Keppel's property segment dethrones O&M in profits

In 9M2017, property comprised 55% of contributions, whilst O&M comprised 2%.

The contribution of Keppel Corporation's (Keppel) property to the bottomline rose drastically from 20% to 55% currently, as offshire and marine (O&M), once the star performer that accounted for two-thirds of profits, is merely at 2% now.

According to DBS Equity Research, half of Keppel's landbank is currently under development.

Keppel has a huge land bank of 6.5m sqm, predominantly for residential projects, of which 68% is in China and 24% in Vietnam.

Keppel strategically acquired the landbank at a much lower cost five to ten years ago, largely during 2007-2012.

Approximately 40% of the undeveloped GFAs are either for residential, mixed use, or township developments in Tianjin Eco-City, that was acquired from Keppel’s 45% JV Sino-Singapore Tianjin Eco-City Investment and Development Co Ltd (SSTEC) prior to 2009, for an estimated cost of around $204.91 (RMB1,000) psm.

The land sale price in Tianjin Eco-City has since surged 14 more times to $2827.59 (RMB13,800) psm as of June 2017, implying lucrative returns when the land is developed.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia