Content Introduction Strategic Focus Updates Market Review & - PDF document

Investor Meetings August 2010 1 Content  Introduction  Strategic Focus  Updates  Market Review & Outlook  Going Forward  Recent Awards 2 1

Introduction 3 Introduction Total assets of $6.6 bil as @ 30 June 2010 Premier Property Company Market cap of $6.0 bil as @ 03 August 2010 Developer of One Raffles Quay, Leading Prime Marina Bay Financial Centre and Ocean Financial Centre Office Player in Singapore’s Crown Jewel Marina Bay Focus on thematic residential and Asia’s Quality township developments in Singapore, China, Home Developer Vietnam, India and Indonesia Manager of four property funds Established Property Fund Manager and a pan-Asian commercial REIT 4 2

Vision and Mission Vision To be the premier multi-national corporation providing urban living solutions through the twin core businesses of property development and property fund management. Mission We are committed to create live-work-play environments of enduring value for the community with our hallmark excellence, and achieve sustainable higher returns for our shareholders. 5 International Presence More than 75,000 Homes in the Pipeline Across Asia and the Middle East 6 3

Strategic Focus 7 Strategic Focus Two Core Businesses SINGAPORE Commercial developments mainly in Marina Bay and CBD Residential developments including lifestyle Property Property waterfront projects Fund OVERSEAS Development K-REIT Asia to recycle Residential developments Management capital for Sale including townships, Fee-based income from sustainable developments fund management with and integrated lifestyle greater AUM projects Commercial developments selectively 8 4

Updates 9 Singapore Residential Replenished Landbank with Lakeside Acquisition  Comprises about 630 units • Unit type : 1 – 4 bedroom plus penthouses • Unit sizes range from 500 sf – 1,400 sf  Target to launch by end-2010  Benefit from the remaking of Jurong Lake District and relocation of government agencies  Choice location with proximity to : • Lakeside MRT station • Jurong Gateway precinct with about 500,000 sm commercial space • Future Canadian International School, Jurong Point and other amenities 10 5

Singapore Residential Demand for Premier Homes at Marina Bay  Second preview of Marina Bay Suites on 29 April 2010 • Capitalised on the preview opening of Marina Bay Sands on 27 April 2010  Total: 221 units • Sold 96% of 136 launched units as at end-Jun 10 Marina Bay Sands Marina Bay Suites 11 Singapore Residential Capitalise on Close Proximity to Resorts World Sentosa Reflections at Keppel Bay Resorts World Sentosa and Universal Studios  Designed by world-renowned master architect, Daniel Libeskind  Total : 1,129 waterfront condominium units • 98% of 760 launched units sold as at end-Jun 10 12 6

Singapore Commercial Marina Bay as a Vibrant Work-Live-Play Environment Marina Bay Financial Centre Marina Bay Suites Comprises 3 Grade A office towers Final phase of luxury residential development in the Marina Bay area Ocean Financial Centre Platinum level LEED-CS One Raffles Quay pre-certification Marina Bay Residences Marina Bay Sands (Integrated Resort) 13 Fully sold out luxury residential development Keppel Land’s projects located nearby to the IR Singapore Commercial Choice Location for Multi-national Companies Marina Bay Financial Centre (MBFC)  Overall commitment : About 80% MBR T2 T3 MBS  Ph 1 : 1.6m sf • Towers 1 & 2 : Fully leased • Completion : 2010  Ph 2 : 1.3m sf T1 • Tower 3 : 55% • Completion : 2012  New take-up in 2Q10 : • Ph 1 : - Barclays : Additional 250,000 sf - Prudential : Approx. 37,000 sf - Nomura : Additional 25,000 sf • Ph 2 : - Clifford Chance: Approx. 25,000 sf 14 7

Singapore Commercial Premier Office Landmark in Central Business District Ocean Financial Centre (OFC)  Overall commitment : About 63%  Total NLA : 850,000 sf  New take-up in 2Q10 includes : - ANZ : Approx. 209,000 sf - BNP : Approx. 58,000 sf  Other major tenants include : - Drew & Napier - Stamford Law - The Executive Centre - Verizon - DMG  Completion : 2Q11 15 K-REIT Asia Expand Portfolio with Quality Acquisitions  Seeking Pan-Asian acquisition opportunities  First foray into Australia with two recent acquisitions: • Grade A office tower at 77 King Street in Sydney’s CBD • 50% stake of 275 George Street, a Grade A office building in Brisbane’s CBD  Improved K- REIT Asia’s income and tenant diversification Prudential Bugis Junction 275 George Tower Towers One Raffles Quay Street 77 King Street Keppel Towers GE Tower 16 8

Alpha Investment Partners Seeking Acquisitions with Strong Financial Position  Alpha Asia Macro Trends Fund • Targeted at developed and fast emerging Total AUM: Alpha $10.2 bn markets with focus on prominent trends in Investment Partners : Asia such as : $7.7 bn (1) – Rise of consumerism, tourism and home ownership K-REIT Asia : – Emergence of REITs $2.5 bn (2) – Aging populations As at end-Jun 10 : – Key Asian cities as education hubs No. of • Recent acquisitions in Singapore : Committed % Funds under Alpha Countries Equity Invested Invested In – 162 units at The Cascadia, a prime Asia No. 1 Property Fund $400m 100% 4 residential devt located along Bukit Alpha Core Plus Real Timah Road $720m 100% 4 Estate Fund – 77% stake in Katong Mall : To be AIB Alpha Japan Fund $259m 46% 1 redeveloped into a new 207,000-sf mall Alpha Asia Macro $1.7bn 40% 5 Trends Fund 17 (1) When fully leveraged and fully invested (2) Includes 50% stake in 275 George Street, Brisbane and assumes completion of acquisition of 77 King Street, Sydney Overseas 18 9

Overseas - China Keppel Land’s Extensive Presence in China In China since early 1990s • Secured first residential project, One Park Avenue in Shanghai in Shenyang 2000 Beijing Tianjin Presence in 10 cities in key regions Jiangyin Chengdu Wuxi • Total GFA : 6.5 million sm Changzhou Shanghai • More than 40,000 homes in the Kunming pipeline Zhongshan Western Region Greater Bohai Rim Region 19 Yangtze River Delta Region Overseas - China Good Response at Pudong Launch The Springdale, Shanghai  Total : 2,667 units • Comprises maisonettes, high-rise and landed homes  Ph 1 : Launched in mid-Jun 10 • Sold 79 of 120 launched units as at end-Jun 10  Within 30 minutes drive to : • Financial District in Pudong ( Lu Jia Zui) • Pudong International Airport • Lingang New Town • Upcoming No. 11 metro line linking to Hong Qiao Airport and financial districts • Disneyland theme park (15 min drive) 20 10

Overseas - China Resilient Demand for Township Homes  More than 1,000 township homes sold in 2Q10  More than 5,000 units sold over 5 phases since 2005  Ph 5 : Sold 745 units • Fully sold 376 launched units in early April • Launched another 604 units since late April – Sold 369 units as at end-Jun 10 The Botanica, Chengdu  Ph 1 of 1,448 units fully sold  Ph 2 : Sold 311 units Sold 213 of 342 launched units in 2 nd week May • • Launched another 154 units in Jun – Sold 98 units as at end-Jun 10 Central Park City, Wuxi 21 Overseas – Vietnam Enlarged Residential Portfolio in HCMC  Acquired new lifestyle waterfront sites • Township devt at South Rach Chiec, District 2 - Site area : 30 ha - Total : About 4,700 units fronting South Rach Chiec river • Villa devt, District 12 - Site area : 11.3 ha - Total : 175 villas fronting Saigon River • More than 22,000 homes in the pipeline Waterfront township development at South Rach Chiec 22 11

Overseas – Vietnam Continued Demand for Quality Homes The Estella, HCMC Riviera Cove, HCMC   9.7-ha riverfront site in emerging residential First development in Vietnam to obtain Green suburb District 9 Mark Gold Award   Total : 96 villas Total : 1,393 units  93% of 82 launched units sold as at end-Jun 10  63% of 719 launched units sold as at end-Jun 10 23 Overseas – India and Indonesia Steady Sales with Improving Economy Elita Promenade, Elita Garden Vista, Kolkata Jakarta Garden City Bangalore  Total : 1,573 units  Phase 1 : 688 units  Phase 1 : 971 units  91% of 1,495 units sold as  71% of 688 units sold as  77% of 648 units sold as at end-Jun 10 at end-Jun 10 at end-Jun 10 24 12

Market Review & Outlook 25 Singapore Residential  Private home price increase moderates 3Q 09 4Q 09 1Q 10 2Q 10 Q-o-Q changes in price +15.8% +7.4% +5.6% +5.3%  Higher new take-up in 1H10 vs 1H09 Full year 2009 1H 09 1H 10 New Home Sales 14,688 7,250 8,413  Rising foreign participation Companies Singaporeans Foreigners (PRs + Non-PRs) & Others 2000 80% 13.2% 6.9% 2009 76.2% 22.1% 1.7% 1H 10 72.8% 25.2% 2.0% Source : URA 26 13