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Operations and market reviewIndonesiaJakarta Garden City, IndonesiaJakartaWisma BCAStrategically situated within Jakarta’s central business district(CBD) and in close proximity to five-star hotels, embassiesand shopping malls, Wisma BCA remains the preferred choicefor major corporations. The two office towers continued toenjoy full occupancy and higher average gross rentals in 2006.Pasadenia GardenPasadenia Garden is a low-density condominium developmentlocated within the upper-middle class Pulomas residentialestate. Sitting on an 8-ha site, the initial phase of 197 unitshas been completed. Some 82% of the 147 units availablefor sale has been sold, up from 105 units sold as at end-2005.As at end-2006, 18 of the 26 unsold units and 29 of the 50rental apartments were leased out.Jakarta Garden CityThe 270-ha integrated township development in Cakung,East Jakarta is one of the last few remaining large, contiguousplots of land available for housing development within theJakarta city. Located in close proximity to Kelapa Gading,an established township, Jakarta Garden City targets themiddle- to upper-middle income families.The entire township will be developed in phases over 10 to15 years. It will yield more than 7,000 landed homes andapartments. Retail malls, shop houses, entertainment centres,offices, international schools, hospital and other facilities willalso be built within the township.Construction activities for Phase One have begun with thecommencement of earthworks, landscaping and infrastructureworks. About 1,100 units of landed houses and a modernclubhouse with various recreational facilities will be developedin the first phase.Operations and market reviewIndonesiaKeppel Land LimitedReport to Shareholders 2006139