On 19 January 2016, Keppel Land China was conferred the Top 10 ASEAN Companies in China award by the China-ASEAN Business Council (CABC) for its contributions towards the Chinese economy and its local communities. This is the fourth consecutive year the company has been bestowed this award.
Held in Beijing, the awards ceremony was graced by Mr Liu Guchang, former Chinese Vice Foreign Minister and Chairman of China Foundation for International studies; Mr Ge Zhirong, Counsellor of State Council and President of the China Entry-Exit Inspection and Quarantine Association; Mr Xu Ningning, Executive Secretary-General of China-ASEAN Business Council, as well as ambassadors to China from all 10 ASEAN countries.
Mr Ang Wee Gee, CEO of Keppel Land, said, “We are honoured to be recognised as one of the Top 10 ASEAN Companies in China for the fourth consecutive year. As one of the first foreign real estate companies to enter China more than 20 years ago, Keppel Land has been privileged to contribute to China’s urbanisation and grow in tandem with the country.
“Today, China is one of Keppel Land’s core markets and our portfolio of award-winning residential, commercial, waterfront and lifestyle developments across 10 Chinese cities is distinguished for its quality, sustainability and thoughtful innovations. We are committed to deepening our presence in the key cities of Beijing, Shanghai, Chengdu, Tianjin and Wuxi, where we have established strong track records, networks and local teams.
“As we do well, we are also focused on doing good. As a responsible corporate citizen, Keppel Land continues to engage and support communities wherever we operate through our multi-faceted approach towards corporate social responsibility.”
Keppel Land China is a wholly-owned subsidiary of Keppel Land, and is focused on developing township, residential, waterfront, commercial and mixed-use developments in China.
Over the years, Keppel Land China has expanded its footprint in China to 10 cities. To-date, the company has over 20 projects with a pipeline of about 39,000 homes. As at end-2015, Keppel Land has a portfolio of assets worth about $7.1 billion (RMB32.3 billion) in China.
China is the largest market for Keppel Land, accounting for about 48% of total assets.