Market and Operations

Financial Highlights

Simplified Balance Sheet

Half-Yearly Results

Five-Year Financial Profile

Organisational Structure

Human Resources and
Community Relations

Investor Relations

In Harmony with the
Environment

Asian Economic and Property
Round-Up

Change and Impact

In Retrospect... and Prospects

Market and Operations

Sedona Hotels International

Feature - Keppel Bay
- Exclusive Homes
by the Sea

Segmental Reporting

Value Added and Productivity

Value Added by Segment

Value Added Statement

Property Portfolio Analysis

Gearing Structure

Directors' Report

Statement by the Directors

Auditors' Report

Profit and Loss Accounts

Group Statement of
Changes in Equity

Company Statement of
Changes in Equity

Consolidated Cash Flow
Statement

Summary of Significant
Accounting Policies

Notes to the Accounts

Subsidiary and Associated
Companies

Corporate Information

Corporate Structure

Calendar of Financial Events

Statistics of Shareholdings

Notice of Annual General
Meeting

Share Transaction Statistics

Market and Operations

REVIEW OF OPERATIONS

SINGAPORE

RESIDENTIAL

New launches

Keppel Land launched the unique waterfront property, Caribbean at Keppel Bay at the site of the former Keppel Shipyard in 2000. Despite poor market conditions, the project achieved good sales as buyers were sold on the Group’s signature quality, thoughtful layouts and choice finishings. Freesia Woods located in Sunset Way was soft-launched in the last quarter of 2000.

Caribbean at Keppel Bay

The first and only one of its kind, Caribbean at Keppel Bay redefines waterfront living in Singapore with its unparalleled sea views, grand marina and spectacular water channels which bring the sea right up to the homes. Comprising 969 units of two- to four-bedroom luxurious condominiums with floor areas ranging from 840 sf to 6,135 sf, the project received enthusiastic response.

Visitors thronged the Caribbean show house, and good sales were achieved. All were impressed with the signature quality, thoughtful layouts and choice finishings.

Some 200 units were snapped up even before the official launch on 16 September 2000. Visitors to Caribbean’s showflat were impressed with quality finishes and features such as the floor to ceiling french glass windows, the private lift lobby and the thoughtful half-sunken long bath. Caribbean is also the first of Keppel Land’s Internet-powered homes equipped with state-of-the-art technology. These include broadband

MARKET REVIEW
Residential market weighed down by weak sentiments
Despite the stellar economic performance, sentiments in the residential market were affected by volatility in the stock market and concerns over the US economy.
House-buying momentum was generally sluggish for the year with the exception of the third quarter when demand rose to about 2,129 units. As a result, total demand for the year fell to 5,406 units while residential prices slipped 1% overall, with the 4.6% increase in the first half of the year offset by the 5.5% decline in the second half.
Singapore’s economic growth for 2001 is expected to be moderate. Concerns over the US economy and the performance of the local stock market will affect the near-term outlook of the residential market. Nevertheless, demand will be sustainable with the low interest rate environment and partial restoration of the employer’s CPF contributions.

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