19 Aug '16, 10am

Singapore's Keppel Land sees China home sales rising on big-city demand: SINGAPORE, Aug 19 (Reuters) - Singap...

By Aradhana Aravindan | SINGAPORE SINGAPORE Aug 19 Singapore's Keppel Land, the real estate arm of conglomerate Keppel Corp, sees sales of its homes in China rising this year compared to last year, its CEO said, helped by a focus on larger cities where demand has been strong. China is Keppel Land's biggest residential market and is gaining in importance to the conglomerate. Keppel Corp's reliance on the property arm for profits has increased as its main rigbuilding business is under pressure from slumping oil prices. Property contributed 46 percent to Keppel Corp's second-quarter profit, compared with 26 percent a year ago. Singapore developers such as Keppel and Capitaland have benefited from rising demand in countries such as China and Vietnam, while the pace of growth at home has slowed, hurt by cooling measures. In China, the property market began to recover late last ...

Full article: http://www.reuters.com/article/keppel-corp-property-china...

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Singapore's Keppel Land sees China home sales r...

reuters.com 19 Aug '16, 10am

By Aradhana Aravindan | SINGAPORE SINGAPORE Aug 19 Singapore's Keppel Land, the real estate arm of conglomerate Keppel Cor...

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