28 Sustaining GrowthChina focusFacilitated by expansionarymonetary and fiscal stimuli,China continues to lead abroader Asian economicrecovery. The <strong>Keppel</strong> Group,with its growing presenceand network in China, iswell-positioned to capitaliseon business opportunitiesmushrooming in thiseconomic powerhouse.PROVIDER OF CHOICEHOMESThe Chinese property marketremains strong, underpinnedby sound fundamentals suchas rising household incomeand better-than-expectedemployment figures.The Arcadia, a villa development in Tianjin, has sold 88% of its launched residential units as at end March <strong>2010</strong><strong>Keppel</strong> Land is poised tomeet the aspirations ofChinese homebuyers. It hasa landbank of 7.2 million smin gross floor area spreadacross 10 cities whichtranslates to more than30,000 homes in thepipeline. For <strong>2010</strong>, <strong>Keppel</strong>Land is planning saleslaunches for its projects inShanghai, Shenyang, Tianjin,Wuxi and Chengdu.Meanwhile, for theresidential township, TheBotanica in Chengdu, some376 launched apartmentswere sold in the firstweekend of <strong>April</strong> <strong>2010</strong> whilevilla development, TheArcadia in Tianjin, has sold88% of 115 launched unitsas at end March <strong>2010</strong>.GATHERING INTERESTAgainst the backdrop ofincreasing interest in<strong>Keppel</strong>’s businesses, theGroup played host to11 journalists from Beijing,Shanghai and Guangzhoufrom 14 to 15 <strong>April</strong> <strong>2010</strong>.The media delegation,representing business andlifestyle publications suchas Global Entrepreneur,21st Century Business Heraldand Guangzhou Daily, wasintroduced to <strong>Keppel</strong>’skey business units anddevelopments.To help them betterunderstand the Group’sbusinesses, they were briefedduring tours of Reflections at<strong>Keppel</strong> Bay’s show gallery,Marina at <strong>Keppel</strong> Bay, <strong>Keppel</strong>FELS yard and the <strong>Keppel</strong>Seghers Tuas Waste-to-Energy Plant.CONTRIBUTING TO TOPINDUSTRIAL PARKSThe Tianjin Economic-Technological DevelopmentArea (TEDA) has been namedthe top industrial park in Chinawhile the China-SingaporeSuzhou Industrial Park a closesecond out of 254 in a newset of ratings of China’sindustrial parks. The BusinessTimes reported on the <strong>2010</strong>ratings which were publishedin the report – Manufacturing,Outsourcing and R&D in China– by research and consultingfirm China Knowledge.The parks are rated based onfive key criteria: the macroeconomicperformance of thelocal area; the level ofdevelopment of the park;local investment andoperational costs; local skilllevels and their availability andthe quality of managementand administration.According to the report,China’s industrial parksattract about one-third of thecountry’s realised foreigndirect investment annually.The China-Singapore SuzhouIndustrial Park, developedjointly in 1994 by thegovernments of Singaporeand China, has served as amodel for many of China’sindustrial parks. <strong>Keppel</strong><strong>Keppel</strong>ite I <strong>April</strong> <strong>2010</strong>
Sustaining Growth 29had led the Singaporeconsortium in the China-Singapore Suzhou IndustrialPark.In Tianjin, the masterdeveloper of the Sino-Singapore Tianjin Eco-City(Tianjin Eco-City), Sino-Singapore Tianjin Eco-City Investment andDevelopment Co. is a 50/50joint venture between theSingapore Consortium led bythe <strong>Keppel</strong> Group, and theChinese Consortium led byTianjin TEDA InvestmentHolding Co Ltd. Located inthe Tianjin Binhai New Area,the 30-sq km Tianjin Eco-Cityis envisioned to create aharmonious and sustainablecommunity that meets theneeds of an urbanising Chinaand will be a moderntownship where 350,000residents can live, work andplay.The Chinese media delegation getting a taste of true waterfront lifestyle that is <strong>Keppel</strong> BayThe <strong>Keppel</strong> Group is the firstforeign property developer topush ahead with theconstruction of eco-homeson its 35.4-ha site in theStart-Up Area of the Sino-Singapore Tianjin Eco-City.Phase 1 consists of about1,700 homes with a totalGross Floor Area (GFA) ofabout 170,000 sm andcommercial facilities totallingabout 40,000 sm of GFA.keppeliteGaining insights into the offshore and marine industry at the <strong>Keppel</strong> FELS yard<strong>Keppel</strong>ite I <strong>April</strong> <strong>2010</strong>