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Looking Back at 2000 Results and Initiatives
- Group profit increased by 53.3% to $120.6 million.
- Completed and handed over more than 1600 Keppel Land homes in Palm Gardens, The Mayfair and Villa Verde to purchasers.
- Launched sale of condominium units at Caribbean at Keppel Bay and Freesia Woods.
- Acquired a 45% stake in Five Stars Property, a company listed on the Stock Exchange of Thailand.
- Completed purchase of four development sites and other assets from TLB Land Limited.
- Also acquired:
- Uraco Industrial Building in Singapore for development as a data centre;
- Wisma BCA, a prime office development in Jarkarta;
- Three sites for residential development in Shanghai.
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Looking Ahead at 2001 Objectives and Outlook
- Value unlocking of Cluny Hill prime residential site.
- Launch and construction of several new residential projects in Singapore,depending on market conditions.
- Unlocking of value in the Group’s office portfolio with suitable approach, for example securitisation, REITs, etc.
- Joint-venture office development of Marina Boulevard site.
- Joint-venture development of The HarbourFront Office Park.
- Search for shorter-term trading projects and strategic acquisitions of property companies in North Asia, particularly China, Hong Kong, South Korea and Japan.
- Completion of acquisition of a 24.9% stake in Dragon Land.
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