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Group Properties (Overseas) (cont’d)Description Location Held by % Owned Site Area Estimated Estimated Expected Tenure(sm) Building Floor Gross Lettable Year ofArea (sm) Area (sm) Completion(Commercial)/No. of Units(Residential)Properties Under Development (cont’d)MalaysiaTaman Sutera, Skudaia township comprising Johor, Tanah 18% 3,974,912 ## - 120 residential 2007/2008 Freeholdresidential units, Malaysia Sutera (82,716 units and 2commercial space Development currently under commercial unitsand recreational facilities development) currently underdevelopmentPhilippinesSM-KL Towers, Ortigastwo 55-storey office Manila, SM 24.2% 20,000 13,630 10,238 1985 Freeholdtowers and a 70-storey Philippines Keppel Land (Benguet (Benguet (Benguetresidential tower, Centre) Centre) Centre)interlinked by a 5-storey retail 26,767 18,518 2001podium called The Podium. (Phase 1- (Phase 1- (Phase 1-To be developed in phases. The Podium) The Podium) The Podium)Vacant landat Carajay Road Cebu, Opon 20.2% 7,838 - - - FreeholdPhilippines Realty andDevelopmentCorpPalmdale Heightsa 29-block residential Pasig City, Buena 30.9% 76,156 229,416 174,653 2004 Freeholddevelopment with Philippines Homes (Residential) (Residential) (Phases 1 & 24,000 apartment units, (Sandoval) 5,749 3,031 comprising 63 parking buildings and (Commercial) (Commercial) residential blocks2 commercial buildings 19,137 820 lots and facilities)(Parking) (Parking)Metro North Townshipan option with San Jose Swansville 46.1% 6,000,000 ** ** ** FreeholdAraneta Properties del Monte, Investmentto jointly develop a Bulacan (Philippines)residential township (north ofon a 600-ha site. To be Ortigas CBD),developed in phases. PhilippinesThailand^^Vacant Landfor residential Chonburi, Keppel 45.5% 355,996 - - - Freeholddevelopment at Highway Thailand Thai332 in Sattahip PropertiesProperty portfolioKeppel Land LimitedReport to Shareholders 2006241