audit and assurance operations, business development and quality control. He also established the deloitte Enterprise Risk Service

function in Singapore and led that practice division for four years, where he provided corporate governance, risk management, internal audit and IT security services to clients. Mr Nisbet has vast experience working in the US and the Asia Pacific region, including Australia, across multiple industries.

Mrs Penny Goh, Chairman of Keppel REIT Management, said, “We are pleased to have Alan join our Board. His extensive experience in the field of audit and risk management, coupled with his deep financial knowledge and accounting experience, will contribute to our drive for strong governance and transparency as we work on delivering sustainable long term value to Unitholders.”

Mr Alan Nisbet has been appointed to the Board of Keppel REIT with effect from 1 October 2017

Sustaining Growth ISSUE 3 | 2017

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New Board appointment

Hallmarks of excellence

Keppel Land continues to be recognised as a leader in sustainability and product excellence.

SUSTAINABLE BUSINESS AWARdS

Keppel Land received Special Recognition for Land Use, Biodiversity and Environment at the Sustainable Business Awards on 31 July 2017. The awards, organised by Global Initiatives in partnership with PwC Singapore, aim to raise the awareness of sustainable business and show how good practices benefit companies, the environment and society.

GRESB

In September, Keppel Land topped four categories, namely, the Global/developer/Residential, developer/Residential, Asia Pacific/Residential and Asia/developer categories in the Global Real Estate Sustainability Benchmark (GRESB) 2017.

The Company also maintained its third position globally among developers.

In the same listing, Keppel REIT,managed by Keppel REIT Management, is ranked second of 13 in Asia among listed office entities, and third among 52 Asian listed companies. Keppel Land is a sponsor of Keppel REIT.

Mr Loh Chin Hua, CEo of Keppel Corporation as well as Chairman of Keppel Land, said, “Keppel places sustainability at the heart of our strategy and operations across our different businesses and we are encouraged that our sustainability efforts have been recognised internationally. As a provider of solutions for sustainable urbanisation, we will continue to collaborate across the Keppel Group and with our stakeholders to contribute positively to the communities where we operate.“

GRESB assesses the sustainability performance of property companies and real estate funds globally on its integrated organisational approach and performance in environmental measurement and management.

Companies are evaluated on seven aspects of sustainability, including information on performance indicators such as energy, greenhouse gas emissions, water and waste.

EURoMoNEY REAL ESTATE AWARdS

Keppel Land clinched a total of nine awards at Euromoney Real Estate Awards 2017. This is the highest number of awards that Keppel Land has won to-date.

In Myanmar, the Company was named Best overall developer, Best Residential developer, Best office/Business developer, Best Leisure/Hotel developer as well as Best Mixed-Use developer. Keppel Land was also named Best Residential developer and Best office/Business developer in vietnam, Best office/Business developer in Indonesia and Best Leisure/Hotel developer in Singapore.

In its 13th edition, the Awards recognises the best in the global real estate industry. Results were based on an annual real estate survey among real estate developers, advisors, financial institutions, investors and corporate end users worldwide. A total of 2,462 valid responses were received from 1,218 firms in 75 countries.

Receiving the award at the Sustainable Business Awards was Mr Allen Ang, GM of Project Management and Sustainable Design at Keppel Land

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New home for Keppel Land Vietnam14 August 2017 marked a new chapter for Keppel Land vietnam employees as they moved into their new office at Saigon Centre office Tower 2.

Keppel Land started its journey in vietnam in the early 1990s with a team of eight. Today, Keppel Land vietnam boasts an impressive staff strength of 400 following its rapid growth in the country. However, staff were housed in different storeys at Saigon Centre office Tower 1. The move to house the growing team together in the new office tower will spur closer collaboration among employees.

Spread across 2,800 sm, Keppel Land’s new head office in vietnam occupies two levels with spectacular views of the city. The two levels are connected by an internal staircase, with nine meeting rooms named after popular scenic places in vietnam, discussion rooms, telephone booths as well as a cosy staff lounge.

Employees celebrated this move in a casual get-together where Mr Linson Lim, President (vietnam), Keppel Land, expressed hopes that the new collaborative workspaces will foster friendship and camaraderie as well as spark innovation among Keppelites.

Tran Hoang vu, Assistant Manager, Human Resources, enthused, “We love the modern open-plan concept which greatly enhances communication and cross-department collaboration.” Nguyen Thi Phuong Uyen, Assistant Manager, Business development, added, “The inspirational green design provides a more enjoyable and comfortable working environment for all.”

Keppel Land’s new office in Ho Chi Minh City, Vietnam, features vertical gardens and open spaces, providing staff with a more comfortable and positive working environment

Sustaining Growth ISSUE 3 | 2017

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in the portal, about 50 are contributed by Keppelites.

Complementing the conventional training courses conducted by external and in-house trainers, the mobile learning platform is easy to access and facilitates quick sharing among Keppelites.

Tan Shaodong, Senior Executive, IT, Keppel Land China, said, “The mobile platform helps us use our time more effectively. Courses such as the various ‘how-to’ guides allow employees to learn efficiently and independently.’’

Learning on the goproperty management, quality management and health and safety, to useful IT and self-improvement tips. Content is presented in video, audio, animation and text formats that are easily digestible for users.

Mr Zack Wang, director (Talent Management), Human Resources (HR), Keppel Land China, shared, “Riding on the trend of mobile learning to deliver bite-sized information at users’ convenience, the HR department embarked on two projects that featured e-learning and short courses. This then evolved into Ji Xue Tang.”

Apart from learning materials uploaded by the HR department, Keppelites are also encouraged to create their own videos and materials for sharing. of the 80 modules offered

In line with its brand philosophy of “Thinking Unboxed”, Keppel Land China develops quality and innovative products for its homebuyers and tenants and also leverages technologies to engage and enrich the lives of its employees.

To facilitate learning and knowledge sharing, Keppel Land China launched its mobile learning platform Ji Xue Tang (吉学堂, “Keppel Classroom”) on 2 May 2017.The platform aims to spur innovation among Keppelites and has close to 600 active users.

Learning materials available on the portal range from job-related topics such as business development, sales and marketing, human resource management, finance and administration, project management,

Keppel Land China launched the Ji Xue Tang mobile e-learning platform, allowing Keppelites to learn on the go

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Sustaining GrowthISSUE 3 | 2017

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Overcoming new challenges“A happy coincidence”, mused Mr Joseph Low, GM of operations at Keppel Land vietnam, when he recalled his posting to Ho Chi Minh City (HCMC) in 2014. Having explored a myriad of roles from helming the Asset Management team at Keppel REIT to heading the Corporate development team at Keppel Land’s head office in Singapore, Joseph was keen to push himself further and readily seized the opportunity when offered a role in vietnam.

despite having been to vietnam for business trips, Joseph had to grow new muscles to overcome the day-to-day challenges of living and working in a foreign land.

He shared, “overseas experiences are wonderful in helping you break out of your comfort zone. Compared to Singapore, living and working in vietnam is a whole new ball game. For one, it is more chaotic, which is a big change from the extremely structured and well-planned environment that I’m used to. There were

also a lot of cultural and social norms that I had to learn – even for simple activities like crossing the road!”

Nonetheless, Joseph has assimilated well into the vietnamese way of life. “With the help of my colleagues and new friends, I have learned more about the vietnamese culture and have begun to appreciate its nuances,” he said.

For Joseph, the highlights of his time in Keppel Land vietnam include leading the team involved in the opening of Saigon Centre retail mall in August 2016. He also has fond memories of working closely with colleagues to spearhead the launch of various projects such as Estella Heights and Palm City, as well as Linden Residences and Tilia Residences at Empire City.

“It is definitely a new experience working in a team comprising colleagues from different backgrounds and cultures. Banded by Keppel’s Core values and operating Principles, the team was able to overcome

the challenges of working in a cross-cultural setting, and instead find strengths in our differences to achieve much more,” Joseph reflected.

In his free time, Joseph enjoys reading and jogging, interests that he had carried over from Singapore. These activities provide him with a sense of comfort and familiarity despite the huge change in environment.

“When I’m jogging or engrossed in a good book, I always feel at home,” he enthused. “Jogging also allows me to explore new and interesting neighbourhoods, and experience HCMC’s vibrant city life.”

With a positive and meaningful experience in vietnam under his belt, Joseph remains open-minded to future overseas stints. He shared, “I am enjoying my work in vietnam and have not given much thought to working in other countries after this, but who knows? After this experience, I’m eager for more adventures. We’ll see!”

Mr Joseph Low, GM of Operations at Keppel Land Vietnam, appreciates the opportunities for personal growth and

cultural exchange that come with living and working overseas

Empowering Lives ISSUE 3 | 2017

RAISING ECo-CoNSCIoUSNESS

Seeking to inspire the next generation of eco-warriors, Keppel Land volunteers led students from Changkat Changi Secondary School on a tour of Marina at Keppel Bay’s coral reef, where they learned more about marine conservation. This was part of the school’s Young Enriched Scientist Program where students get a glimpse of what field work involves by trawling for plankton and using a microscope to identify organisms from the collected water samples.

Separately, Keppel Land and Keppel REIT, in association with United International Pictures, Singapore (UIP Singapore), hosted business partners and schools at the movie premiere of ‘An Inconvenient Sequel: Truth to power’ on 15 August 2017, which was screened to help raise awareness on the threat of climate change.

Caring for our communitiesKEPPEL IS CoMMITTEd To UPLIFT CoMMUNITIES WHEREvER IT oPERATES. WITH voLUNTEERISM AS A KEY THRUST oF THE GRoUP’S CoMMUNITY ENGAGEMENT PRoGRAMMES, AUGUST HAS BEEN dESIGNATEd KEPPEL CoMMUNITY MoNTH. dURING THIS MoNTH, KEPPELITES RALLY BEHINd Good CAUSES THAT MAKE A PoSITIvE IMPACT oN PEoPLE IN NEEd ANd THE ENvIRoNMENT.

The event was graced by Mr Masagos Zulkifli, Singapore’s Minister for the Environment and Water Resources.

Mr Ang Wee Gee, CEo of Keppel Land, said, “As a responsible green developer, we are committed to sustainable development. our support of this movie premiere is in line with our proactive and holistic approach to sustainability and is also aligned with our commitment to fight climate change. Through initiatives such as this, we seek to raise awareness of environmental issues. Together, we can shape a cleaner, greener future for generations to come.”

Ms Flora Goh, Md of UIP Singapore, said, “As we applaud corporations like Keppel who are already leading the way by engaging in sustainable practices as part of their corporate social responsibility efforts, we hope that the film will cause a ripple effect

to inspire the wider public to do their part as a community, to stop climate change and pursue sustainable living for the sake of future generations.”

The documentary, a riveting sequel to the award-winning “An Inconvenient Truth” released in 2006, is a follow-up of former United States vice President Al Gore’s efforts around the world to rally climate champions and influence international climate policy.

REdUCING CARBoN FooTPRINT

volunteers from Keppel Land, including its senior management, participated in a tree planting activity organised by the Building and Construction Authority of Singapore on 24 August 2017 as a lead-up event to the Singapore Green Building Week 2017.

A total of 50 trees were planted in the Kranji Marshes to help the International Green Building Conference 2017 achieve carbon neutrality in 30 years.

Keppel Land and Keppel REIT, in association with United International Pictures, Singapore, hosted business partners and schools at the movie premiere of ‘An Inconvenient Sequel: Truth to power’

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Continues on page 18 »

ACROSS BORDERS

Nurturing CommunitiesISSUE 3 | 2017

18

RUNNING FoR A CAUSE

on the morning of 27 August 2017, 60 Keppelites from Keppel Landvietnam, together with their families, participated in a charity run held near the site where Keppel Land is developing Empire City, a waterfront mixed-use development in the Thu Thiem New Urban Area.

Sponsored by Keppel Land vietnam, the run was organised by the Big Friend Foundation (BFF) as part of its ongoing campaign to raise funds for 100 underprivileged college students.

Finishing in first place was Ngo Truong duy of Project department. He shared, “My family and I enjoyed the run very much! It is heartening to know that all proceeds will go towards supporting the education of underprivileged students and I look forward to participating in more of such meaningful activities.”

Mr Pham Chan Quang, Founder and Co-director of BFF, added, “We are appreciative of Keppel Land’s support and are happy to see so many like-minded Keppel volunteers participating in this run.”

NURTURING LIvES

In Myanmar, Keppel Land volunteers spent a day at the Mandalay Children’s Hospital where they helped with cleaning the wards and interacted with the children over a nutritious lunch.

Volunteers from Keppel Land rolled up their sleeves to plant trees at the Kranji Marshes as part

of an initiative to offset carbon emissions under the auspice of the International

Green Building Conference

Employees from Keppel Land Vietnam participated in a charity run to raise funds for underprivileged college students

» Continued from page 17

Nurturing Communities ISSUE 3 | 2017

INTERNATIONAL NETWORKSINGAPOREKeppel Land Limited230 victoria Street#15-05 Bugis Junction TowersSingapore 188024Tel: (65) 6338 8111Fax: (65) 6337 7168

Keppel Land Retail Management Pte Ltd1 Fifth Avenue #02-06/07 Guthrie HouseSingapore 268802Tel: (65) 6466 2555Fax: (65) 6466 0578

CHINABeIJINGBeijing Kingsley Property development Co., Ltd.Unit 706China World office 2No. 1 Jian Guo Men Wai AvenueChaoyang districtBeijing, China 100004Tel: (86) 10 6505 0866Fax: (86) 10 6505 0865 Beijing Aether Property development Co., Ltd.Block A, Room 701, Hanwei PlazaNo. 7 Guanghua RoadChaoyang districtBeijing, China 100004Tel: (86) 10 6561 8822Fax: (86) 10 6561 3322

cHeNGdUChengdu Hillstreet development Co., Ltd.Unit 903 New Hope Tower45 Ren Min Nan Lu Section 4Chengdu, Sichuan Province, China 610041Tel: (86) 28 8702 6688Fax: (86) 28 2801 5599

JIANGyINJiangyin Evergro Property Co., Ltd.#7 Clubhouse, Stamford City Wenhua Lu (opposite Jiangyin Tianhua Cultural Centre)Jiangsu Province, China 214400Tel: (86) 510 8683 9999Fax: (86) 510 8641 0780

KUNMINGSpring City Golf & Lake ResortTangchi, Yiliang, Kunming, Yunnan Province, China 652103 Tel: (86) 871 6767 1188Fax: (86) 871 6767 1119

sHANGHAIKeppel Land China Limited(Head office)39th Floor Wheelock Square1717 Nanjing West RoadShanghai, China 200040Tel: (86) 21 6171 2121Fax: (86) 21 6171 2122

Keppel Land (Shanghai) Management Co., Ltd.Room 2001 Park Place1601 Nanjing West RoadShanghai, China 200040Tel: (86) 21 6288 3066Fax: (86) 21 6288 2799

sHeNyANGKeppel Township development (Shenyang) Co., Ltd.No. 26 Puxin RoadShenbei New districtShenyang, Liaoning Province, China 110135Tel: (86) 24 8972 7567Fax: (86) 24 8972 7599

TIANJINKeppel 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-CityTianjin, China 300467 Tel: (86) 22 6633 1088Fax: (86) 22 6537 6025

WUXIKeppel Lakefront (Wuxi)Property development Co., LtdKeppel Waterfront Residence Sales Gallery Northeast of West Gaolang Road & Jinshi Road Binhu districtWuxi, Jiangsu Province, China 214121Tel: (86) 510 8562 3083Fax: (86) 510 8562 2213

ZHoNGsHANSunsea Yacht Club (Zhongshan) Co., Ltd.No. 23, Cai Hong Rd, Shenwan Town, Zhongshan City, Guangdong Province, China 528462Tel: (86) 760 8892 6108Fax: (86) 760 8892 6178

INDIABANGALoreKeppel Puravankara development Pvt Ltd#21/30, Prestige Craig House3rd Floor, Craig Park LayoutM.G. Road, Bengaluru 560 001, IndiaTel: (91) 08 4150 5000Fax: (91) 08 4150 5008

INDONESIABATAMPT Nongsa Point MarinaJl. Hang Lekiu Nongsa, Batam 29432, Batam, IndonesiaTel: (62) 778 761 333Fax: (62) 778 761 330

BINTANPT Ria BintanJl. Perigi Raja Lagoi North BintanKepulauan Riau Bintan ResortsIndonesia 29152Tel: (62) 770 692 868Fax: (62) 770 692 837

JAKArTAPT Keppel LandPT Kepland InvestamaPT Harapan Global NiagaPT Puri LandInternational Financial Centre 17th FloorJl. Jend. Sudirman Kav. 22-23Jakarta 12920, IndonesiaTel: (62) 21 571 2238Fax: (62) 21 571 1813

MALAYSIAJoHor BAHrUTanah Sutera development Sdn BhdNo. 2 Jalan Sutera Merah 2Taman Sutera81200 Johor Bahru, MalaysiaTel: (60) 7 289 9009Fax: (60) 7 289 9119

CO. REG.NO.: 189000001G

INTERNATIONAL NETWORK

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 3688Should you wish to be included on our mailing list, please email Marketing at marketing@keppelland.com

MYANMAR yANGoNSedona Hotel YangonNo. 1 Kaba Aye Pagoda RoadYankin TownshipYangon, MyanmarTel: (95) 1 666 900Fax: (95) 1 666 911

THE PHILIPPINESorTIGAs, MANILAKeppel Philippines Properties, Inc.Units 2203-2204 Raffles Corporate Center BuildingF ortigas Jr. Avenueortigas CenterPasig City 1605Tel: (63) 2 584 6170/71Fax: (63) 2 584 3915

VIETNAMHANoIKeppel Land vietnam Company Ltd (Hanoi Branch office)Unit 05B, 2nd Floor, International Centre17 Ngo Quyen Street, Hoan Kiem districtHanoi, vietnamTel: (84) 4 3936 7745Fax: (84) 4 3936 7680

Ho cHI MINH cITy (HcMc)Keppel Land vietnam Company Ltd(Head office)Unit 3, 26th Floor, Saigon Centre Tower 267 Le Loi Boulevard, district 1HCMC, vietnamTel: (84) 8 3821 8000Fax: (84) 8 3821 3540

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Keppel Land Watco Co. Ltd4th Floor Saigon Centre Tower 165 Le Loi Boulevard, district 1HCMC, vietnamTel: (84) 8 3823 2500Fax: (84) 8 3822 9822

Sedona Suites Ho Chi Minh CitySaigon Centre, 65 Le Loi Boulevard, district 1HCMC, vietnamTel: (84) 8 3822 9666Fax: (84) 8 3822 9229