Milestones 2001
July
- Despite the soft market conditions, the soft launch of Cluny Hill good-class bungalow plots saw five plots sold
in the first half of the year.
- Spring City Golf and Lake Resort played host to the Board of Governors’ 3rd Annual Meeting.
- The Australian Victorian Government visited Caribbean at Keppel Bay condominium development during its
study tour of waterfront properties in Singapore.
August
- Keppel Land reports a profit of $52.6 million at its interim results announcement.
- The Company hosted a visit by officials from Suzhou Industrial Park on a “software transfer” training
programme on corporate governance, financial reporting and investor relations.
- Keppel Land received the FIABCI Prix d’Excellence certificate of recognition for Capital Square and Bugis
Junction at the FIABCI ceremony held on 3 August.
September
- The Securities Investors Association (Singapore) awarded the Company the runner-up prize in the properties’
category for Most Transparent Company Award.
- Keppel Land hosted a visit by China’s Shenzhen Construction Investment Holding Corporation on an exchange
programme on human resource management.
October
- Bugis Junction won the top prize at the Fire Safety Excellence Awards once again and was subsequently
conferred the highest award, the Special Mention Award, for winning the award from 1999 to 2001.
November
- Keppel Land announced its intention to launch Singapore’s first prime office listed property trust.
- In line with the divestment strategy, Keppel Land sold its Australand Holdings stake for $38.4 million.
- The Company announced the write-down of the residential landbank by $455 million.
- Keppel Land appointed Mr Lim Ho Kee and Associate Professor (Dr) Tsui Kai Chong as Directors to its Board.
- The “edge>”, a new retail concept targeted at the young, was launched on the third level of Parco Bugis Junction.
December
- Continuing its divestment strategy, Keppel Land divested :
- Bayswater Village in Sydney, Australia for $22 million;
- Nana Tai Mansion in Bangkok, Thailand for $6.2 million.
- Overwhelming success was seen at the launch of The Edgewater condominium, with all units sold.
- Amaranda Gardens condominium saw equally good response at its launch, with 98% of the units sold.
- Keppel Land broke ground at One Park Avenue, the largest upmarket residential development by a foreign
developer, in Jingan, Shanghai.
- Keppel Land signed a Memorandum of Understanding with Yiliang Yang Zong Hai Tourist Resort Development
Holding Co. to develop a residential project on a 380-ha site in Kunming, China.
- Parco Bugis Junction won the Singapore Tourist Board’s Best Decorated Building for Christmas Award for the
second consecutive year.
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