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BG Junction, SurabayaSurabayaBG JunctionBG Junction is a strata-titled retail complex comprising shopunits and anchor space. Situated in an established commercialarea within Surabaya’s CBD, it consists of six levels of retailspace with hypermart giant Carrefour as the main anchortenant, an adjoining multi-storey car park building andsupporting facilities.BG Junction was completed and soft-opened in June 2006.As at 31 December 2006, the mall achieved an overalloccupancy of about 84%. A total of 395 units has beensold and about 26,000 sm of retail space have beenleased to major tenants, including Carrefour. Currentefforts are ongoing to secure more mini anchor tenants forthe development.Galleria TunjunganThe prime 23,768-sm site is located in the heart ofSurabaya’s CBD. Development plans for an upmarket retailcum-commercialcomplex have been put on hold until marketconditions are favourable.ManadoHotel Sedona ManadoLocated at Tateli, approximately 13 km from Manado, thecapital of North Sulawesi, Hotel Sedona Manado is aninternational-class resort hotel comprising 247 rooms andsuites as well as recreational facilities such as a privateswimming lagoon, swimming pool, tennis court, fitness cluband other sea sports facilities. It also offers easy access tothe nearby diving sites.Construction of the hotel has been substantially completedwith the exception of the West Wing. The hotel soft-openedin November 2006.BaliTanah Lot Beach ResortDevelopment plans for an exclusive gated beachfront resortvilla estate with a luxurious resort hotel have been put onhold until investment sentiments in Bali are favourable.Operations and market reviewIndonesiaKeppel Land LimitedReport to Shareholders 2006141