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OPERATIONS AND MARKET REVIEWVIETNAMDesigned with the concept of aneighbourhood sports hub, thedevelopment will feature world-classsporting facilities such as an Olympicsizedswimming pool, a tennis academy,a grandstand football field, an auditoriumand a sports training hall. Additionalfeatures include commercial and retailcomponents as well as educational andmedical facilities within the township.RIVIERA POINT, DISTRICT 7Located along the Ca Cam River,Riviera Point is linked to the establishedPhu My Hung Township via twobridges, one of which is thenewly-opened Phu Thuan Bridge.Eco-friendly features such as arain-water recycling system, carbonmonoxide monitoring system forunderground parking lots and solarheating system have been integratedinto the development’s design.When completed, the 40-storeyhigh Riviera Point will be the tallestcondominium development inDistrict 7. It offers 2,400 high-endapartments amidst lush landscaping.The first phase of the development wassoft-launched in early-2011 and about67% of the 277 launched units havebeen sold as at end-February 2012.RIVIERA COVE, DISTRICT 9Nestled in a residential enclave alongRach Chiec River, the developmentfeatures 96 resort-style villas with threedesigns – Garden Villa, Clubhouse Villaand River Villa. Riviera Cove offersresidents a riverfront lifestyle with a fullrange of facilities including a 280-metrepromenade fronting the Rach Chiec River.Close to Rach Chiec Sports Complexand the upcoming Saigon Sports City,Riviera Cove is easily accessiblevia the East-West Highway andHanoi Highway.The gated villa development is about84% sold as at end-February 2012.VILLA DEVELOPMENT, DISTRICT 9Fronting the Rach Chiec River inthe north and Nhanh Tributary in1the east, the development offers about150 waterfront villas targeted at theaffluent locals and expatriates.Located some 500 metres fromRiviera Cove, the site is within athree-km radius from the SaigonHigh-Tech Park, Rach Chiec SportsComplex and upcoming Saigon SportsCity. It is well-connected via the HanoiHighway, Luong Dinh Cua Streetand Inner Ring Road, which will becompleted in 2012.The project is expected to be launchedin the second half of 2012.RIVIERA GARDENS, DISTRICT 12Enjoying a prominent frontage ofthe Saigon River, the gated villadevelopment is adjacent to theBinh Duong Province and easilyaccessible via the National RoadNo. 1A Highway.Scheduled for launch in 2013,Riviera Gardens will offer 174 primewaterfront villas targeted at localbusinessmen and expatriates.VILLA DEVELOPMENT, SAIGON SOUTHLocated in an upcoming residentialprecinct about 9.6 km from the CBD, thesite faces the Nguyen Van Linh Parkwayin the north and Xom Cui River in theeast. It is four km from the Phu My HungTownship, which features a wide rangeof amenities including internationalschools, hospital and F&B outlets.The gated development will comprise225 waterfront villas and is expectedto be launched in 2013.DONG NAI PROVINCEDONG NAI WATERFRONT CITYFlanked by the Dong Nai River and itstributaries, the site is a 45-minute drivefrom HCMC’s CBD. Travelling timewill be significantly reduced with thecompletion of the HCMC-LongThanh-Dau Giay Expressway in 2013.The township development will offerresidents a serene living environmentalong a 1.5-km shoreline. The integratedwaterfront township will feature about7,850 homes including townhouses,villas and high-rise apartments withvarious commercial facilities.The development is expected to belaunched in 2012.COMMERCIALHO CHI MINH CITYSAIGON CENTRE, DISTRICT 1Strategically located on Le Loi Boulevard,one of the city’s main thoroughfares,Saigon Centre enjoys close proximityto the HCMC People’s Committee, BenThanh Market and prominent hotels.2The project is developed in severalphases. Phase 1 was completed in1996 and comprises a three-storeyretail podium, 11 floors of Grade Aoffices and 89 luxury servicedapartments under Sedona SuitesHCMC. It has since established itselfas the preferred business and residentialaddress in HCMC. The retail podium is apopular shopping destination with a goodcollection of international fashion labelsand F&B outlets. Saigon Centreremains the market leader, achievingstrong occupancy and rental ratesfor its offices, retail space andserviced apartments.Phase 2 was unveiled in agroundbreaking ceremony in November2011. When completed in 2015, it willcomprise a retail mall spanning 50,000sm over seven floors, 40,000 sm ofGrade A offices and over 200 luxuryserviced apartments.In February 2012, Keppel Land securedTakashimaya as anchor tenant in SaigonCentre Phase 2 with pre-commitmentof about 15,000 sm of retail spaceacross five floors. Keppel Land hasalso divested a 22.7% stake in SaigonCentre Phase 2 to Toshin Development(Toshin), the real estate subsidiary ofTakashimaya. It has also established a50:50 retail management company withToshin’s Singapore subsidiary.TAMARIND PARK, DISTRICT 1Located within the CBD, the siteis close to the Dong Khoi shoppingbelt and various attractions suchas the Opera House and Ben ThanhMarket. The site has been planned fordevelopment into serviced apartments.HANOIINTERNATIONAL CENTREThis eight-storey office building islocated in the heart of Hanoi, just ashort stroll to the scenic Hoan KiemLake, Hanoi Opera House, Ministryof Trade and State Bank of Vietnam.Offering over 7,000 sm of Grade A officespace, International Centre remainsthe preferred address of multinationalcorporations including Johnson &Johnson, Singapore Airlines, Citibankand Maersk.VUNG TAUPETROVIETNAM TOWERSThe 10-storey Grade A office buildingoffers approximately 12,500 sm ofquality space. PetroVietnam Towerremains the leading office buildingin Vung Tau’s prime commercialdistrict, with blue-chip tenants thatinclude financial institutions as wellas companies in the oil and gas andpetrochemical industries.HOTELS AND RESORTSHANOIROYAL PARK SEDONA SUITES HANOILocated near Hanoi‘s largestHo Tay Lake and a short drive fromthe city centre, Royal Park SedonaSuites Hanoi offers 175 luxuriousserviced apartments and villasfor lease.Surrounded by lush landscaping andreputed for its excellent servicesand hospitality, Royal Park SedonaSuites Hanoi remains the preferredaccommodation choice provideramong diplomats, businessmenand expatriates.Quang Ba Royal Park, theKeppel Land-led joint venturecompany for Royal Park Sedona SuitesHanoi, received the prestigious 2ndOrder Labour of Medal Award for itssocio-economic contribution toVietnam in 2011.The Company is also the recipientof the Golden Dragon Award byVietnam Economic Times for fourconsecutive years from 2007 to 2010.It has also won the ExcellencePerformance Award at the GuideAwards from 2003 to 2010.1. Riviera Cove offers residents a riverfrontlifestyle with a full range of facilities.2. Keppel Land broke ground for Saigon CentrePhase 2 in November 2011.80Keppel Land LimitedReport to Shareholders 2011Operations and Market ReviewVietnam81