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29. Significant Related Party Transactions(a) Significant related party transactions entered into by the Group with the holding company, fellow subsidiaries andrelated parties are as follows:2006 2006 2005 2005$’000 $’000 $’000 $’000with Holdingwith HoldingCompany with Group’s Company with Group’sand Fellow Associated and Fellow AssociatedSubsidiaries Companies Subsidiaries CompaniesInterest income 6,767 34,286 3,655 13,562Interest expense (49,924) - (36,538) -Management fees paid (3,174) - (2,971) -Rental expense (1,293) - - (1,589)Project and development managementfees received 1,266 143 338 1,377Property management fees received 939 63 430 54Marketing commission received 2,082 4,106 2,961 1,702Management and support services 1,244 1,202 1,749 1,490Asset management fees 2,667 - - -Other products and services (559) - (788) (1,000)(b)Transactions entered into by the Group with the Directors of the Company and Directors of Keppel CorporationLimited are as follows:2006 2005$’000 $’000Consideration for the sale of units in Singapore and overseasresidential developments to Directors of the Company andDirectors of Keppel Corporation Limited and their immediatefamily members at prevailing prices applicable to third parties 41,265 779(c)Transactions entered into by the Group with the Temasek Group:(i) Compensation received from Capitaland Retail ManagementPte Ltd on termination of Parco Bugis Junction retail malladvisory services agreement 2,161 -(ii) Management fee paid (228) -(iii) Sale of Parco Bugis Junction to CapitaMall Trust and theCompany’s purchase of the office subsidiary in Bugis Junction - 148,000The related party transactions in (a) and (c) above are entered into in the normal course of business based on negotiatedarm’s length prices.Notes to the financial statementsKeppel Land LimitedReport to Shareholders 2006215