Keppel Land strengthens China focus by opening subsidiary

Group appoints Choo Chiau Beng Chairman of Keppel Land China and Kevin Wong Deputy Chairman.

Keppel Land Limited (Keppel Land) on Wednesday announced it will strengthen its focus in China through a wholly-owned subsidiary, Keppel Land China Limited (Keppel Land China) which is being established to own and operate all of Keppel Land's properties in the country, according to a Keppel Land report.

Building on the Keppel Group's strong network and track record in 20 cities across China, Keppel Land currently has a total GFA of 5.3 million sm which translates to more than 40,000 homes in township, residential and waterfront developments. Keppel Land is also an investor, as well as developer cum project manager for the Keppel development, in the landmark Singapore-China government project, the Sino-Singapore Tianjin Eco-City.

Mr Kevin Wong, Group CEO, Keppel Land said, "China is one of our strongest and most important markets. With Keppel Land China, we will be even more nimble to capture value in such a vast and fast growing market.

"Keppel Land's experience in masterplanning and developing townships and prime residential developments will contribute to sustainable, urban living solutions which are in rising demand there. We will also leverage our strong Singapore experience in developing prime commercial properties to actively look for opportunities in China to build on our sterling portfolio."

Mr Choo Chiau Beng will be Chairman of Keppel Land China while Mr Kevin Wong will be appointed Deputy Chairman. Other members of the Board will be Mr Teo Soon Hoe, Mr Khor Poh Hwa, Mrs Koh-Lim Wen Gin, Mrs Oon Kum Loon, Mr Loh Chin Hua, Mr Tay Lim Heng, and Mr Ang Wee Gee, who will also be appointed the Executive Vice Chairman.

Mr Ang will helm Keppel Land China while Mr Ho Cheok Kong, who currently oversees China operations, will be re-designated President (China).

At the same time, the organisation is further streamlined with Mr Tan Swee Yiow who is redesignated as President (Singapore Commercial) and Head (Regional Investments) responsible for Indonesia, Malaysia and Myanmar and Mr Augustine Tan as President (Singapore Residential) and Head (Regional Investments) responsible for India and Middle East.  Mr Linson Lim is redesignated as President (Vietnam, Thailand & Philippines).