Content Introduction Strategic Focus Updates Market Review & - - PDF document

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Investor Meetings

June 2010

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Content

• Introduction
• Strategic Focus
• Updates
• Market Review & Outlook

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• Going Forward
• Recent Awards

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Introduction

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Introduction

Total assets of $6.7 bil as @ 31 Mar 2010 Market cap of $5.3 bil as 4 June 2010 Premier Property Company Developer of One Raffles Quay, Marina Bay Financial Centre and Ocean Financial Centre in Singapore’s Crown Jewel Marina Bay Leading Prime Office Player Focus on thematic residential and township developments in Singapore, China, Asia’s Quality Home Developer

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p p g p Vietnam, India and Indonesia Home Developer Manager of four property funds and a pan‐Asian commercial REIT Established Property Fund Manager

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Vision and Mission

Vision b h l l d To be the premier multi‐national corporation providing urban living solutions through the twin core businesses of property development and property fund management. Mission

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We are committed to create live‐work‐play environments

• f enduring value for the community with our hallmark

excellence, and achieve sustainable higher returns for our shareholders.

International Presence

More than 70,000 Homes in the Pipeline Across Asia and the Middle East

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Strategic Focus

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Two Core Businesses

Strategic Focus

K‐REIT Asia to recycle

Property Development Property Fund

SINGAPORE

Commercial developments mainly in Marina Bay and CBD Residential developments including lifestyle waterfront projects

OVERSEAS

capital Fee‐based income from fund management with greater AUM

for Sale Management

Residential developments including townships, sustainable developments and integrated lifestyle projects Commercial developments selectively

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Updates

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Singapore Residential

Ride on Demand for Suburban Homes

Successfully acquired Lakeside Drive site Successfully acquired Lakeside Drive site with keen interest from 14 bidders Prime location :

• Next to Lakeside MRT station
• Facing Jurong Lake and will benefit from the

remaking of Jurong Lake District(1)

• Near Jurong Gateway precinct, largest

commercial hub outside city (500,000 sm y ( ,

• ffice space)
• Relocation of a few ministries and statutory

boards(2) offices in 2015

• Near to amenities (e.g. Jurong Point), future

Canadian International School and attractions

(1) Jurong Lake District is about 360 ha and comprises the Jurong Gateway and the Lakeside precincts (2) Includes the Ministry of National Development, Agri‐Food & Veterinary Authority of Singapore, Building and Construction Authority, the Ministry of the Environment and Water Resources, Public Utilities Board and National Environment Agency

Lakeside Drive Site Details

Location Lakeside Drive Site Area 16,117.2 sm Total number of units (estimated) About 550 Permissible Gross Floor Area 56,411 sm Expected Launch Date End‐2010 10

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Singapore Residential

Demand for Residential Development in Marina Bay Area

Capitalised on the preview opening of Marina Bay Sands on 27th April 2010

• Launched second phase of Marina Bay Suites on 29th April 2010

Total: 221 units

• Sold 132 units as at end‐May 2010

Marina Bay Suites Marina Bay Suites Marina Bay Sands Marina Bay Sands Marina Bay Suites Marina Bay Sands 11

Singapore Residential

Capitalise on Close Proximity to Resorts World Sentosa

Marina Bay VivoCity located within Reflections at Keppel Bay Resorts World Sentosa/ Universal Studios Sands VivoCity located within close proximity 12

Reflections at Keppel Bay

Total : 1,129 units 98% of 760 launched units sold as at end‐May 2010

Caribbean at Keppel Bay

Total : 969 units (sold 801 units earlier) Launched remaining 168 units since 3Q09

• 94% sold as at end‐May 2010

Marina Bay Suites

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Marina Bay As A Vibrant Work‐Live‐Play Environment

Singapore Commercial

Marina Bay Suites Final phase of luxury residential development in the Marina Bay area Marina Bay Financial Centre Comprise 3 Grade A office towers Final phase of luxury residential development in the Marina Bay area Ocean Financial Centre Platinum level LEED‐CS pre‐certification p One Raffles Quay 13 Marina Bay Sands (Integrated Resort) Keppel Land’s projects located nearby to the IR Marina Bay Residences Fully sold out luxury residential development

Singapore Commercial

Choice Location for Multi‐National Companies

Marina Bay Financial Centre (MBFC) Marina Bay Financial Centre (MBFC)

• Total: 2.9m sf
• New take‐up in April
• Barclays : Additional 250,000 sf
• Prudential : Approx. 37,000 sf
• Overall commitment : 78%
• Phase 1 : 1.6m sf

Towers 1 & 2 : Fully leased*

MBR MBR T3 T3 T1 T1 T2 T2 MBS MBS MBR T3 T1 T2 MBS 14

‐ Towers 1 & 2 : Fully leased

• Phase 2 : 1.3m sf

‐ Tower 3 : 55%

• Completion :
• Phase 1 : 2010

‐ Tower 1 Received TOP 1Q 2010

• Phase 2 : 2012

* Except for a small percentage of space reserved for existing tenants’ expansion

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Singapore Commercial

Positive Take‐up with Active Leasing Momentum

Ocean Financial Centre (OFC)

• Total NLA : 850,000 sf
• Overall commitments : More than 30%

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• 4th generation building to rise at former

Ocean Building site

• Completion : Mid‐2011

K‐REIT Asia

Pursue Quality Assets With Enhanced Financial Flexibility

Seeking pan‐Asian acquisition opportunities

i d d f $620 h h f i h i

• Raised gross proceeds of $620m through 1‐for‐1 rights issue

Recent Acquisitions

• Acquired 6 strata floors (72,215 sf) of Prudential Tower
• Increased stake from 44% to 73%
• Acquired 50% stake of 275 George Street
• Grade A commercial building within Brisbane’s CBD

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Alpha Asia Macro Trends Fund

Seeking Acquisition Opportunities with Strong Financial Position

T t l AUM

Alpha Investment Partners

Alpha Asia Macro Trends Fund

• Targeted at developed and fast emerging markets

with focus on prominent trends in Asia such as :

• Rise of consumerism, tourism and home
• wnership
• Emergence of REITs
• Aging populations

Alpha Investment Partners : $7.7 bn (1) K‐REIT Asia : $2.3 bn (2)

Total AUM: $10.0 bn

Committed %

• No. of

As at end‐March 2010 :

• Aging populations
• Key Asian cities as education hubs
• Active acquisitions in Singapore :
• 77% stake in Katong Mall

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(1) When fully leveraged and fully invested, as at end‐Mar 2010 (2) Includes asset revaluation, Prudential Tower strata acquisition and 50% interest in 275 George Street, Brisbane, Australia as at end‐Mar 2010

Funds under Alpha Committed Equity % Invested Countries Invested In Asia No. 1 Property Fund $400m 100% 4 Alpha Core Plus Real Estate Fund $720m 100% 4 AIB Alpha Japan Fund $259m 46% 1 Alpha Asia Macro Trends Fund $1.7bn 30% 5

Overseas

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Overseas ‐ China

Tap on Demand for Township Homes

Sold more than 900 township homes in April and May

The Botanica, Chengdu Central Park City, Wuxi

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More than 5,000 units sold over five phases since launch in 2005 Phase 5 : Sold more than 690 units

• Fully sold 376 launched units in early April
• Launched another 604 units since late April
• Sold 317 units as at end‐May 2010

Phase 1 of 1,448 units fully sold Capitalise on relocation of the municipal

• ffices and proximity to MRT station to

launch more units Phase 2 (Stage 1) : 342 units launched since 2nd weekend of May

• Sold 213 units as at end‐May 2010

Overseas – Vietnam

Well‐Positioned to Capitalise on Growth in Vietnam

Acquired new lifestyle waterfront sites

• Township development at South Rach Chiec, District 2
• Site area : 30 ha
• Total : 4,700 units
• Villa development, District 12
• Site area : 11.3 ha
• Total : 175 villas fronting Saigon River
• More than 22,000 homes in the pipeline

Continued take‐up

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• Riviera Cove, HCMC
• Total : 96 villas
• Launched in Nov 09
• 93% of 82 launched units sold as of end‐May 2010
• The Estella, HCMC
• Total : 1,393 units
• Phase 1 : 719 units
• 62% of 719 launched units sold as of end‐May 2010

Waterfront township development at South Rach Chiec Waterfront township development at South Rach Chiec

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Overseas – India and Indonesia

Continued Demand with Improving Economy

Elita Promenade, Bangalore

• Total : 1,573 units
• 90% of 1,495 launched units sold as at end‐May 2010

Elita Garden Vista, Kolkata

• Phase 1 : 688 units
• 69% f 688

it ld t d M 2010

Jakarta Garden City

• Phase 1 : 994 units
• 79% of 613 launched units sold as at end‐May 2010
• FIABCI Prix d’Excellence 2010 Awards

‐ Runner‐up Residential (Low‐Rise) Category

• 69% of 688 units sold as at end‐May 2010

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Market Review & Outlook

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Singapore Residential

Private home prices stabilising

3Q 2009 4Q 2009 1Q 2010 Q o Q changes in prices(1) +15 8% +7 4% +5 6% Q‐o‐Q changes in prices(1) +15.8% +7.4% +5.6% July 2009 April 2010 Units take‐up 2,772 2,207 Full Year 2009 Jan ‐ Apr 2010 Units take‐up 14,688 6,587

Strong take‐up

About 45% of new homes sold in 2009(1) : Second highest after July 2009(2) :

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(1) URA (2) Since URA began releasing monthly developer homes sales data in June 2007

Growth of foreign buyers

Singaporeans PRs Foreigners (non‐PR) Companies 2000 77% 11% 5% 7% 2009 74% 14% 11% 1%

Profile of buyers of non‐landed homes(1) :

Government to promote a stable and sustainable property market

• Pre‐emptive measures to curb speculation
• Increase s ppl to meet demand  18 sites on 2H 2010 GLS pro ramme

Singapore Residential

• Increase supply to meet demand  18 sites on 2H 2010 GLS programme

confirmed list to yield about 8,135 residential units(1) Favourable drivers supporting housing demand

• Demand from owner‐occupiers and investors
• Buying interest from foreigners(including PRs) to continue 26.8% of new

homes sold in 1Q 2010 compared to (2)

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p

• Spin‐off effects from the opening of two IRs to elevate Singapore's profile as a

cosmopolitan city

• Singapore as top city in Asia with highest quality of living
• Ranked 1st in Asia in Mercer 2010 Quality of Living Survey

(1) URA (2) CBRE

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Singapore Commercial

Decline in rents ease as business confidence returns

• Rents bottoming out with office capital values trending up
• Rents for good quality buildings in CBD supported by “flight to quality”

Rents for good quality buildings in CBD supported by flight to quality

• Prime rents are almost half of what they were at the peak in 2008(1)

Office leasing activities picking up

4Q 2009 1Q 2010

Grade A occupancy rate rose(1) :

• Expansion by financial institutions and service providers such as

legal and IT firms

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(1) CBRE

Grade A occupancy rate 93.8% 94.5%

Demand continued to be positive(1) :

3Q 2009 4Q 2009 Full Year 2009 1Q 2010

Take‐up 0.03 mil sf 0.3 mil sf (0.24 mil sf) 0.24 mil sf

Reduction in office supply to support capital values and rents

• New office supply from 2010 ‐2016 of about 3.7 million sf(2) (or 0.53 million sf per annum)
• About 1.3 million sf(1) of office space to be converted to residential use up to 2013

(e.g. Marina House, VTB Building, Starhub Centre, UIC Building and 76 Shenton Way)

Singapore Commercial

( g , g, , g y)

Singapore’s competitiveness as choice business location

• Ranked 1st in IMD World Competitiveness Yearbook 2010
• Ranked 37th in global office occupancy cost survey in May 2010(1)

Ranking City US$/sf/annum Ranking City US$/sf/annum 1 London West End, England 182.94 19 Abu Dhabi, United Arab Emirates 72.71 2 Hong Kong (Central CBD) 153.20 20 Seoul (CBD) South Korea 71.82 3 Tokyo (Inner Central), Japan 143.99 21 Frankfurt am Main, Germany 69.64

Global 50 Index (by occupancy cost in US$ psf per annum)

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(1) CBRE (2) Excluding estimated pre‐committed space of about 3.2 million sf 4 Mumbai, India 125.76 22 Edinburgh, United Kingdom 67.56 6 Tokyo(Outer Central), Japan 118.41 24 Dublin, Ireland 67.02 7 Paris, France 113.23 25 Stockholm, Sweden 65.68 8 London City, United Kingdom 110.07 26 New York Midtown, US 64.51 9 Dubai, United Arab Emirates 108.92 28 Rome, Italy 63.45 11 New Delhi, Inida 96.90 31 Glasgow, United Kingdom 60.73 14 Hong Kong (Citywide) 80.27 32 Madrid, Spain 60.69 16 Zurich, Switzerland 78.48 33 Shanghai (Pudong), China 60.14 18 Milan, Italy 77.93

37 Singapore 57.49(S$6.70psf/mth)

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Market Outlook – Overseas

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Asia

• International Monetary Fund expects Asia to continue leading the global recovery

with a projected economic growth of 7.1%(1) in 2010, backed by resilient domestic demand

Economic Growth Favourable Demographics Growing Middle Class Rising Affluence Urbanisation Trends Home Ownership Aspirations

demand

• Housing demand driven by growing home ownership aspirations

Growth Demographics Middle Class Trends

• China : Government closely monitoring market and recently implemented several cooling

measures to curb overheating and to promote healthy long‐term growth

• Vietnam : Pent‐up demand for quality landed homes and mid‐end segment shows signs
• f recovery
• India : Prices bottoming out and property market recovering well

(1) International Monetary Fund, Regional Economic Outlook, 29th April 2010

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Going Forward

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Looking Ahead

S k i iti i Si d ith Seek acquisitions in Singapore and overseas with continued focus on developing quality residential, office and township projects K‐REIT Asia and Alpha to seek acquisitions of quality assets in Singapore and overseas Ti id ti l l h t it li i

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Time residential launches to capitalise on economic recovery and demand

Singapore Residential

Pace launches of remaining units of Marina Bay Suites and phases of Reflections at

Riding On Positive Sentiments

Keppel Bay Expected to launch Lakeside Drive project by end‐2010 Remaining 3 plots of land at Keppel Bay to be launched according to market demand Continue to seek acquisition of new sites

30 Lakeside Drive project

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MBFC d OFC t ti

Singapore Commercial

Strong Economic Recovery Bodes Well For Office Market

MBFC and OFC to continue benefiting from flight to quality with new Grade A office buildings Prime location close to major MRT stations and expressways

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Properties held under K‐REIT Asia : Keppel Towers & GE Tower, Bugis Junction Towers, Prudential Tower(73.4% interest) and One Raffles Quay (1/3 interest)

Continue to attract more commitments before completion and new tenants for existing buildings

Overseas Residential ‐ China

Keppel’s 35.4 ha site in SUA of Tianjin Eco‐City

Launch of First Homes in Tianjin Eco‐City

Total : 4,995 homes plus office and retail Commenced development for Phase 1 residential :

• Total : 1,678 units
• Launch : 2H 2010

Shareholding structure :

• KLL : 55%, KCL : 45%

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Tianjin Eco‐City Entire Development Start‐up Area (SUA)

Size 30 sq km 4 sq km Development period 10‐15 years 3‐5 years

• No. of homes

> 100,000 >20,000 Population (approx.) 350,000 85,000

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Overseas Residential ‐ China

Time Launches of New Phases and Projects

The Botanica, Chengdu

• Phase 5 Launch : 1,810 units
• Continue to capitalise on good sales

momentum in May to launch more units

Central Park City, Wuxi

• Phase 2, Stage 1 : 342 units
• Ride on strong demand to launch

remaining units in Stage 1 33

8 Park Avenue, Shanghai

• Total : 260 units (2 blocks)
• Launch : 2H 2010

The Seasons, Shenbei, Shenyang

• Total: 4,748 units
• Launch: 2010 (270 units)

The Springdale, Shanghai

• Total : 2,667 units
• Launch : Phase 1 (180 units) in 2Q 2010

Overseas Residential – Vietnam

Time Launches of New Phases and Projects

Riviera Point

Riviera Point, District 7 in HCMC

• Opposite the established Phu My Hung

township and commercial area

• Total site area : About 9‐ha
• Total : 2,400 waterfront condos

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• Launch : 2H 2010 (300 units)

Continue to sell new phases of The Estella and Riviera Cove

Riviera Cove The Estella

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Recent Awards

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Business Times revised Governance and Transparency Index(1)

• Ranked top 2% out of 681 companies

Recent Awards

FIABCI Prix d’Excellence 2010 Awards

• Jakarta Garden City as Runner‐up in Residential (Low‐Rise)

Category FIABCI Indonesia – BNI Prix d’Excellence 2010 Awards

• Jakarta Garden City won Best Middle Class Residential

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Development

Asia Boating Awards

• Marina at Keppel Bay won Best Asian Marina award in 2010

(1) Replaced Business Times Corporate Transparency Index

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Sustainability Reporting

• Merit Award at ACCA Singapore Awards for Sustainability Reporting

ISO 14001 certification

Si t d l t d t t ti

Green Awards

• Singapore property development and property management operations
• Property development operations in China and Vietnam

LEED(1) Award

• Ocean Financial Centre – Platinum level LEED‐CS pre‐certification

BCA Green Mark Awards

• The Promont – Gold
• Marina Bay Suites – Gold
• Sixth Avenue Residences – Gold
• MBFC Phase 2 (Commercial)

Gold Plus

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• MBFC Phase 2 (Commercial) – Gold Plus
• One Raffles Quay – Gold (First building to achieve Green Mark Award under

guidelines for existing devts)

• Riviera Cove, HCMC – Gold
• The Arcadia, Tianjin – Gold
• The Springdale, Shanghai (Plots 1 and 3) – Gold
• Spring City (Residential – La Quinta), Kunming – Gold
• Keppel Bay Towers– Gold

(1) Leadership in Energy and Environmental Design

Thank You

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Additional Slides

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5‐Year Financial Profile

FY2009 FY2008 FY2007 FY2006 FY2005 Turnover ($m) 923.9 842.2 1407.9 948.0 586.4 Operating Profit ($m) 201.9 231.7 312.3 204.1 146.6 Pre‐tax Profit ($m) 358.6 314.0 988.7 263.4 184.6 PATMI ($m) 280.4(1) 227.7(1) 779.7(2) 200.3 155.7 Overseas Earnings (% of PATMI) 31.5 29.5 39.7 63.6 59.0 EPS (¢)(3) 24.2 22.4 76.9 19.8 15.5

(1) Includes gain on acquisition of additional interest in K‐REIT Asia and net gain on revaluation of investment properties (2) Includes corporate restructuring surplus of $235.2 mil from sale of ORQ and net gain of $265 mil on revaluation of investment properties less impairment provision (3) EPS have been restated to include the effects of the rights issue in 2009 40

NTA/Share ($) 2.36 3.39 3.18 2.21 2.35 Net Debt/Equity Ratio (x) 0.22 0.52 0.41 1.04 1.14

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Geographical Breakdown

Asset Allocation – By Geographical Location Net Profit – By Geographical Location

As at 31st March 2010 :

China 17% Indonesia 8% Vietnam 9% India 1% Others 4% China 21% Vietnam 5% India 3% Others 3%

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Singapore 61% 17% Singapore 68%

China Residential Launches

Units to Launch 2010 2011 2012

8 Park Avenue, Shanghai(1) 260 134 ‐ Villa Riviera, Shanghai(1) 5 ‐ ‐ Villa Riviera, Shanghai 5 The Botanica, Chengdu(1) 572 1,596 1,500 The Arcadia, Tianjin(1) 28 ‐ ‐ Central Park City, Wuxi(1) 388 930 650 The Seasons, Shenyang(2) 270 420 1,293 Waterfront Township Devt, Shenyang(2) ‐ 587 588 The Springdale, Shanghai(2) 666 476 929 Integrated Marina Lifestyle Devt, Zhongshan(2) ‐ 200 342 Stamford City, Jiangyin(1) 183 368 324 Serenity Cove, Tianjin (Ph 3)(1) 139 100 101 Tianjin Eco‐City (35.4 ha within SUA)(2) 888 894 1,284

Total 3,399 5,705 7,011

(1) Balance units (2) New launches 42

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Other Overseas Residential Launches

Units to launch 2010 2011 2012

Vietnam The Estella, Dist. 2, HCMC (1) 134 145 300 Riviera Point, Dist. 7, HCMC (2) 300 400 368 Prime Condo, Dist. 2, HCMC (2) ‐ ‐ 350 Riviera Cove (Villa Devt.), Dist. 9, HCMC (1) 20 ‐ ‐ Saigon Sports City, HCMC (2) ‐ ‐ 355 Dong Nai Waterfront City (2) ‐ ‐ 100 South Rach Chiec, Dist 2, HCMC(2) ‐ 300 400 Riviera Garden, Dist 12, HCMC (2) ‐ 87 87 Thailand Villa Arcadia at Srinakarin, Bangkok (1) 36 50 50 Villa Arcadia at Watcharapol, Bangkok (1) 28 30 30 India Elita Promenade, Bangalore (1) 85 139 ‐ Elita Horizon, Bangalore (2) ‐ 187 400 Elita Garden Vista, Kolkata (1) 124 244 233 Indonesia Jakarta Garden City (1) 125 373 1,021 Middle East Al Mada Towers, Jeddah, Saudi Arabia (2) 350 300 300

Total 1,202 2,255 3,994

(1) Balance units (2) New launches 43

Attributable Attributable Remaining Units Project Location KLL's Tenure

Singapore Residential Landbank

Attributable Attributable Land Area GFA (%) (sf) (sf) Site at Lakeside Drive* Lakeside Drive 100% 99‐yr 173,486 607,208 550+ Reflections at Keppel Bay Keppel Bay 30% 99‐yr 269,930 624,521 386 Marina Bay Suites Marina Bay 33.3% 99‐yr 19,015 156,462 89 Keppel Bay Plot 3 Keppel Bay 30% 99‐yr 125,366 152,999 307 Keppel Bay Plot 4 Keppel Bay 11.7% 99‐yr 36,114 40,300 234 Keppel Bay Plot 6 Keppel Bay 30% 99‐yr 141,429 67,813 94 Total 765,340 1,649,303 1, 660 Remaining Units Project Location KLL s Stake Tenure 44

* New site awarded by URA + Estimated number

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China Residential Landbank

Site Location KLL's Stake Total Land Area Total GFA Remaining Area Remaining Units (%) (sm) (sm) For Sale (sm) For Sale 8 Park Avenue Shanghai 99% 33,432 133,393 65,233 394 Park Avenue Central Shanghai 99% 28,488 99,708 99,708 708 Villa Riviera Shanghai 99% 153,726 53,796 4,117 5 The Arcadia Tianjin 100% 127,970 74,826 33,808 28 Central Park City Wuxi 49.7% 352,534 670,510 (2) 392,825 (1) 3,324 The Botanica Chengdu 44.1% 419,775 1,042,846 (1) 415,090 (1) 4,267 Stamford City Jiangyin 83.3% 82,987 314,507 (2) 246,549 (2) 871 The Seasons Shenyang 100% 348,312 496,265 487,032 4,748 Waterfront Township Devt Shenyang 100% 302,681 756,580 (2) 756,580 (2) 5,695 The Springdale Shanghai 99% 264,090 328,792 (2) 318,521 (1) 2,667 45 (1) Excludes commercial area (2) Includes commercial area Integrated Marina Lifestyle Devt Zhongshan 80% 881,638 432,003 427,683 2,855 Serenity Cove P3 Tianjin 100% 128,685 80,000 79,800 340 Tianjin Eco‐City (35.4 ha within SUA) Tianjin 55% 354,174 684,500 684,500 4,995 Mixed Devt Tianjin 100% 1,666,665 1,358,199 1,358,199 8,664 Total 5,145,157 6,525,925 5,369,645 39,561

Other Overseas Residential Landbank

Country Site KLL's Total Land Area Total GFA Remaining Area for Sale Remaining Units for Sale Stake (sm) (sm) (sm) India Elita Promenade , Bangalore 51% 96,618 237,446 36,261 224 Elita Horizon, Bangalore 51% 79,177 150,680 150,680 1,138 Elita Garden Vista Kolkata 37 74% 93 998 195 380 130 561 806 Elita Garden Vista, Kolkata 37.74% 93,998 195,380 130,561 806 Sub‐Total 269,793 583,506 317,502 2,168 Indonesia Jakarta Garden City ‐ LH phase 1 51% 143,990 148,839 81,550 507 ‐ LH remaining phases 827,914 999,890 999,890 7,403 Sub‐Total 971,904 1,148,729 1,081,440 7,910 Thailand Villa Arcadia at Srinakarin 45.5% 159,706 84,440 68,777 211 Villa Arcadia at Watcharapol 66.7% 124,912 68,314 80,614 255 Sub‐Total 284,618 152,754 149,391 466 Vietnam Saigon Sports City, HCMC 90% 640,477 688,180(2) 298,786 (1) 2,318 The Estella, HCMC 55% 47,906 279,851(2) 147,159 (1) 949 Riviera Point (Bridge‐site), Dist. 7, HCMC 75% 89,712 447,079(2) 293,676 (1) 2,400 Dong Nai Waterfront City, Dong Nai Province 50% 3,667,127 1,979,727(2) 1,802,771 (1) 10,156 Prime (Condo), Dist. 2, HCMC 60% 51,000 244,800(2) 166,464 (1) 1,500 ( ll )

46 (1) Excludes commercial area (2) Includes commercial area

Riviera Cove(Villa), Dist. 9, HCMC 60% 97,000 34,711 21,190 20 South Rach Chiec, Dist 2, HCMC 42% 300,000 995,000(2) 641,750 (1) 4,700 Riviera Garden,Dist. 12, HCMC 60% 113,098 40,715 56,549 174 Sub‐Total 5,006,320 4,710,063 3,428,345 22,217 Middle East Al Mada Towers, Jeddah, Saudi Arabia 51% 36,236 253,652 253,652 993 Sub‐Total 36,236 253,652 253,652 993 Philippines Palmdale Heights(Ph2), Manila 30.9% 15,976 62,751 62,751 1,264 SM‐KL Residential Devt. Manila 24.2% 7,068 56,000 56,000 430 Sub‐Total 23,044 118,751 118,751 1,694 Total 6,591,915 6,967,455 5,349,081 35,448

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Developments to Benefit from MRT Lines

• Madison

Residences

• 11 new Circle‐

Line Stations

• Site at

Lakeside Drive 47

Source: LTA as at 3 May 2010 DTL 1 & DTL 2 : Its schematic profile, alpha‐numeric codes and end destination numbers are subjected to confirmation

• Marina Bay

Financial Centre

• Marina Bay Suites
• Marina Bay

Residences e S a o s were opened on 17th April 2010

• Reflections at

Keppel Bay

• Caribbean at

Keppel Bay Sentosa Island Sentosa Island

Overseas – China

• Sale of 10% interests in Singapore Tianjin Eco‐City to Singbridge

Sino‐Singapore Tianjin Eco‐City

g p j y g g International Singapore(1)

Tianjin Eco‐City shareholding structure(2) :

45% 35% 20% Keppel Integrated Engineering Keppel Integrated Engineering Keppel Corporation Keppel Corporation Keppel Land Keppel Land Singbridge Int’l S’pore Singbridge Int’l S’pore 90% 10% 48

(1) A wholly‐owned subsidiary of Temasek Holdings Ltd (2) Summarised graphical representation and not the legal representation of the shareholding structure

Tianjin Eco‐City (JV)

50% 50% Registered Capital : RMB 4 billion Singapore Consortium Chinese Consortium

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This release may contain statements which are subject to risks and uncertainties that could cause actual results to differ materially from such statements. You are cautioned not to place undue reliance on such statements, which are based on the current views of Management on future developments and events.

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