Latest Forum Topics / Keppel Land | Post Reply |
Kepland
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pharoah88
Supreme |
18-Mar-2010 13:43
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bOOmz bOOMZ BOOMZ | ||||
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pharoah88
Supreme |
18-Mar-2010 12:26
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S$3.72 dOne on HiGH vOlume | ||||
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pharoah88
Supreme |
18-Mar-2010 11:01
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KEPPEL LAND SCORECARD S$0.08 dividend EX-DATE on 27th APRIL 2010 Analyst TP S$4.53 An UNpOlished GEMS |
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pharoah88
Supreme |
18-Mar-2010 10:58
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bE an INFORMED BUYER and SELLER | ||||
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pharoah88
Supreme |
18-Mar-2010 10:55
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S$0.690 done at HiGH vOlume | ||||
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pharoah88
Supreme |
18-Mar-2010 10:24
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bE an INFORMED BUYER and SELLER | ||||
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hanwudi
Member |
17-Mar-2010 23:34
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Hold tight for another super speed upwards ride! |
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pharoah88
Supreme |
17-Mar-2010 12:13
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brEakOut cOnfirmEd TiME tO lOad UP UP and AWAY
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pharoah88
Supreme |
16-Mar-2010 11:24
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TRiPLE bOttOms Pending breakOut UptrEnd
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pharoah88
Supreme |
16-Mar-2010 11:21
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S$0.08 dividend EX-DATE on 27th APRIL 2010 Analyst TP S$4.53 Kep Land is an UNpOlished GEMS |
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pharoah88
Supreme |
15-Mar-2010 11:14
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S$0.08 dividend EX-DATE on 27 April 2010 | ||||
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pharoah88
Supreme |
15-Mar-2010 11:12
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Use S$4.53 as a gauge and WATCH CLOSELY current development DAILY.
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hanwudi
Member |
14-Mar-2010 23:02
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Units to launch 2010 2011 2012 Waterfront Condo, Binh Thanh Dist, HCMC - - 350 They will only launch Waterfront Condo in Binh Thanh District from 2012 onwards, thus the termination of An Phu Corporation will not affect Kepland. I dont think Kepland will pull out of Vietnam market. They only left 549 units to be sold for Waterfront Condo in Binh Thanh. |
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hanwudi
Member |
14-Mar-2010 22:52
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The Termination of JV Agreements with An Phu Corporation is of a different joint venture for different project. I think the affected development only apply to Waterfront Condo where kepland is already owned 60% stake.
Waterfront Condo, Binh Thanh Dist, HCMC 60% 17,428 87,140 74,069 12 January 2010
Keppel Land inks JVA for new waterfront site in Ho Chi Minh CitySealing of agreement held in Hanoi witnessed by Singapore’s Prime Minister Lee Hsien Loong and Vietnam’s Prime Minister Nguyen Tan Dung Keppel Land Limited (Keppel Land), through its wholly-owned subsidiary, KLL Strategic Holdings Pte Ltd (KLLSH), today signed a joint venture agreement (JVA) with Vietnamese partner Tien Phuoc Co., Ltd (Tien Phuoc) to develop a 11-ha waterfront residential site for 175 villas fronting the Saigon River in Ho Chi Minh City (HCMC). Witnessed by Singapore’s Prime Minister Lee Hsien Loong and Vietnam’s Prime Minister Nguyen Tan Dung in a ceremony held in Hanoi, the JVA was signed by Mr Kevin Wong, Group CEO of Keppel Land and Mr Nguyen Thanh Lap, Chairman of Tien Phuoc. This is the third project between Keppel Land and Tien Phuoc, a reflection of their strong and deepening relationship. The two other projects are located in District 2 – The Estella, a prime 1,393-unit condominium development and a 30-ha waterfront residential township (developed together with another Vietnamese partner, Tran Thai Co., Ltd). Keppel Land is one of Vietnam’s pioneer and leading foreign property developers, with a quality portfolio of properties in Hanoi, HCMC, Dong Nai and Vung Tau ranging from Grade A offices, residential properties, integrated townships to award-winning serviced apartments. To-date, the Company has a pipeline of more than 20,000 homes, two office buildings and serviced apartments in Vietnam with a total investment capital of almost US$4.7 billion. Mr Kevin Wong, Group CEO of Keppel Land, said, “As a pioneer foreign developer in Vietnam, Keppel Land has introduced and set standards in sustainable developments with desirable live-work-play environments. We target to achieve a minimum of Singapore’s Building and Construction Authority’s (BCA) Green Mark Gold Standard in our developments. “The acquisition will leverage on the strengths of the partnership and present an excellent opportunity for Keppel Land to further enhance our reputation as a choice developer of high-end landed homes in Vietnam.” Upon the issuance of investment certificate and relevant government approvals, KLLSH will take up 60% stake amounting to US$16.2 million (approximately S$22.7 million) of the total registered capital of US$27.0 million (approximately S$37.8 million) in the JV company while Tien Phuoc will subscribe for the remaining interest. The villa development is also Keppel Land’s third landed waterfront property in HCMC. The first, Villa Riviera, located in District 2, saw all 101 units sold within a year of its launch in 2006. Riviera Cove, the second villa project comprising a total of 96 villas in District 9, was recently launched to positive response. About 80% of 60 select villas at Riviera Cove was taken up within a month of its launch in mid-November 2009. The above transaction is not expected to have any significant impact on the net tangible asset per share or earnings per share of Keppel Land for the financial year ending 31 December 2010. About Keppel Land Limited (Keppel Land) With its first mover advantage, Keppel Land is one of the largest real estate investors in Vietnam, with a quality portfolio of properties comprising prime office developments and residential properties, as well as award-winning serviced apartments. This includes International Centre and Sedona Suites Royal Park in Hanoi, and PetroVietnam Towers in Vung Tau. In HCMC, Keppel Land is currently developing The Estella, a prime 1,393-unit condominium development in District 2, and Saigon Centre, poised to be an iconic architectural landmark comprising premier office buildings, serviced apartments and retail components. About Tien Phuoc Co. Ltd. (Tien Phuoc) Tien Phuoc Company Limited has been recognised as one of the most reputable real estate investors and developers in Vietnam. Established in 1992, Tien Phuoc has proven its success through numerous projects in the region including a 30-ha waterfront township in South Rach Chiec, Greenfield Village; Tien Phuoc – South Saigon Residential Complex; Le Meridien Saigon Tower (a hotel cum office mixed-use development); The Estella; Cam Ranh Bay Resort and Spa; and Tien Phuoc Building. |
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sureesh40
Senior |
14-Mar-2010 19:03
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Heard in the news that Kepland has terminated it's joint venture with a Vietnamese partner. Does this mean kepland is pulling out of vietnam.Will this development effect it's share price. |
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pharoah88
Supreme |
13-Mar-2010 15:28
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CHiNA RICHEST man 2010 is a wOman in ChONG QING. She is the Property Queen and fOunder of dragOn lakE grOup. amassed with US$3.9 Billion |
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pharoah88
Supreme |
12-Mar-2010 17:32
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Kep Land iS FiNANCiALLY sOund | ||||
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pharoah88
Supreme |
12-Mar-2010 14:24
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Hong Kong Homes Set for ‘Another Good Year,’ Sun Hung Kai Says 2010-03-11 23:21:46.423 GMT By Chia-Peck Wong March 12 (Bloomberg) -- Hong Kong’s home market may see “another good year” in 2010 as buyers remain financially sound, according to Sun Hung Kai Properties Ltd., the world’s biggest developer by market value. “We don’t see any bubbles in the market,” Victor Lui, executive director of Sun Hung Kai’s real estate arm, said at a briefing yesterday. An economic recovery in Hong Kong, near-zero interest rates on savings, 20-year low mortgage rates and record low supply spurred a 29 percent gain in overall existing home prices last year, leading the government to raise property taxes and down payments to cool the market. “The residential market in Hong Kong is likely to see another good year both in terms of prices and volume,” Chairwoman Kwong Siu Hing said in a stock exchange statement as the developer announced underlying first-half profit that beat estimates. “Affordability, mortgage interest rates, liquidity and homebuyer confidence remain favorable,” she said. Last year’s increase in home prices led the Hong Kong Monetary Authority to tell banks to price new mortgage loans above its “reference rate” amid concerns a price war may further erode their profit margins, Stanley Wong, deputy general manager at ICBC Asia Ltd., said earlier this month. The HKMA, the city’s de facto central bank, set the reference levels at 0.7 of a percentage point above the one- month Hong Kong interbank offered rate and 3.1 percentage points below the prime mortgage rate when it met lenders, Wong said. No Real Intervention So far, Hong Kong’s measures don’t represent active intervention in the market, Credit Suisse analysts led by Hong Kong-based Cusson Leung said in a March 8 report. “We believe the government will observe the market for another two to three months to gather any hard evidence before it really intervenes,” the report said. The city’s government shouldn’t enter the property market, as its last intervention led to the 1998 crash, Thomas Kwok, vice-chairman of Hong Kong-based Sun Hung Kai and Kwong’s son, told reporters at a briefing yesterday. Prices of some luxury apartments, typically defined as those bigger than 1,000 square feet (92.9 square meters) or costing more than HK$10 million ($1.29 million) each, have returned to record levels posted in 1997, John Tsang, Hong Kong’s finance secretary, said in his Feb. 24 budget speech. Henderson Land Development Co., a Hong Kong developer controlled by billionaire Lee Shau-kee, said in October it sold a luxury apartment at a world record price of HK$88,000 on a per square foot basis. Rival Views History may make Hong Kong’s leaders cautious. At the height of a bubble in 1997, the year Britain returned Hong Kong to China, the government pledged to supply 85,000 homes a year. In 1998, prices tumbled in the Asian financial crisis. Kwok’s comments pit him against rival developers such as New World Development Co., whose managing director Henry Cheng said parts of Hong Kong’s property market show signs of “overheating.” Cheng, son of billionaire Cheng Yu-tung, supports proposals to resume construction of government- subsidized housing provided not “too many” units are built, Radio Television Hong Kong reported March 8. Billionaire Vincent Lo, chairman of developer Shui On Land Ltd., also backs the proposal, the government broadcaster said. Measures by the Chinese and Hong Kong governments to cool the property market “are sensible” as steps include an increase in supply, Martin Cubbon, chief executive of Swire Properties Ltd., the real estate arm of Swire Pacific Ltd., said yesterday. Supply Drops “We will support any moves that seek to improve transparency in prices,” Cubbon said, declining to comment further as Swire Pacific seeks to spin-off the properties unit through a share sale in Hong Kong. Completions of Hong Kong apartments fell to a record low of 7,160 last year and may double this year, the government said on March 4. For homes bigger than 100 square meters each, completions, which more than doubled in 2009 to 2,420, may fall to 1,430 this year, it said. Sun Hung Kai and Swire Pacific yesterday reported profit that beat analysts’ estimates. Sun Hung Kai said fiscal first-half underlying profit rose 44 percent to HK$6.51 billion on wider margins from real estate sales and higher rental income. The median estimate of five analysts surveyed by Bloomberg News was HK$5.55 billion. Swire Pacific, the Hong Kong office landlord and owner of 42 percent of Cathay Pacific Airways Ltd., said 2009 underlying profit jumped 62 percent to HK$8.48 billion, as the airline returned to profit and rental income rose. That compares with the HK$7.5 billion median estimate of five analysts surveyed by Bloomberg. For Related News and Information: Hong Kong Property: HKRE <GO> Hong Kong Office: TNI HK CREOFFICE <GO> --With assistance from Kelvin Wong in Hong Kong. Editors: Malcolm Scott, Ed Johnson To contact the reporter on this story: Chia-Peck Wong in Hong Kong at +852-2977-6532 or cpwong@bloomberg.net. To contact the editor responsible for this story: Malcolm Scott at +612-9777-8676 or Mscott23@bloomberg.net |
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Livermore
Master |
12-Mar-2010 13:01
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Target price got no meaning. At $1 plus analysts said Sell. Target price always get revised
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pharoah88
Supreme |
12-Mar-2010 12:35
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Analyst TP S$4.53 (S$0.90 upside from S$3.63) 23% return potential. can buy more on weakness. |
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