Keppel Land aims to double revenue share from Asean in five years

Developer honing business strategy in each local approach to emphasise recurring income, in a move away from land-banking and home sales alone

Annabeth Leow

Published Mon, Oct 4, 2021 · 05:50 AM

keppel

Singapore

PROPERTY developer Keppel Land aims to more than double its revenue share from the South-east Asian market (excluding Singapore) in the medium term, with plans to ramp up its Vietnam footprint and overhaul its approach to the Indonesian market.

Speaking to The Business Times, Keppel Land chief executive Louis Lim said that the envisioned regional expansion is very much part of blue-chip parent Keppel Corp's Vision 2030 strategic transformation road map: "It is about really accelerating what we're doing across markets and diversifying, for us, out of a China-led business. I think we want to make sure that we have legs in more geographies, without being too diversified."

At the same time, Keppel Land is honing its business strategy in each local approach to emphasise recurring income, in a move away from land-banking and ho…