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Milestones 2000
July
- Keppel Land and Yi Liang County signed a Memorandum of Understanding for an adjacent
133-ha site to further enhance the award-winning Spring City Golf and Lake Resort in
Kunming, China.
- Spring City’s third resort home development, The Azalea was launched.
- Keppel Land secured a conditional option to purchase Uraco Industrial Building for
$29 million, as part of its plans to invest in and develop TeleHubs in Asia.
August
- Keppel Land announced that it would redevelop its 307,449 sf freehold site in Cluny Hill
which would be launched for sale next year.
September
- Caribbean at Keppel Bay, Singapore’s first homes by the sea, was launched with astounding
success.
- Keppel Land acquired Wisma BCA, a prime office development located in the prestigious
banking and financial precinct in Jakarta for $57.5 million.
- Saigon Centre was the first property development in Vietnam to be awarded an Excellent
Grade in the International Asia Pacific Quality Award Competition.
November
- KeplandeHub signed a Memorandum of Understanding with pFission, City Developments
and Interpex Services to invest up to $5 million in a joint-venture company which will develop
and operate an office e-hub that will link up office tenants, property managers and property
owners.
December
- Keppel Land acquired three sites for local residential development covering a total area of
95,906 sqm in the prime area of Jingan District, Shanghai. The three sites are valued at a total
of $229.5 million, and payment will be made progressively over the next four years.
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