Milestones 2002

JANUARY

• Keppel Land won its eighth Grand Award at the 28th Annual Report Awards Competition. This was its second consecutive Grand Award win for the Company, having clinched the Grand Award in 2001 as well.
• Keppel Land established a US$800 million Multicurrency Medium Term Note Programme which allows the Company to issue notes in series or tranches denominated mainly in US and Singapore Dollars.
• The launch of Butterworth 8, a 216-unit freehold condominium in Tanjong Katong, met with strong demand.
• At its full-year results press conference, Keppel Land unveiled its strategy to focus on the two core businesses of property development for sale and fee-based property fund management.

FEBRUARY

• Keppel Philippines Properties' latest retail mall, The Podium, garnered 74% occupancy despite the challenging economic environment.

MARCH

• Keppel Land was among the first landlords in Singapore to install e-portals in its commercial buildings as a platform for information exchange between property managers and their tenants. The e-portals were installed by Tenantworld, an industry-led office e-hub in which Keppel Land has a stake.

APRIL

• The Company posted an 8% increase in attributable profit for the first quarter of 2002.

MAY

• Villa Verde was conferred Special Mention Award in the residential category of the prestigious FIABCI Prix d'Excellence Awards 2002.
• Keppel Land acquired a 7.2-ha site for a high-rise residential development in Wang Jing Estate, the largest planned township in Beijing.
• Sedona Hotel Yangon was the official conference venue for the fourth meeting of the joint commission for bilateral co-operation between Vietnam and Myanmar, graced by Vietnamese President Tran Duc Luong.

JUNE

• Keppel Land monetised $355 million worth of residential receivables from the sale of three residential developments (Amaranda Gardens, Butterworth 8 and The Edgewater). This allowed the Company to bring forward cash flows from the three projects which were sold on the deferred payment scheme. The monetisation exercise has since won the prestigious IFR Asia Securitisation Deal of the Year Award.
• The Company, through its Thai-listed property arm, Five Stars Property, acquired a 8.2-ha freehold site in Bangkok for landed housing development.
• Five Stars Property Public Company Limited was renamed Keppel Thai Properties Public Company Limited to leverage on Keppel Land's established quality brand.