Keppel nets $14b asset monetisation in 9M 2025 on divestments

The company plans to divest its M1 telco arm and 800 Super interests.

Keppel Corp. collected $14b in total asset monetisations in 9M2025, including $1.3b from the proposed divestment of M1’s telco business and interests in 800 Super.

It aims to complete its proposed sale by year-end, subject to regulatory approval by Singapore’s Infocomm Media Development Authority.

M1’s arrangement with Liberty Wireless mobile virtual network is not expected to affect or delay the sale, Keepel said.

It also targets another $500m of deals over the next months, it added.

Keppel also announced that it monetised about $830m of real estate assets in 9M25.

It implemented sustainable solutions across four projects with a combined asset value as of end-September 2025 of $1.3b.

Keppel’s South Central site comprises nearly 50% of office space and retail units committed or in negotiation.

The firm’s Sino-Singapore Tianjin Eco-City sold a residential and commercial mixed-use plot in October 2025 that is expected to contribute a profit of about RMB40m ($7.3m) to the company in Q42025.

1RMB = $0.18 as of 30 October 2025 (data from LSEG from Google)

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