|
The Group's strategy for enhancing
shareholder value focuses on developing
properties for sale and managing
property funds.
Besides the Singapore property
market, the Group is in the property
markets of China, Vietnam, Indonesia,
India and Middle East where there is a
shortage of good quality housing to
satisfy the needs of their growing
middle-class populations.
Regionally, the success of the Group's
efforts will be dependent, inter alia, on
the following factors:
- Availability of residential sites at
competitive prices for housing and
also good sites at competitive prices
in populous cities for township
development so that economies
of scale can be achieved to provide
good quality and affordable
urban housing;
- Effective partnerships with
contractors, suppliers, joint venture
partners and other stakeholders so
that projects can be delivered on
time and with quality;
- Favourable lending laws and interest
rates for property developers and
end-purchaser financing;
- Favourable tax laws and double
taxation treaties with Singapore,
and ease of repatriating funds
to Singapore;
- Proper management of interest and
currency rate exposures.
The Group also faces possible challenges
such as political uncertainty issues.
The Group's property fund management
business will develop further for
recurring income. Efforts are being
made to identify and invest in projects
that will give the expected rates of
return required by investors.
For both its Singapore and overseas
markets, the Group may again face
economic uncertainties if the rebound
from the recent global economic downturn
is not sustained.
The Company will continue to monitor
all major risks affecting the Group and
take the necessary actions to mitigate
or eliminate them.
|
|
Staying vigilant and
ready for crises such
as a pandemic outbreak
ensures business continuity
for Keppel Land.
|
