Keppel Land - One of Vietnam's Pioneer, Largest Real Estate Investors

10:15:59 AM | 5/26/2006

Keppel Land, the property arm of Keppel Group - one of Singapore’s largest multi-national groups with key businesses in offshore and marine, infrastructure, and property, has been present for more than a decade in Vietnam and is one of the country’s pioneer and largest real estate investors.
 
To-date, Keppel Land has eight projects licensed, with a total approved investment capital amounting to more than US$650 million. Its diverse portfolio of properties in Hanoi, Ho Chi Minh City and Vung Tau have become reputable landmarks, being winners of both national and international awards. These awards are also recognition of the Keppel hallmark of quality, which is what makes its stable of premier properties distinctive throughout Asia.
 
In Hanoi, Keppel Land has the Royal Park Sedona Suites Hanoi that located adjacent to the tranquil and scenic Ho Tay Lake, Hanoi’s largest lake, Royal Park Sedona Suites Hanoi comprises 175 serviced apartments and villas, and a clubhouse complete with a comprehensive range of recreational facilities and amenities. For the last three consecutive years, Sedona Suites Royal Park was voted ‘Best Luxury Serviced Apartments’ in Hanoi and was also the recipient of the prestigious Vietnam Quality Award Gold Medal. Besides, in Hanoi, International Centre is the first modern office building in the capital of Vietnam and strategically located in Hanoi’s Central Business and Financial District, International Centre is a Grade A office building offering prime location. Vietcombank Tower with 22 storeys, is currently the tallest office building and a prominent landmark in Hanoi’s city skyline.
 
Besides being the headquarters of Vietcombank, this prominent landmark, which is fully occupied, is also the business address of MNCs, as well as financial and insurance institutions. This development was conferred Gold Medal by the Ministry of Construction for its quality development.
 
In Ho Chi Minh City, Saigon Sports City building is one of Keppel Land’s largest developments in Vietnam, the good class residential township occupies a 74-ha site in District 2 of HCMC and is the first of its kind in Vietnam, introducing a Healthy Lifestyle development concept. Saigon Centre is the landmark mixed-use development, strategically located in the central business district of HCMC, will comprise prime office buildings, serviced apartments and a hotel inter-linked by a retail podium when fully completed.
Saigon Centre has won numerous international and national awards for its high standard of management and services, and quality. It was conferred Outstanding Achievement in the Asia Pacific quality Award, was awarded twice the Vietnam Quality Award - Gold Medal and for the last two consecutive years, was voted as the ‘Best Business Serviced Apartments’ in HCMC in The Guide Awards.
 
Villa Riviera is located along the scenic Saigon River and HCMC’s finest waterfront address in the elite neighbourhood of An Phu Ward in District 2, the gated residential development presents a collection of 101 prime waterfront villas for sale, complemented by a plethora of resort style facilities. The Tamarind Park is a proposed apartment development that will offer the convenience of a prime location in close proximity to various city amenities.
 
In Vung Tau, the first and only international standard building is PetroVietnam Towers with a 10-storey Grade-A office building and has attracted tenants from various industries such as the oil and gas, petrochemical and financial industry.
 
Keppel Land is encouraged by the robust economic growth achieved by Vietnam in the last few years and healthy projections in the near term. With a growing middle class aspiring towards home-ownership in well developed and managed residential developments in Vietnam, Keppel Land will continue to explore with the People’s Committee of Hanoi and Ho Chi Minh City to develop large scale residential townships, which will comprise retail, commercial and public amenities and recreational facilities to offer an integrated, total living environment.
 
Established since 1890, Keppel Land’s portfolio of properties includes investment-grade commercial properties, award-winning premier residential projects, well-planned integrated townships, hotels and resorts. It is geographically diversified in Asia, with a footprint covering 28 cities in 12 countries, with a current focus in Singapore, China, India, Vietnam, Indonesia, and Thailand. In 2005, the company's share of profits from overseas grew to 59 per cent of net profit, exceeding the 50 per cent target set for 2005.
 
Huong Ly