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China’s housing market willgrow further, with stronghousing demand driven byrobust economic fundamentals,increasing income, continuedurbanisation and affordablemortgage financing.The Botanica, ChengduSoft-launched in November 2006,Villa Riviera has sold half of itslaunched units.Villa Riviera, ShanghaiThe development will have a full-facility clubhouse comprisinga heated swimming pool, a gymnasium, tennis courts andfunction rooms. Surrounding amenities also include theFrench-German International School, the Soong Qing LingPrimary School and the upcoming American International School.Villa Riviera was named Asia’s Best Metropolitan Villa in 2006by several renowned international agencies including theUnited Nations Residential Environment Development PromotionAssociation and International Land Agent Association. Theproject was soft-launched in November 2006 and half of the40 launched units has been sold as at end-February 2007.BeijingThe SeasonsThe Seasons is a high-rise residential developmentstrategically located at the western section of the WangJing Estate, the largest planned township in Beijing witha planned population of 350,000. Many large multinationalcompanies have set up operations in this estate, includingSiemens, Nortel, National, LG, Samsung, Lucent, Wal-Martand Carrefour. IKEA has also established its second largeststore in the world there. In addition, Sony Ericsson andMotorola will be opening their research and developmentcentres in Wang Jing Estate. These developments willfurther enhance the appeal of The Seasons.Situated next to the city’s green belt and golf course, TheSeasons is well connected to various parts of the city via theNorthern 4 th Ring Road, the Airport Expressway, the Jing-ChengExpressway, the No. 13 Metro Line, as well as the futureNo. 10 Metro Line.The project comprises 1,859 units of quality homes withfull finishes. Clubhouse facilities include an Olympic-lengthheated swimming pool, tennis court, a childcare centre,retail establishment and a 35,000-sm landscaped garden.As of end-February 2007, 98% of the 1,775 launched unitshas been sold.ChengduThe WaterfrontThe Waterfront is Keppel Land’s maiden residential developmentin Chengdu. It comprises a total of 1,143 units, complete withfull facilities including a heated swimming pool, tennis courts,a mini-mart and a childcare centre.Located on a 41-ha site at southeast Chengdu, The Waterfrontis about 10 minutes’ drive from the city centre. It commandsa 150-m wide frontage of the Funan River, with the SichuanUniversity Campus and the historic Wang Jiang Lou Gardenon the opposite bank of the river. In the vicinity are amenitieslike schools, public transportation, shopping facilities and theShangri-La Hotel.To be completed in 2007, about 95% of the units has beensold as at end-February 2007.Operations and market reviewChinaKeppel Land LimitedReport to Shareholders 2006125